Guideline Value

Corporate

Guideline Value for THIRUMALAI NAGAR ANNEXE 2ND MAIN ROAD

₹5500/sq.ft.

The guideline value for Thirumalai Nagar Annexe 2nd Main Road in Perungudi village (Neelankarai SRO, Chennai zone) is Rs 5500 per sq.ft, effective 1 July 2024. It was Rs 5000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Iv. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perungudi

Village

Neelankarai

SRO

Residential Special Type - IV
History
Period Guideline Value
From 1-7-2024 ₹5500 /sq.ft.
From 1-4-2023 ₹5000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3350 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1250 /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)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[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 Thirumalai Nagar Annexe 2nd Main Road

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Thirumalai Nagar Annexe 2nd Main Road guideline value

The current guideline value of Thirumalai Nagar Annexe 2nd Main Road is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Perungudi village, under the Neelankarai SRO, and is classified as Residential Special Type - IV.

How the guideline value of Thirumalai Nagar Annexe 2nd Main Road has changed

The guideline value for Thirumalai Nagar Annexe 2nd Main Road has seen several revisions over the years. The earliest recorded value is from 2007, which was Rs 1,250 per sq.ft. This figure increased significantly to Rs 5,000 per sq.ft in 2012, marking a 300% rise. However, it then decreased to Rs 3,350 per sq.ft in 2017, a drop of 33%. Following this, the value rose to Rs 5,000 per sq.ft in 2023, and most recently to Rs 5,500 per sq.ft in 2024, reflecting a 10% increase.

There are no recorded guideline values for the years 2002 and 2003 for this street. From 2017 to 2023, the value increased by 49%, and overall, from 2007 to 2024, the guideline value has risen by 340%.

Guideline values in Perungudi

In Perungudi, there are 249 streets under the Neelankarai SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value for Thirumalai Nagar Annexe 2nd Main Road is above this median.

Stamp duty and registration fee for property in Thirumalai Nagar Annexe 2nd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total fees together to Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thirumalai Nagar Annexe 2nd Main Road?

The Thirumalai Nagar Annexe 2nd Main Road falls under the Neelankarai Sub Registrar Office. The office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

When buying or selling property in Perungudi, the guideline value serves as a benchmark for determining the registration fees and stamp duty. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the transaction is officially recorded at a value recognized by the state.

This process helps maintain transparency in property transactions and provides a standardized method for assessing property values in the region. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Thirumalai Nagar Annexe 2nd Main Road?

The current guideline value of Thirumalai Nagar Annexe 2nd Main Road is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,250 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 340% over the years.

What is the land classification for Thirumalai Nagar Annexe 2nd Main Road?

The land classification for Thirumalai Nagar Annexe 2nd Main Road is Residential Special Type - IV.

Where can I find the registration office for Thirumalai Nagar Annexe 2nd Main Road?

The registration office for Thirumalai Nagar Annexe 2nd Main Road is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in Thirumalai Nagar Annexe 2nd Main Road?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000.