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

Guideline Value

Corporate

Guideline Value for Aranganadannagar / Narayanasamy 2nd Cross Street

₹2750/sq.ft.

The guideline value for Aranganadannagar / Narayanasamy 2nd 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 2nd Cross 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

Aranganadannagar / Narayanasamy 2nd Cross Street guideline value

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

How the guideline value of Aranganadannagar / Narayanasamy 2nd Cross Street has changed

The guideline value for Aranganadannagar / Narayanasamy 2nd Cross Street has seen significant changes over the years. In the 2007 revision, the value was Rs 500 per sq.ft, which increased to Rs 2,500 per sq.ft in 2012, marking a 400% rise. However, in the 2017 revision, the value decreased to Rs 1,675 per sq.ft, a drop of 33%. The value then rose to Rs 2,500 per sq.ft in the 2023 revision, followed by a further increase to Rs 2,750 per sq.ft in 2024, reflecting a 10% change.

From the 2017 revision to the 2023 revision, the value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 450%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Virugambakkam

In Virugambakkam, there are 391 streets under the Virugambakkam SRO 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 2nd Cross Street is below this median.

Stamp duty and registration fee for property in Aranganadannagar / Narayanasamy 2nd Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Aranganadannagar / Narayanasamy 2nd Cross Street?

The Sub Registrar Office that covers Aranganadannagar / Narayanasamy 2nd 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

The guideline value plays a crucial role during property registration in Virugambakkam. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. The fees are calculated based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

When you engage in a property transaction, it is essential to be aware of the guideline value as it directly impacts the costs involved. Buyers and sellers should consider this value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Aranganadannagar / Narayanasamy 2nd Cross Street?

The current guideline value of Aranganadannagar / Narayanasamy 2nd 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 significantly, starting from Rs 500 per sq.ft in 2007, increasing to Rs 2,750 per sq.ft in 2024. The highest increase was noted between 2007 and 2012, where it rose by 400%.

What is the land classification for this area?

The land classification for Aranganadannagar / Narayanasamy 2nd Cross Street is Residential Class IV Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7%, while the registration fee is 2% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 2,47,500.

Which Sub Registrar Office covers this street?

The Virugambakkam Sub Registrar Office covers Aranganadannagar / Narayanasamy 2nd Cross Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.