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Guideline Value

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Guideline Value for AZHVAR THIRUNAGAR - Indra Gandhi Road

₹4950/sq.ft.

The guideline value for Azhvar Thirunagar - Indra Gandhi Road 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 ₹800 /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 - Indra Gandhi Road

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AZHVAR THIRUNAGAR - Indra Gandhi Road guideline value

The current guideline value for AZHVAR THIRUNAGAR - Indra Gandhi Road 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 - Indra Gandhi Road has changed

The guideline value for AZHVAR THIRUNAGAR - Indra Gandhi Road has seen several revisions over the years. In 2002, the guideline value was Rs 517 per sq.ft. This increased to Rs 562 per sq.ft in 2003, marking a 9% rise. The value then rose to Rs 800 per sq.ft in 2007, which was a significant increase of 42%. By 2012, the value reached Rs 4,500 per sq.ft, reflecting a substantial jump of 463%. However, it experienced a decrease of 33% to Rs 3,015 per sq.ft in 2017. The value then increased to Rs 4,500 per sq.ft in 2023, before reaching the current figure of Rs 4,950 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 857%. The register has no figures for the revisions in years other than those specified.

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 - Indra Gandhi Road is above this median.

Stamp duty and registration fee for property in AZHVAR THIRUNAGAR - Indra Gandhi 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 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers AZHVAR THIRUNAGAR - Indra Gandhi Road?

The AZHVAR THIRUNAGAR - Indra Gandhi Road is covered by 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

The guideline value is an important factor when registering property transactions in Valasaravakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This means that both buyers and sellers should be aware of the current guideline value to understand the financial implications of their transactions.

Frequently asked questions

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

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

What is the land classification for AZHVAR THIRUNAGAR - Indra Gandhi Road?

The land classification for AZHVAR THIRUNAGAR - Indra Gandhi Road is Residential Class I Type - I.

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.

Which office handles registrations for AZHVAR THIRUNAGAR - Indra Gandhi Road?

The Virugambakkam Sub Registrar Office handles registrations for AZHVAR THIRUNAGAR - Indra Gandhi Road, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.