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Guideline Value

Corporate

Guideline Value for Aranganadannagar / Narayanasamy 1st Cross Street

₹2750/sq.ft.

The guideline value for Aranganadannagar / Narayanasamy 1st Cross Street in Virugambakkam village (Virugambakkam SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Virugambakkam

Village

Virugambakkam

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /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 Aranganadannagar / Narayanasamy 1st Cross Street

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Aranganadannagar / Narayanasamy 1st Cross Street guideline value

The current guideline value for Aranganadannagar / Narayanasamy 1st Cross Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Virugambakkam village under the Virugambakkam SRO, and it falls under the Residential Class IV Type - II land classification.

How the guideline value of Aranganadannagar / Narayanasamy 1st Cross Street has changed

The guideline value for Aranganadannagar / Narayanasamy 1st Cross Street has undergone several revisions over the years. Starting from the 2007 revision, the value was Rs 500 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in the 2012 revision, marking a 400% rise. However, the value saw a decrease to Rs 1,675 per sq.ft in the 2017 revision, which was a 33% drop. By the 2023 revision, the value rose to Rs 2,500 per sq.ft, and in the latest 2024 revision, it increased by 10% to reach Rs 2,750 per sq.ft.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Virugambakkam

In Virugambakkam, there are 391 streets that carry a 2024 guideline value, ranging from Rs 2,750 to Rs 13,200 per sq.ft, with a median value of Rs 4,400 per sq.ft. The guideline value for Aranganadannagar / Narayanasamy 1st Cross Street is below this median.

Stamp duty and registration fee for property in Aranganadannagar / Narayanasamy 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, making the total fees Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Aranganadannagar / Narayanasamy 1st Cross Street?

The Sub Registrar Office covering Aranganadannagar / Narayanasamy 1st Cross 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 Virugambakkam

When buying or selling property in Virugambakkam, the guideline value is a crucial factor during the registration process. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on a standard value set by the government.

Buyers and sellers should be aware that the guideline value is used to assess the minimum value of the property for registration purposes. This means that if the sale price is lower than the guideline value, the buyer will still need to pay duty based on the guideline value.

Frequently asked questions

What is the current guideline value for Aranganadannagar / Narayanasamy 1st Cross Street?

The current guideline value for Aranganadannagar / Narayanasamy 1st Cross Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 450% over the years.

What is the land classification for this street?

Aranganadannagar / Narayanasamy 1st Cross Street falls under the Residential Class IV Type - II land classification.

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

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

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 27,50,000 would incur a stamp duty of Rs 1,92,500 at 7%.