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Guideline Value

Corporate

Guideline Value for Sri Annai Avenue

₹3520/sq.ft.

The guideline value for Sri Annai Avenue in Madanandapuram village (Kunrathur SRO, Chennai zone) is Rs 3520 per sq.ft, effective 1 July 2024. It was Rs 3200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madanandapuram

Village

Kunrathur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹3520 /sq.ft.
From 1-4-2023 ₹3200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2144 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹600 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Sri Annai Avenue

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Sri Annai Avenue guideline value

The current guideline value of Sri Annai Avenue in Madanandapuram village, under the Kunrathur SRO, is Rs 3,520 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - II.

How the guideline value of Sri Annai Avenue has changed

The guideline value for Sri Annai Avenue has experienced several revisions over the years. In 2007, the value was Rs 600 per sq.ft. This increased significantly to Rs 3,200 per sq.ft in 2012, marking a substantial rise of 433%. However, the value then decreased to Rs 2,144 per sq.ft in 2017, a decline of 33%. The 2023 revision saw another increase to Rs 3,200 per sq.ft, and the most recent revision in 2024 set the value at Rs 3,520 per sq.ft, reflecting a 10% increase from the previous year.

In total, from 2007 to 2024, the guideline value has increased by 487%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Madanandapuram

In Madanandapuram, there are 94 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,530 to Rs 5,830 per sq.ft. The median guideline value for these streets is Rs 3,520 per sq.ft, which is equal to the current value of Sri Annai Avenue.

Stamp duty and registration fee for property in Sri Annai Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value would be Rs 35,20,000. The stamp duty at 7% would amount to Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total fees to Rs 3,16,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Annai Avenue?

The Sub Registrar Office that covers Sri Annai Avenue is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find your SRO, you can visit this link.

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

The guideline value is a crucial factor during the registration of property transactions in Madanandapuram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a buyer or seller engages in a transaction, the guideline value is used to calculate the applicable duties and fees. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Sri Annai Avenue?

The current guideline value of Sri Annai Avenue is Rs 3,520 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased significantly from Rs 600 per sq.ft in 2007 to Rs 3,520 per sq.ft in 2024, marking an overall increase of 487%.

What are the other streets with the same guideline value in Madanandapuram?

Other streets in Madanandapuram with the same guideline value of Rs 3,520 per sq.ft include Sri Amman Nagar, Sri Moogambigai Nagar, Sri Muthu mariyamman Nagar, Sri Muthu Nagar, and Sri Natarajan Nagar.

What are the stamp duty and registration fees for a property in Sri Annai Avenue?

The stamp duty for a property in Sri Annai Avenue is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would be Rs 3,16,800.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles the registration of properties in the area.