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Guideline Value

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Guideline Value for Aranganadannagar / Narayanasamy 5th Cross Street

₹2750/sq.ft.

The guideline value for Aranganadannagar / Narayanasamy 5th 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 5th Cross Street

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Aranganadannagar / Narayanasamy 5th Cross Street guideline value

The current guideline value for Aranganadannagar / Narayanasamy 5th 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 is classified as Residential Class IV Type - II.

How the guideline value of Aranganadannagar / Narayanasamy 5th Cross Street has changed

The guideline value for Aranganadannagar / Narayanasamy 5th Cross Street has seen several revisions over the years. In 2007, the value was Rs 500 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012, marking a 400% rise. However, it then decreased to Rs 1,675 per sq.ft in 2017, a drop of 33%. The value then increased again to Rs 2,500 per sq.ft in 2023, and currently stands at Rs 2,750 per sq.ft as of the 2024 revision, reflecting a 10% increase from the previous year. 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, with guideline values ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median value is Rs 4,400 per sq.ft, placing the 2024 guideline value of Aranganadannagar / Narayanasamy 5th Cross Street below this median.

Stamp duty and registration fee for property in Aranganadannagar / Narayanasamy 5th 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, while the registration fee at 2% would be Rs 55,000, bringing the total cost to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Aranganadannagar / Narayanasamy 5th Cross Street?

The Sub Registrar Office that covers Aranganadannagar / Narayanasamy 5th Cross Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, you can visit find your SRO.

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

When buying or selling property in Virugambakkam, the guideline value plays a crucial role during the registration process. It serves as a reference point for determining the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

The guideline value is essential for both buyers and sellers, as it helps in understanding the official value of the property. During registration, the higher value between the guideline value and the sale price is used to calculate applicable duties and fees.

Frequently asked questions

What is the current guideline value for Aranganadannagar / Narayanasamy 5th Cross Street?

The current guideline value for Aranganadannagar / Narayanasamy 5th 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, reflecting an overall increase of 450% over the years.

What are the other streets with the same guideline value in Virugambakkam?

Other streets in Virugambakkam with the same guideline value of Rs 2,750 per sq.ft include Aranganadannagar / Narayanasamy 4th Cross Street, 6th Cross Street, 3rd Cross Street, Lane, 2nd Cross Street, and Street.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Aranganadannagar / Narayanasamy 5th Cross Street is 7% of the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office covering Aranganadannagar / Narayanasamy 5th Cross Street is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.