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Guideline Value

Corporate

Guideline Value for Sri Iyyappa Nagar / Annuxe

₹1540/sq.ft.

The guideline value for Sri Iyyappa Nagar / Annuxe in Thiruverkadu village (Kunrathur SRO, Chennai zone) is Rs 1540 per sq.ft, effective 1 July 2024. It was Rs 1400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruverkadu

Village

Kunrathur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1540 /sq.ft.
From 1-4-2023 ₹1400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹938 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹252 /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 Iyyappa Nagar / Annuxe

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Sri Iyyappa Nagar / Annuxe guideline value

The current guideline value of Sri Iyyappa Nagar / Annuxe is Rs 1,540 per sq.ft, effective from 1 July 2024. This area is located in Thiruverkadu village and falls under the Kunrathur SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Sri Iyyappa Nagar / Annuxe has changed

The guideline value for Sri Iyyappa Nagar / Annuxe has undergone several revisions over the years. The earliest recorded value was Rs 252 per sq.ft in 2007, which saw a significant increase to Rs 1,400 per sq.ft in 2012. However, this was followed by a decrease to Rs 938 per sq.ft in 2017. The value then rose to Rs 1,400 per sq.ft in 2023, before reaching the current rate of Rs 1,540 per sq.ft in 2024.

Examining the changes, the guideline value increased by 456% from 2007 to 2012, followed by a decrease of 33% from 2012 to 2017. Subsequently, the value surged by 49% from 2017 to 2023, and then increased by 10% from 2023 to 2024. Overall, the guideline value has increased by 511% from 2007 to 2024. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thiruverkadu

In Thiruverkadu, there are 178 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,430 to Rs 3,520 per sq.ft, with the median value being Rs 1,540 per sq.ft. The guideline value for Sri Iyyappa Nagar / Annuxe is equal to this median.

Stamp duty and registration fee for property in Sri Iyyappa Nagar / Annuxe

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total to Rs 1,38,600. 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 Iyyappa Nagar / Annuxe?

The Sub Registrar Office that covers Sri Iyyappa Nagar / Annuxe is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruverkadu. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the guideline value helps in assessing the official value of the property, which is essential for calculating the applicable duties. Buyers and sellers should be aware of the guideline value to understand the financial implications during the registration process.

Frequently asked questions

What is the current guideline value of Sri Iyyappa Nagar / Annuxe?

The current guideline value of Sri Iyyappa Nagar / Annuxe is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 252 per sq.ft in 2007 to Rs 1,540 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for Sri Iyyappa Nagar / Annuxe?

Sri Iyyappa Nagar / Annuxe is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for Sri Iyyappa Nagar / Annuxe?

The Sub Registrar Office for Sri Iyyappa Nagar / Annuxe is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 15,40,000, the stamp duty at 7% would be Rs 1,07,800.