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Guideline Value

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Guideline Value for AZHVAR THIRUNAGAR - Chozan Street

₹4950/sq.ft.

The guideline value for Azhvar Thirunagar - Chozan Street 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 ₹3015 /sq.ft.
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 ₹562 /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 - Chozan Street

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AZHVAR THIRUNAGAR - Chozan Street guideline value

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

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

The guideline value for AZHVAR THIRUNAGAR - Chozan Street has experienced several revisions over the years. Starting from the 2002 revision, the value was Rs 517 per sq.ft. It increased to Rs 562 per sq.ft in 2003, marking a 9% rise. The value then saw a significant jump to Rs 750 per sq.ft in 2007, an increase of 33%. Following that, the 2012 revision set the value at Rs 4,500 per sq.ft, reflecting a substantial 500% increase from the previous figure. However, the 2017 revision saw a decrease to Rs 3,015 per sq.ft, a drop of 33% from 2012. The most recent revision in 2024 has raised the guideline value to Rs 4,950 per sq.ft, representing a 64% increase from 2017.

It is important to note that there is no guideline value figure for the year 2023 for this street. 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 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, placing AZHVAR THIRUNAGAR - Chozan Street's 2024 figure above that median.

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

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, while the registration fee at 2% would be Rs 99,000, bringing the total cost together 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers AZHVAR THIRUNAGAR - Chozan Street?

The AZHVAR THIRUNAGAR - Chozan Street 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 information.

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

When buying or selling property in Valasaravakkam, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value serves as a benchmark for the minimum value at which the property can be registered, ensuring that the transaction is recorded accurately in the official registry.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. Understanding this value can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value for AZHVAR THIRUNAGAR - Chozan Street?

The current guideline value for AZHVAR THIRUNAGAR - Chozan 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 significantly from Rs 517 per sq.ft in 2002 to Rs 4,950 per sq.ft in 2024, marking an overall increase of 857% over this period.

What is the median guideline value in Valasaravakkam?

The median guideline value in Valasaravakkam is Rs 3,850 per sq.ft, with AZHVAR THIRUNAGAR - Chozan Street's 2024 figure being above this median.

What are the stamp duty and registration fees for property 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. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for AZHVAR THIRUNAGAR - Chozan Street?

The Sub Registrar Office covering AZHVAR THIRUNAGAR - Chozan Street is the Virugambakkam SRO, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.