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Guideline Value

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Guideline Value for AZHVAR THIRUNAGAR - Cheran Road

₹4950/sq.ft.

The guideline value for Azhvar Thirunagar - Cheran Road 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 ₹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 - Cheran Road

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AZHVAR THIRUNAGAR - Cheran Road guideline value

The current guideline value for AZHVAR THIRUNAGAR - Cheran Road 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 - Cheran Road has changed

The guideline value for AZHVAR THIRUNAGAR - Cheran Road has undergone several revisions over the years. The earliest recorded revision was in 2007, where the guideline value was Rs 750 per sq.ft. This figure saw a significant increase in 2012, rising to Rs 4,500 per sq.ft, marking a change of +500%. The most recent revision in 2024 set the guideline value at Rs 4,950 per sq.ft, which is a +10% increase from the 2012 figure.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +560%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2017, and 2023 for this street.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 8,800 per sq.ft, with a median value of Rs 3,850 per sq.ft. The guideline value for AZHVAR THIRUNAGAR - Cheran Road is above this median.

Stamp duty and registration fee for property in AZHVAR THIRUNAGAR - Cheran Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total 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, bringing the total cost for these fees to Rs 4,45,500. Please note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers AZHVAR THIRUNAGAR - Cheran Road?

The AZHVAR THIRUNAGAR - Cheran Road 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 plays a crucial role during the registration of property transactions in Valasaravakkam. It serves as the benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When a buyer or seller approaches the registration office, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately in accordance with government regulations.

Frequently asked questions

What is the current guideline value for AZHVAR THIRUNAGAR - Cheran Road?

The current guideline value for AZHVAR THIRUNAGAR - Cheran Road is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 750 per sq.ft to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of +560%.

What are the stamp duty and registration fees for properties in this area?

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.

Which office handles registrations for AZHVAR THIRUNAGAR - Cheran Road?

The Virugambakkam Sub Registrar Office is responsible for handling registrations for AZHVAR THIRUNAGAR - Cheran Road, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for AZHVAR THIRUNAGAR - Cheran Road?

AZHVAR THIRUNAGAR - Cheran Road is classified as Residential Class I Type - I, indicating its suitability for residential development.