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Guideline Value

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Guideline Value for AZHVAR THIRUNAGAR - Pandian Street

₹4950/sq.ft.

The guideline value for Azhvar Thirunagar - Pandian 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 ₹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 - Pandian Street

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AZHVAR THIRUNAGAR - Pandian Street guideline value

The current guideline value of AZHVAR THIRUNAGAR - Pandian Street 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 - Pandian Street has changed

The guideline value for AZHVAR THIRUNAGAR - Pandian Street has seen several revisions over the years. In 2002, the guideline value was Rs 517 per sq.ft. This figure increased to Rs 562 per sq.ft in 2003, marking a 9% rise. By 2007, the value had significantly increased to Rs 750 per sq.ft, reflecting a 33% increase from the previous revision. The 2012 revision saw the value rise to Rs 4,500 per sq.ft, which was a substantial 500% increase from 2007. However, in 2017, the value dropped to Rs 3,015 per sq.ft, a decrease of 33%.

In 2023, the guideline value was revised to Rs 4,500 per sq.ft, showing a significant increase of 49% from the 2017 figure. The most recent revision in 2024 set the guideline value at Rs 4,950 per sq.ft, reflecting a 10% increase from the previous year. There are no figures available for revisions in years not listed in the register.

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, placing AZHVAR THIRUNAGAR - Pandian Street above this median value.

Stamp duty and registration fee for property in AZHVAR THIRUNAGAR - Pandian 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. Together, these fees amount 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 - Pandian Street?

The AZHVAR THIRUNAGAR - Pandian Street 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 a critical component in the property registration process in Valasaravakkam. It serves as a benchmark for determining stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue during property transactions.

When buying or selling property, it is essential to be aware of the current guideline value as it directly impacts the costs involved in the registration process. Buyers should ensure that they are informed about the guideline value to avoid any surprises during the transaction.

Frequently asked questions

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

The current guideline value of AZHVAR THIRUNAGAR - Pandian 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 from Rs 517 per sq.ft in 2002 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of 857% over the years.

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

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

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

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, 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.