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Guideline Value

Corporate

Guideline Value for Vanjinathan Street/Annai Indira Nagar

₹4400/sq.ft.

The guideline value for Vanjinathan Street/annai Indira Nagar in Velachery village (Velacheri SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
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)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Vanjinathan Street/annai Indira Nagar

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Vanjinathan Street/Annai Indira Nagar guideline value

The current guideline value of Vanjinathan Street/Annai Indira Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village under the Velacheri SRO, and it falls under the Residential Class II Type - II land classification.

How the guideline value of Vanjinathan Street/Annai Indira Nagar has changed

The guideline value for Vanjinathan Street/Annai Indira Nagar has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, an increase of 10% from the 2023 revision of Rs 4,000 per sq.ft. Prior to that, in 2017, the guideline value was Rs 2,680 per sq.ft, marking a significant increase of 49% to 2023. Overall, from 2017 to 2024, the guideline value has risen by 64%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. This lack of data indicates that the guideline value was not recorded for those years.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, which matches the current value for Vanjinathan Street/Annai Indira Nagar.

Stamp duty and registration fee for property in Vanjinathan Street/Annai Indira Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty, charged at 7%, would be Rs 3,08,000, and the registration fee, charged at 2%, would be Rs 88,000. Together, these fees total Rs 3,96,000. It is important to note that 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 more details.

Which Sub Registrar Office covers Vanjinathan Street/Annai Indira Nagar?

The Sub Registrar Office that covers Vanjinathan Street/Annai Indira Nagar is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. For more information, you can find your SRO.

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

The guideline value serves as a reference point for determining the stamp duty and registration fees when buying or selling property in Velachery. It is essential for both buyers and sellers to be aware of this value as it impacts the overall cost of the transaction.

During the registration process, the guideline value is compared to the sale price of the property, and the higher of the two is used to calculate the applicable duties and fees. Understanding the guideline value can help in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Vanjinathan Street/Annai Indira Nagar?

The current guideline value of Vanjinathan Street/Annai Indira Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2017 to 2024?

From 2017 to 2024, the guideline value has increased by 64%, rising from Rs 2,680 per sq.ft to Rs 4,400 per sq.ft.

What is the stamp duty rate for property in Vanjinathan Street/Annai Indira Nagar?

The stamp duty rate for property in Vanjinathan Street/Annai Indira Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Vanjinathan Street/Annai Indira Nagar located?

The Sub Registrar Office for Vanjinathan Street/Annai Indira Nagar is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the median guideline value of streets in Velachery?

The median guideline value of streets in Velachery is Rs 4,400 per sq.ft, which is the same as the guideline value for Vanjinathan Street/Annai Indira Nagar.