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Guideline Value for Arcot Road (Door No's134 And 134a) New Door No 140

₹13200/sq.ft.effective 1 July 2024

Chennai zone Virugambakkam village Virugambakkam SRO Mixed Type - I

The guideline value for Arcot Road (door No's134 And 134a) New Door No 140 in Virugambakkam village (Virugambakkam SRO, Chennai zone) is Rs 13200 per sq.ft, effective 1 July 2024. It was Rs 12000 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Type - I. Source: TNReginet guideline value register.

Last updated:

History
Period Guideline Value
From 1-7-2024 ₹13200 /sq.ft.
From 1-4-2023 ₹12000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹8040 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹12000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹5000 /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 Arcot Road (door No's134 And 134a) New Door No 140

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Arcot Road (Door No's134 and 134A) New Door No 140 guideline value

The current guideline value for Arcot Road (Door No's134 and 134A) New Door No 140 is Rs 13,200 per sq.ft, effective from 1 July 2024. This property is located in Virugambakkam village, under the Virugambakkam SRO, and is classified as Mixed Type - I land.

How the guideline value of Arcot Road (Door No's134 and 134A) New Door No 140 has changed

The guideline value for this property has seen several revisions over the years. In the 2007 revision, the value was set at Rs 5,000 per sq.ft. This increased significantly to Rs 12,000 per sq.ft in the 2012 revision, but then decreased to Rs 8,040 per sq.ft in the 2017 revision. The 2023 revision saw a substantial increase to Rs 12,000 per sq.ft, followed by the current 2024 revision which raised it to Rs 13,200 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 164%. 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 Arcot Road (Door No's134 and 134A) New Door No 140 is above this median.

Stamp duty and registration fee for property in Arcot Road (Door No's134 and 134A) New Door No 140

For a 1,000 sq.ft plot at the current guideline value of Rs 13,200 per sq.ft, the total guideline value would be Rs 1,32,00,000. The stamp duty at 7% would amount to Rs 9,24,000, and the registration fee at 2% would be Rs 2,64,000, totaling Rs 11,88,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arcot Road (Door No's134 and 134A) New Door No 140?

The Sub Registrar Office that covers Arcot Road (Door No's134 and 134A) New Door No 140 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 is a crucial factor in the registration process of property transactions in Virugambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the fair value of the property in question. It also aids in calculating the applicable fees, making it an essential component of the real estate transaction process.

Frequently asked questions

What is the current guideline value for Arcot Road (Door No's134 and 134A) New Door No 140?

The current guideline value for Arcot Road (Door No's134 and 134A) New Door No 140 is Rs 13,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 5,000 per sq.ft in 2007 to Rs 13,200 per sq.ft in 2024, marking an overall increase of 164% over the years.

What is the registration fee for properties in this area?

The registration fee is calculated at 2% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 1,32,00,000, the registration fee would be Rs 2,64,000.

What is the stamp duty rate applicable?

The stamp duty rate applicable in this area is 7%. For a property valued at Rs 1,32,00,000, the stamp duty would amount to Rs 9,24,000.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the Virugambakkam Sub Registrar Office located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. For more details, you can use the find your SRO link.