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Guideline Value

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Guideline Value for AZHVAR THIRUNAGAR - Azhvar Thiru Nagar Anex

₹4950/sq.ft.

The guideline value for Azhvar Thirunagar - Azhvar Thiru Nagar Anex in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 4950 per sq.ft, effective 1 July 2024. 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 N/A
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 ₹1100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹750 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹614 /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 Anex

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AZHVAR THIRUNAGAR - Azhvar Thiru Nagar Anex guideline value

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

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

The guideline value for AZHVAR THIRUNAGAR - Azhvar Thiru Nagar Anex has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 614 per sq.ft. This increased to Rs 750 per sq.ft in 2003, marking a 22% rise. In 2007, the value jumped significantly to Rs 1,100 per sq.ft, which is a 47% increase from the previous revision. The 2012 revision saw another substantial increase to Rs 4,500 per sq.ft, reflecting a 309% rise from 2007. Finally, the latest revision in 2024 set the guideline value at Rs 4,950 per sq.ft, a 10% increase from 2012.

It is important to note that the register does not have figures for the years 2017 and 2023 for this street. Overall, from 2002 to 2024, the guideline value has increased by 706%.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO with a 2024 guideline value 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, indicating that the AZHVAR THIRUNAGAR - Azhvar Thiru Nagar Anex guideline value is above this median.

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

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, and the registration fee at 2% would be Rs 99,000. Together, the total cost for stamp duty and registration would be 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 information.

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

The AZHVAR THIRUNAGAR - Azhvar Thiru Nagar Anex falls under the jurisdiction of 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 in property transactions in Valasaravakkam. It serves as a benchmark for determining the minimum value of a property for registration purposes. When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and fairly.

Additionally, the guideline value influences the stamp duty and registration fees that must be paid during the transaction. Buyers and sellers should be aware of the current guideline value to understand their financial obligations when completing a property transaction.

Frequently asked questions

What is the current guideline value of AZHVAR THIRUNAGAR - Azhvar Thiru Nagar Anex?

The current guideline value of AZHVAR THIRUNAGAR - Azhvar Thiru Nagar Anex is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has undergone several revisions. From Rs 614 per sq.ft in 2002, it rose to Rs 4,950 per sq.ft in 2024, marking an overall increase of 706%.

What is the stamp duty for property in AZHVAR THIRUNAGAR - Azhvar Thiru Nagar Anex?

The stamp duty for property in AZHVAR THIRUNAGAR - Azhvar Thiru Nagar Anex is 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 49,50,000, the stamp duty would be Rs 3,46,500.

Where can I find the Sub Registrar Office for AZHVAR THIRUNAGAR - Azhvar Thiru Nagar Anex?

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

What does the guideline value indicate?

The guideline value indicates the minimum value of a property for registration purposes. It is used to calculate the stamp duty and registration fees during property transactions in Valasaravakkam.