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Guideline Value

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Guideline Value for Azhvar Thirunagar Annex 1st Main Road

₹5500/sq.ft.

The guideline value for Azhvar Thirunagar Annex 1st Main Road in Virugambakkam village (Virugambakkam SRO, Chennai zone) is Rs 5500 per sq.ft, effective 1 July 2024. It was Rs 5000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Virugambakkam

Village

Virugambakkam

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹5500 /sq.ft.
From 1-4-2023 ₹5000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3350 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1710 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹682 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹616 /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 Azhvar Thirunagar Annex 1st Main Road

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Azhvar Thirunagar Annex 1st Main Road guideline value

The current guideline value of Azhvar Thirunagar Annex 1st Main Road is Rs 5,500 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 II Type - I.

How the guideline value of Azhvar Thirunagar Annex 1st Main Road has changed

The guideline value for Azhvar Thirunagar Annex 1st Main Road has seen several revisions over the years. Starting from Rs 616 per sq.ft in 2002, the value increased to Rs 682 per sq.ft in 2003, marking an 11% rise. In 2007, the value jumped significantly to Rs 1,710 per sq.ft, reflecting a 151% increase. The 2012 revision recorded a decrease to Rs 5,000 per sq.ft, which was a 33% drop from the previous figure. However, the value rebounded to Rs 3,350 per sq.ft in 2017, showing a 49% increase. The guideline value further increased to Rs 5,000 per sq.ft in 2023, and the most recent revision in 2024 sets it at Rs 5,500 per sq.ft, marking a 10% increase.

There are no figures available for the revisions between 2002 and 2007 except for the values mentioned. Overall, from 2002 to 2024, the guideline value has increased by 793%.

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 guideline value is Rs 4,400 per sq.ft, placing Azhvar Thirunagar Annex 1st Main Road above this median.

Stamp duty and registration fee for property in Azhvar Thirunagar Annex 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total fees to Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Azhvar Thirunagar Annex 1st Main Road?

The Sub Registrar Office that covers Azhvar Thirunagar Annex 1st Main Road 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 transactions in Virugambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

When you buy or sell a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Azhvar Thirunagar Annex 1st Main Road?

The current guideline value of Azhvar Thirunagar Annex 1st Main Road is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 616 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 793% over the years.

What is the land classification for Azhvar Thirunagar Annex 1st Main Road?

Azhvar Thirunagar Annex 1st Main Road is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Azhvar Thirunagar Annex 1st Main Road?

The Sub Registrar Office for Azhvar Thirunagar Annex 1st Main Road 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 Virugambakkam?

Stamp duty for properties in Virugambakkam is calculated based on the higher of the guideline value or the sale price. The current rate is 7% for stamp duty and 2% for the registration fee.