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Guideline Value

Corporate

Guideline Value for Shenoy Nagar East Main Road

₹14300/sq.ft.

The guideline value for Shenoy Nagar East Main Road in Aminjikarai village (Annanagar SRO, Chennai zone) is Rs 14300 per sq.ft, effective 1 July 2024. It was Rs 13000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Aminjikarai

Village

AnnaNagar

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹14300 /sq.ft.
From 1-4-2023 ₹13000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹8710 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹13000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2000 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 ₹1229 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561062
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Shenoy Nagar East Main Road

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Shenoy Nagar East Main Road guideline value

The current guideline value of Shenoy Nagar East Main Road is Rs 14,300 per sq.ft, effective from 1 July 2024. This road is located in Aminjikarai village under the AnnaNagar SRO, classified as Residential Special Type - I.

How the guideline value of Shenoy Nagar East Main Road has changed

The guideline value for Shenoy Nagar East Main Road has seen significant changes over the years. In 2002, the value was Rs 1,229 per sq.ft. It increased to Rs 2,000 per sq.ft in 2007, marking a substantial rise of 63%. Following this, the value jumped to Rs 13,000 per sq.ft in 2012, reflecting an increase of 550%. However, between 2012 and 2017, the value decreased to Rs 8,710 per sq.ft, which was a decline of 33%. The value then rose to Rs 13,000 per sq.ft in 2023, a significant increase of 49% from the previous revision. The most recent revision in 2024 set the guideline value at Rs 14,300 per sq.ft, which is a 10% increase from 2023.

The register does not provide a figure for the year 2003 for this street. Overall, from 2002 to 2024, the guideline value has increased by 1064%.

Guideline values in Aminjikarai

Aminjikarai village has a range of guideline values for 99 streets under the AnnaNagar SRO, with rates varying from Rs 3,300 to Rs 16,500 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, placing the guideline value of Shenoy Nagar East Main Road above this median.

Stamp duty and registration fee for property in Shenoy Nagar East Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 14,300 per sq.ft, the total guideline value would be Rs 1,43,00,000. The stamp duty at 7% would amount to Rs 10,01,000, and the registration fee at 2% would be Rs 2,86,000, bringing the total fees together to Rs 12,87,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Shenoy Nagar East Main Road?

The Sub Registrar Office that covers Shenoy Nagar East Main Road is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

How the guideline value is used when you buy or sell in Aminjikarai

The guideline value plays a crucial role in the registration process when buying or selling property in Aminjikarai. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers should be aware that the guideline value is set by the government and can vary from one location to another.

When a property is sold, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions, reflecting the value of the property as determined by the guideline value register.

Frequently asked questions

What is the current guideline value of Shenoy Nagar East Main Road?

The current guideline value of Shenoy Nagar East Main Road is Rs 14,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,229 per sq.ft in 2002 to Rs 14,300 per sq.ft in 2024, which is an overall increase of 1064%.

What was the guideline value in 2023?

The guideline value for Shenoy Nagar East Main Road in 2023 was Rs 13,000 per sq.ft.

Where can I find the Sub Registrar Office for Shenoy Nagar East Main Road?

The Sub Registrar Office for Shenoy Nagar East Main Road is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in Shenoy Nagar East Main Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 1,43,00,000 would incur a stamp duty of Rs 10,01,000 at a rate of 7%.