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Guideline Value

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Guideline Value for Azhvar Thirunagar Annex 3rd Main Road

₹5500/sq.ft.

The guideline value for Azhvar Thirunagar Annex 3rd 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 ₹1100 /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 Azhvar Thirunagar Annex 3rd Main Road

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Azhvar Thirunagar Annex 3rd Main Road guideline value

The current guideline value of Azhvar Thirunagar Annex 3rd Main Road is Rs 5,500 per sq.ft, effective from 1 July 2024. This road is located in Virugambakkam village and falls under the Virugambakkam SRO, classified as Residential Class II Type - I.

How the guideline value of Azhvar Thirunagar Annex 3rd Main Road has changed

The guideline value for Azhvar Thirunagar Annex 3rd Main Road has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 1,100 per sq.ft. This value increased significantly to Rs 5,000 per sq.ft in 2012, marking a 355% rise. However, it decreased to Rs 3,350 per sq.ft in 2017, a reduction of 33%. The value then increased to Rs 5,000 per sq.ft in 2023, followed by a further increase to Rs 5,500 per sq.ft in 2024, reflecting a 10% rise.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 400%. Notably, there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Virugambakkam

In Virugambakkam, there are 391 streets under the Virugambakkam SRO with 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 3rd Main Road above this median.

Stamp duty and registration fee for property in Azhvar Thirunagar Annex 3rd 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 would be 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 to Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Azhvar Thirunagar Annex 3rd Main Road?

The Azhvar Thirunagar Annex 3rd Main Road is covered by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process for property transactions in Virugambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a property is registered, the stamp duty is 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 3rd Main Road?

The current guideline value of Azhvar Thirunagar Annex 3rd 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, starting from Rs 1,100 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 400% over the years.

What are the guideline values for other streets in Virugambakkam?

Other streets in Virugambakkam have varying guideline values, with rates ranging from Rs 2,750 to Rs 13,200 per sq.ft. Azhvar Thirunagar Annex 3rd Main Road is above the median value of Rs 4,400 per sq.ft.

What is the stamp duty rate for properties in Azhvar Thirunagar Annex 3rd Main Road?

The stamp duty rate for properties in Azhvar Thirunagar Annex 3rd Main Road is 7%, which is calculated on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Azhvar Thirunagar Annex 3rd Main Road?

The Sub Registrar Office covering Azhvar Thirunagar Annex 3rd Main Road is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.