Guideline Value for Tagore Nagar Ist Street

Tagore Nagar Ist Street guideline value

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

How the guideline value of Tagore Nagar Ist Street has changed

The guideline value for Tagore Nagar Ist Street has undergone several revisions over the years. The 2007 revision set the value at Rs 1,000 per sq.ft, which increased to Rs 3,000 per sq.ft in 2012. Following this, the value decreased to Rs 2,010 per sq.ft in 2017, before rising significantly to Rs 3,000 per sq.ft in 2023. The latest revision in 2024 has further increased the value to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 230%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

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 guideline value in this area is Rs 4,900 per sq.ft, placing the 2024 value of Tagore Nagar Ist Street below this median.

• Tagore Nagar 3rd Street: Rs 3,300 per sq.ft (2024)
• Tagore Nagar main Road: Rs 3,300 per sq.ft (2024)
• Tagore Nagar 2nd Street: 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 Ist Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty, charged at 7%, would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total 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.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Tagore Nagar Ist Street?

The Sub Registrar Office that covers Tagore Nagar Ist Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Ayanavaram. It serves as a benchmark for determining the stamp duty and registration fees payable during the transaction process.

Buyers and sellers must be aware that the guideline value influences the overall cost of property registration. It is essential to refer to the latest guideline value to ensure compliance with the registration requirements.

Frequently asked questions

What is the current guideline value of Tagore Nagar Ist Street?

The current guideline value of Tagore Nagar Ist 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, marking an overall increase of 230% over the years.

What is the median guideline value in Ayanavaram?

The median guideline value in Ayanavaram is Rs 4,900 per sq.ft, which is above the current value of Tagore Nagar Ist Street.

What are the stamp duty and registration fees for property in Tagore Nagar Ist Street?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 2,97,000, based on the current guideline value of Rs 3,300 per sq.ft.

Which office handles property registrations for Tagore Nagar Ist Street?

The AnnaNagar Sub Registrar Office handles property registrations for Tagore Nagar Ist Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.