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Guideline Value

Corporate

Guideline Value for United India Nagar Ist cross Street

₹5500/sq.ft.

The guideline value for United India Nagar Ist 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 N/A
From 1-4-2002 To 31-3-2003 N/A
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 Ist Cross Street

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United India Nagar Ist cross Street guideline value

The current guideline value for United India Nagar Ist 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 Ist cross Street has changed

The guideline value for United India Nagar Ist cross Street has seen several revisions over the years. The 2007 revision set the value at Rs 2,400 per sq.ft, which increased to Rs 5,000 per sq.ft in the 2012 revision, marking a significant increase of 108%. However, the value dropped to Rs 3,350 per sq.ft in the 2017 revision, a decrease of 33%. The 2023 revision then raised the value to Rs 5,000 per sq.ft, followed by a further increase to Rs 5,500 per sq.ft in the 2024 revision, reflecting a rise of 10% from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 129%. It is important to note that the register does not have figures for the years 2002 and 2003 for this street.

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 as of the 2024 revision. The median guideline value for the area is Rs 4,900 per sq.ft, placing the 2024 figure for United India Nagar Ist cross Street above this median.

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

For a 1,000 sq.ft plot at the current rate of Rs 5,500 per sq.ft, the 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, bringing the total to Rs 4,95,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers United India Nagar Ist cross Street?

The Sub Registrar Office that covers United India Nagar Ist cross 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ayanavaram. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the guideline value helps in establishing a benchmark for the sale price. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during registration.

Frequently asked questions

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

The current guideline value for United India Nagar Ist 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 changed significantly from Rs 2,400 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 129% over this period.

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

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

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

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

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 3,85,000.