Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for AZHVAR THIRUNAGAR - Jawaharlal Nehru Street

₹4950/sq.ft.

The guideline value for Azhvar Thirunagar - Jawaharlal Nehru 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 ₹592 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹544 /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 - Jawaharlal Nehru Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

AZHVAR THIRUNAGAR - Jawaharlal Nehru Street guideline value

The current guideline value for AZHVAR THIRUNAGAR - Jawaharlal Nehru 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 - Jawaharlal Nehru Street has changed

The guideline value for AZHVAR THIRUNAGAR - Jawaharlal Nehru Street has undergone several revisions over the years. In 2002, the guideline value was Rs 544 per sq.ft, which increased to Rs 592 per sq.ft in 2003, marking a change of +9%. The value then rose to Rs 750 per sq.ft in 2007, reflecting an increase of +27%. Following this, the value saw a significant jump to Rs 4,500 per sq.ft in 2012, which was a +500% change. However, it decreased to Rs 3,015 per sq.ft in 2017, a drop of -33%. The value increased again to Rs 4,500 per sq.ft in 2023, and finally, it reached Rs 4,950 per sq.ft in the 2024 revision, showing an increase of +10% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +810%. There are no figures available for the revisions in the years not listed for this specific street.

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 - Jawaharlal Nehru Street above this median.

Stamp duty and registration fee for property in AZHVAR THIRUNAGAR - Jawaharlal Nehru 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 be Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, leading to a total of 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 further calculations.

Which Sub Registrar Office covers AZHVAR THIRUNAGAR - Jawaharlal Nehru Street?

The AZHVAR THIRUNAGAR - Jawaharlal Nehru 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 details.

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

The guideline value is a critical factor during the registration of property transactions in Valasaravakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction adheres to the regulations set forth by the Registration Department. This helps maintain transparency and uniformity in property transactions.

Frequently asked questions

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

The current guideline value for AZHVAR THIRUNAGAR - Jawaharlal Nehru 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 544 per sq.ft in 2002 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of +810% over the years.

What is the land classification for AZHVAR THIRUNAGAR - Jawaharlal Nehru Street?

AZHVAR THIRUNAGAR - Jawaharlal Nehru Street is classified as Residential Class I Type - I.

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

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

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 3,46,500.