Guideline Value for AZHVAR THIRUNAGAR - Chinthamani Vinayagar Koil Street

AZHVAR THIRUNAGAR - Chinthamani Vinayagar Koil Street guideline value

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

How the guideline value of AZHVAR THIRUNAGAR - Chinthamani Vinayagar Koil Street has changed

The guideline value for AZHVAR THIRUNAGAR - Chinthamani Vinayagar Koil Street has undergone several revisions over the years. In 2002, the guideline value was Rs 517 per sq.ft, which increased to Rs 750 per sq.ft in 2003. Following this, the value rose to Rs 1,100 per sq.ft in 2007, and then significantly jumped to Rs 4,500 per sq.ft in 2012. However, there was a decrease to Rs 3,015 per sq.ft in 2017. The most recent revision in 2024 sets the guideline value at Rs 4,950 per sq.ft, marking a 64% increase from the 2017 figure.

In summary, the changes between revisions show a fluctuation in values. The increase from 2002 to 2024 is a notable 857%, with the most significant jump occurring from 2007 to 2012 at 309%. It is important to note that there is no figure available for the year 2023 in the register for this street.

Guideline values in Valasaravakkam

In Valasaravakkam, there are a total of 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 for these streets is Rs 3,850 per sq.ft, indicating that the 2024 guideline value for AZHVAR THIRUNAGAR - Chinthamani Vinayagar Koil Street is above this median.

• AZHVAR THIRUNAGAR - Cheran Road: Rs 4,950 per sq.ft (2024)
• AZHVAR THIRUNAGAR - Chozan Street: Rs 4,950 per sq.ft (2024)
• AZHVAR THIRUNAGAR - Azhvar Thiru Nagar Anex: Rs 4,950 per sq.ft (2024)
• AZHVAR THIRUNAGAR - Elango Street: Rs 4,950 per sq.ft (2024)
• AZHVAR THIRUNAGAR - Azhvar Thiru Nagar 2nd Anex: Rs 4,950 per sq.ft (2024)
• AZHVAR THIRUNAGAR - Gandhi Road: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in AZHVAR THIRUNAGAR - Chinthamani Vinayagar Koil 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 stamp duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers AZHVAR THIRUNAGAR - Chinthamani Vinayagar Koil Street?

The AZHVAR THIRUNAGAR - Chinthamani Vinayagar Koil Street falls under the jurisdiction of the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. For further assistance, you can find your SRO.

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

The guideline value plays a crucial role during property transactions in Valasaravakkam. It is used to determine the stamp duty and registration fees that must be paid when a property is sold or purchased. Buyers and sellers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for anyone looking to buy or sell property in this area. It ensures that all parties are aware of the financial implications involved in the transaction, including the necessary fees that will be incurred during the registration process.

Frequently asked questions

What is the current guideline value for AZHVAR THIRUNAGAR - Chinthamani Vinayagar Koil Street?

The current guideline value for AZHVAR THIRUNAGAR - Chinthamani Vinayagar Koil 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 several times, starting from Rs 517 per sq.ft in 2002 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of 857% over the years.

What is the land classification for this street?

The land classification for AZHVAR THIRUNAGAR - Chinthamani Vinayagar Koil Street is Residential Class I Type - I.

Where can I find the Virugambakkam Sub Registrar Office?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total fee of Rs 4,45,500.