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Guideline Value

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Guideline Value for AZHVAR THIRUNAGAR - Elango Street

₹4950/sq.ft.

The guideline value for Azhvar Thirunagar - Elango Street 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 ₹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 ₹607 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹558 /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 - Elango Street

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AZHVAR THIRUNAGAR - Elango Street guideline value

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

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

Since the 2002 revision, the guideline value for AZHVAR THIRUNAGAR - Elango Street has seen significant changes. In 2002, the value was Rs 558 per sq.ft, which increased to Rs 607 per sq.ft in 2003, marking a 9% rise. The value then rose to Rs 750 per sq.ft in 2007, a 24% increase. The 2012 revision saw a substantial jump to Rs 4,500 per sq.ft, reflecting a 500% increase. However, in 2017, the value decreased to Rs 3,015 per sq.ft, a drop of 33%. The 2023 revision brought the value back up to Rs 4,500 per sq.ft, and the latest revision in 2024 set the value at Rs 4,950 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 787%. The register has no figures for revisions in years other than those listed.

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 guideline value in this area is Rs 3,850 per sq.ft, positioning AZHVAR THIRUNAGAR - Elango Street above this median.

Stamp duty and registration fee for property in AZHVAR THIRUNAGAR - Elango 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, and the registration fee at 2% would be Rs 99,000, bringing the total fees to Rs 4,45,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers AZHVAR THIRUNAGAR - Elango Street?

The Sub Registrar Office that covers AZHVAR THIRUNAGAR - Elango Street is 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 in property transactions in Valasaravakkam. It is the benchmark used to determine the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it affects the registration process.

During registration, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of AZHVAR THIRUNAGAR - Elango Street?

The current guideline value of AZHVAR THIRUNAGAR - Elango 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 558 per sq.ft in 2002 to Rs 4,950 per sq.ft in 2024, marking an overall increase of 787% over this period.

What is the land classification for AZHVAR THIRUNAGAR - Elango Street?

The land classification for AZHVAR THIRUNAGAR - Elango Street is Residential Class I Type - I.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for AZHVAR THIRUNAGAR - Elango Street is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What are the stamp duty and registration fees for a 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.