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Guideline Value

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Guideline Value for United India Nagar 2nd cross Street

₹5500/sq.ft.

The guideline value for United India Nagar 2nd Cross Street 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 Cross Street

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United India Nagar 2nd cross Street guideline value

The current guideline value of United India Nagar 2nd cross Street 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 for this area is Residential Class I Type - II.

How the guideline value of United India Nagar 2nd cross Street has changed

The guideline value for United India Nagar 2nd cross Street has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 798 per sq.ft. This increased to Rs 895 per sq.ft in 2003, marking a 12% rise. The value saw significant growth in the following years, reaching Rs 2,400 per sq.ft in 2007, which was a 168% increase from the previous figure. The 2012 revision recorded the value at Rs 5,000 per sq.ft, reflecting a substantial 108% increase from 2007. However, the value decreased by 33% to Rs 3,350 per sq.ft in 2017.

The most recent revisions show a marked increase. In 2023, the guideline value was set at Rs 5,000 per sq.ft, and it has now risen to Rs 5,500 per sq.ft in 2024, which is a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 589%.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO, with guideline values 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, making the 2024 figure for United India Nagar 2nd cross Street above this median.

Stamp duty and registration fee for property in United India Nagar 2nd cross Street

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 amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000. Together, the total fees would be 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers United India Nagar 2nd cross Street?

The Sub Registrar Office that covers United India Nagar 2nd cross Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By 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 is a crucial factor when it comes to the registration of property transactions in Ayanavaram. It serves as a benchmark for determining the minimum value at which properties can be registered, influencing the stamp duty and registration fees that buyers need to pay.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and fairly. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of United India Nagar 2nd cross Street?

The current guideline value of United India Nagar 2nd cross Street 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 seen several revisions, increasing from Rs 798 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, marking an overall increase of 589% over this period.

What is the land classification for United India Nagar 2nd cross Street?

The land classification for United India Nagar 2nd cross Street is Residential Class I Type - II.

Where can I find the registration office for United India Nagar 2nd cross Street?

The registration office for United India Nagar 2nd cross Street 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 higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 5,500 per sq.ft, the stamp duty would be based on this value during registration.