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Guideline Value

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Guideline Value for AZHVAR THIRUNAGAR - Azhvar Thiru Nagar 2nd Anex

₹4950/sq.ft.

The guideline value for Azhvar Thirunagar - Azhvar Thiru Nagar 2nd Anex 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 ₹800 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹750 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹517 /sq.ft.
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 - Azhvar Thiru Nagar 2nd Anex

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AZHVAR THIRUNAGAR - Azhvar Thiru Nagar 2nd Anex guideline value

The current guideline value for AZHVAR THIRUNAGAR - Azhvar Thiru Nagar 2nd Anex is Rs 4,950 per sq.ft, effective from 1 July 2024. This property is located in Valasaravakkam village and falls under the Virugambakkam SRO. The land classification is Residential Class I Type - I.

How the guideline value of AZHVAR THIRUNAGAR - Azhvar Thiru Nagar 2nd Anex has changed

Over the years, the guideline value for AZHVAR THIRUNAGAR - Azhvar Thiru Nagar 2nd Anex has seen significant changes. The earliest recorded value in 2002 was Rs 517 per sq.ft. This increased to Rs 750 per sq.ft in 2003, marking a rise of 45%. Following this, the value rose to Rs 800 per sq.ft in 2007, which was a 7% increase. A substantial jump occurred between 2007 and 2012, where the value surged to Rs 4,500 per sq.ft, reflecting a remarkable increase of 463%. The value remained unchanged at Rs 4,500 per sq.ft from 2012 until 2023.

In 2023, the guideline value was revised to Rs 4,500 per sq.ft, and then in 2024, it increased to Rs 4,950 per sq.ft, which is a 10% rise. Overall, from 2002 to 2024, the guideline value has increased by 857%.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO with 2024 guideline values ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,850 per sq.ft, indicating that AZHVAR THIRUNAGAR - Azhvar Thiru Nagar 2nd Anex's 2024 figure is above this median.

Stamp duty and registration fee for property in AZHVAR THIRUNAGAR - Azhvar Thiru Nagar 2nd Anex

For a 1,000 sq.ft plot at the current rate of Rs 4,950 per sq.ft, the guideline value amounts to Rs 49,50,000. The stamp duty at 7% would be Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, totaling Rs 4,45,500. 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 information.

Which Sub Registrar Office covers AZHVAR THIRUNAGAR - Azhvar Thiru Nagar 2nd Anex?

The AZHVAR THIRUNAGAR - Azhvar Thiru Nagar 2nd Anex is covered by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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

The guideline value is a crucial factor during property transactions in Valasaravakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations and to calculate applicable fees.

When registering a property, the guideline value is used to assess the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for AZHVAR THIRUNAGAR - Azhvar Thiru Nagar 2nd Anex?

The current guideline value for AZHVAR THIRUNAGAR - Azhvar Thiru Nagar 2nd Anex 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 significantly from Rs 517 per sq.ft in 2002 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of 857% over this period.

Which Sub Registrar Office covers this area?

The Virugambakkam Sub Registrar Office covers AZHVAR THIRUNAGAR - Azhvar Thiru Nagar 2nd Anex, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 49,50,000, the stamp duty would be Rs 3,46,500 and the registration fee would be Rs 99,000, totaling Rs 4,45,500.

What is the land classification for AZHVAR THIRUNAGAR - Azhvar Thiru Nagar 2nd Anex?

The land classification for AZHVAR THIRUNAGAR - Azhvar Thiru Nagar 2nd Anex is Residential Class I Type - I.