Guideline Value for Tagore Nagar 3rd Street

Tagore Nagar 3rd Street guideline value

The current guideline value of Tagore Nagar 3rd Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village under the AnnaNagar SRO, classified as Residential Class II Type - II.

How the guideline value of Tagore Nagar 3rd Street has changed

Over the years, the guideline value of Tagore Nagar 3rd Street has seen several revisions. The earliest recorded figure is from 2007, where it was Rs 1,000 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in 2012, marking a 200% rise. However, the value then dropped to Rs 2,010 per sq.ft in 2017, a decrease of 33%. The value rose again to Rs 3,000 per sq.ft in 2023, and finally to the current Rs 3,300 per sq.ft in 2024, reflecting a 10% increase from the previous year.

There are no recorded guideline values for Tagore Nagar 3rd Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 230%.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO, with guideline values for 2024 ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, indicating that Tagore Nagar 3rd Street's current value is below this median.

• Tagore Nagar 2nd Street: Rs 3,300 per sq.ft (2024)
• Tagore Nagar Ist Street: Rs 3,300 per sq.ft (2024)
• Tagore Nagar main Road: Rs 3,300 per sq.ft (2024)
• Swaran Singh Street: Rs 4,900 per sq.ft (2024)
• T.B. Hospital: Rs 3,300 per sq.ft (2024)
• Thalamuthu Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Tagore Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Tagore Nagar 3rd Street?

The Sub Registrar Office that covers Tagore Nagar 3rd Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Ayanavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling a property, the guideline value helps both parties understand the official valuation of the property. This value is used to calculate various fees associated with the transaction, ensuring transparency and compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Tagore Nagar 3rd Street?

The current guideline value of Tagore Nagar 3rd Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 230% over the years.

What are the stamp duty and registration fees for properties in Tagore Nagar 3rd Street?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office covers Tagore Nagar 3rd Street?

The AnnaNagar Sub Registrar Office covers Tagore Nagar 3rd Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Tagore Nagar 3rd Street?

Tagore Nagar 3rd Street is classified as Residential Class II Type - II, indicating its suitability for residential purposes.