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Guideline Value

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Guideline Value for AZHVAR THIRUNAGAR - Agasthiar Street

₹4950/sq.ft.

The guideline value for Azhvar Thirunagar - Agasthiar Street in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 4950 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Valasaravakkam

Village

Virugambakkam

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹4950 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹750 /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)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[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 Azhvar Thirunagar - Agasthiar Street

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AZHVAR THIRUNAGAR - Agasthiar Street guideline value

The current guideline value of AZHVAR THIRUNAGAR - Agasthiar Street is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village, under the jurisdiction of the Virugambakkam SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of AZHVAR THIRUNAGAR - Agasthiar Street has changed

The guideline value for AZHVAR THIRUNAGAR - Agasthiar Street has undergone several revisions over the years. In 2007, the value was set at Rs 750 per sq.ft. This figure saw a substantial increase to Rs 4,500 per sq.ft in 2012, marking a remarkable change of +500%. The guideline value remained unchanged at Rs 4,500 per sq.ft during the 2023 revision. However, in the 2024 revision, the value increased by 10% to Rs 4,950 per sq.ft.

It is important to note that there are no registered figures for this street for the years 2002, 2003, and 2017. Overall, from 2007 to 2024, the guideline value has increased by +560%.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value in this area is Rs 3,850 per sq.ft, placing AZHVAR THIRUNAGAR - Agasthiar Street above this median.

Stamp duty and registration fee for property in AZHVAR THIRUNAGAR - Agasthiar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value would be Rs 49,50,000. The stamp duty at 7% would amount to Rs 3,46,500, while the registration fee at 2% would be Rs 99,000, bringing the total to Rs 4,45,500. 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 more details.

Which Sub Registrar Office covers AZHVAR THIRUNAGAR - Agasthiar Street?

The AZHVAR THIRUNAGAR - Agasthiar Street falls under the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial component in the registration process of property transactions in Valasaravakkam. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property.

When a property is registered, the guideline value is used to calculate the applicable duties, ensuring that the transaction is recorded accurately in accordance with the legal requirements.

Frequently asked questions

What is the current guideline value of AZHVAR THIRUNAGAR - Agasthiar Street?

The current guideline value of AZHVAR THIRUNAGAR - Agasthiar Street is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2007 to Rs 4,950 per sq.ft in 2024, representing a total increase of +560% over the years.

What is the land classification for AZHVAR THIRUNAGAR - Agasthiar Street?

The land classification for AZHVAR THIRUNAGAR - Agasthiar Street is Residential Class I Type - I.

Where is the Virugambakkam Sub Registrar Office located?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in AZHVAR THIRUNAGAR - Agasthiar Street?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 49,50,000, the stamp duty would be Rs 3,46,500 at 7%.