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Guideline Value

Corporate

Guideline Value for United India Nagar 2nd Main Road

₹5500/sq.ft.

The guideline value for United India Nagar 2nd Main Road in Ayanavaram village (Annanagar 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 Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ayanavaram

Village

AnnaNagar

SRO

Residential Class I Type - II
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 ₹2400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹895 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹798 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561062
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 United India Nagar 2nd Main Road

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United India Nagar 2nd Main Road guideline value

The current guideline value of United India Nagar 2nd Main Road is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification is Residential Class I Type - II.

How the guideline value of United India Nagar 2nd Main Road has changed

The guideline value for United India Nagar 2nd Main Road has seen several revisions over the years. In 2002, the value was Rs 798 per sq.ft, which increased to Rs 895 per sq.ft in 2003. Following that, the value rose significantly to Rs 2,400 per sq.ft in 2007, and then to Rs 5,000 per sq.ft in 2012. However, it dropped to Rs 3,350 per sq.ft in 2017. The value then increased to Rs 5,000 per sq.ft in 2023, and currently stands at Rs 5,500 per sq.ft as of the 2024 revision.

The changes between these revisions are notable. From 2002 to 2024, the guideline value increased by 589%. The most significant increase occurred from 2003 to 2007, with a rise of 168%. Between 2012 and 2017, there was a decrease of 33%, while the jump from 2017 to 2023 was 49%. The latest increase from 2023 to 2024 is 10%.

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 the village is Rs 4,900 per sq.ft, making the current value of United India Nagar 2nd Main Road above that median.

Stamp duty and registration fee for property in United India Nagar 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 amounts to 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, totaling Rs 4,95,000. 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 further calculations.

Which Sub Registrar Office covers United India Nagar 2nd Main Road?

The Sub Registrar Office that covers United India Nagar 2nd Main Road 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 information.

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

The guideline value plays a crucial role in property transactions in Ayanavaram. It is used to determine the value of the property for registration purposes, ensuring that the property is registered at a fair value as per the government standards.

When buying or selling property, the guideline value is essential for calculating stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of United India Nagar 2nd Main Road?

The current guideline value of United India Nagar 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 significantly from Rs 798 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 589% over this period.

What is the land classification for United India Nagar 2nd Main Road?

The land classification for United India Nagar 2nd Main Road is Residential Class I Type - II, indicating its designation for residential use.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for United India Nagar 2nd Main Road is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Ayanavaram?

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