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Guideline Value

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Guideline Value for AZHVAR THIRUNAGAR - Nakkeeran Street

₹4950/sq.ft.

The guideline value for Azhvar Thirunagar - Nakkeeran 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 ₹589 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹542 /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 - Nakkeeran Street

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AZHVAR THIRUNAGAR - Nakkeeran Street guideline value

The current guideline value for AZHVAR THIRUNAGAR - Nakkeeran 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 is classified as Residential Class I Type - I.

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

The guideline value for AZHVAR THIRUNAGAR - Nakkeeran Street has seen significant changes over the years. The earliest recorded figure is from 2002, which was Rs 542 per sq.ft. This increased to Rs 589 per sq.ft in 2003, marking a 9% rise. The value then continued to grow, reaching Rs 750 per sq.ft in 2007, a notable increase of 27%. Following this, there was a substantial jump to Rs 4,500 per sq.ft in 2012, which represented a 500% increase. However, the value decreased to Rs 3,015 per sq.ft by 2017, showing a decline of 33%. The most recent revisions show that the value was Rs 4,500 per sq.ft in 2023, and it has now risen to Rs 4,950 per sq.ft in 2024, reflecting a 10% increase.

Overall, from 2002 to 2024, the guideline value for this street has increased by 813%. There are no figures available for the revisions in the years not mentioned in the register for this 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 for these streets is Rs 3,850 per sq.ft, placing AZHVAR THIRUNAGAR - Nakkeeran Street above this median at Rs 4,950 per sq.ft.

Stamp duty and registration fee for property in AZHVAR THIRUNAGAR - Nakkeeran 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, 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 and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers AZHVAR THIRUNAGAR - Nakkeeran Street?

The Sub Registrar Office that covers AZHVAR THIRUNAGAR - Nakkeeran 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 information.

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

The guideline value is a crucial factor during the registration of property transactions in Valasaravakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the registration process reflects the true value of the property being transferred.

Frequently asked questions

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

The current guideline value for AZHVAR THIRUNAGAR - Nakkeeran 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 542 per sq.ft in 2002 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of 813% over this period.

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 property registrations for this street?

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

What is the median guideline value in Valasaravakkam?

The median guideline value for streets in Valasaravakkam is Rs 3,850 per sq.ft, with AZHVAR THIRUNAGAR - Nakkeeran Street's value being above this median at Rs 4,950 per sq.ft.