Guideline Value

Corporate

Guideline Value for Arcot Road (Others)

₹13200/sq.ft.

The guideline value for Arcot Road (others) 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:

Chennai

Zone

Virugambakkam

Village

Virugambakkam

SRO

Mixed Type - I
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 ₹2650 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1500 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1085 /sq.ft.
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 (others)

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Arcot Road (Others) guideline value

The current guideline value of Arcot Road (Others) is Rs 13,200 per sq.ft. This area is located in Virugambakkam village, under the jurisdiction of the Virugambakkam SRO, and is classified as Mixed Type - I land.

How the guideline value of Arcot Road (Others) has changed

The guideline value for Arcot Road (Others) has undergone several revisions over the years. Starting with the 2002 revision, the value was set at Rs 1,085 per sq.ft. This increased to Rs 1,500 per sq.ft in 2003, marking a rise of 38%. The value saw a significant jump to Rs 2,650 per sq.ft in 2007, which was a 77% increase. The next revision in 2012 brought the value back down to Rs 12,000 per sq.ft, a decrease of 33%. This was followed by another increase to Rs 8,040 per sq.ft in 2017, representing a 49% rise. The most recent revision in 2023 set the value at Rs 12,000 per sq.ft, and as of July 1, 2024, it is now Rs 13,200 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the years not mentioned in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 1117%.

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. The median value for these streets is Rs 4,400 per sq.ft, placing Arcot Road (Others) above this median.

Stamp duty and registration fee for property in Arcot Road (Others)

For a 1,000 sq.ft plot at the current guideline value of Rs 13,200 per sq.ft, the total guideline value amounts to Rs 1,32,00,000. The stamp duty at 7% would be Rs 9,24,000, and the registration fee at 2% would be Rs 2,64,000, bringing the total to 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 more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arcot Road (Others)?

The Sub Registrar Office that covers Arcot Road (Others) 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 when registering property in Virugambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are necessary for the legal transfer of ownership. Buyers should be aware of the current guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Arcot Road (Others)?

The current guideline value of Arcot Road (Others) is Rs 13,200 per sq.ft as of the 2024 revision.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,085 per sq.ft in 2002 to Rs 13,200 per sq.ft in 2024, showing a significant overall increase of 1117%.

What is the land classification for Arcot Road (Others)?

Arcot Road (Others) is classified as Mixed Type - I land, indicating a diverse use of the area.

Where can I find the registration office for properties in Arcot Road (Others)?

The registration office for properties in Arcot Road (Others) is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in Arcot Road (Others)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 9,24,000.