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Guideline Value

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Guideline Value for AZHVAR THIRUNAGAR - Seran Street

₹4950/sq.ft.

The guideline value for Azhvar Thirunagar - Seran 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 N/A
From 1-4-2002 To 31-3-2003 N/A
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 - Seran Street

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AZHVAR THIRUNAGAR - Seran Street guideline value

The current guideline value for AZHVAR THIRUNAGAR - Seran 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 - Seran Street has changed

The guideline value for AZHVAR THIRUNAGAR - Seran Street has seen several revisions over the years. In 2007, the value was Rs 750 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012, marking a 500% rise. However, the value dropped to Rs 3,015 per sq.ft in 2017, a decrease of 33%. The value then rose to Rs 4,500 per sq.ft in 2023, followed by a further increase to Rs 4,950 per sq.ft in 2024, reflecting a 10% rise.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, the guideline value has increased by 560% from Rs 750 per sq.ft in 2007 to Rs 4,950 per sq.ft in 2024.

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 is Rs 3,850 per sq.ft, making the 2024 figure for AZHVAR THIRUNAGAR - Seran Street above this median.

Stamp duty and registration fee for property in AZHVAR THIRUNAGAR - Seran 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 to 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers AZHVAR THIRUNAGAR - Seran Street?

The AZHVAR THIRUNAGAR - Seran Street falls under 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 calculating the stamp duty and registration fees, ensuring that these costs are based on the official valuation rather than the sale price.

When buying or selling property, it is essential to be aware of the current guideline value, as it affects the total cost involved in the transaction. This ensures transparency and compliance with local regulations during the property registration process.

Frequently asked questions

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

The current guideline value for AZHVAR THIRUNAGAR - Seran 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 750 per sq.ft in 2007 to Rs 4,950 per sq.ft in 2024, marking an overall increase of 560% across the revisions.

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

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

Where can I find the Virugambakkam Sub Registrar Office?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

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

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.