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Guideline Value

Corporate

Guideline Value for Azhvarthirunagar Annexe 2 nd Main Road

₹4950/sq.ft.

The guideline value for Azhvarthirunagar Annexe 2 Nd Main Road in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 4950 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Valasaravakkam

Village

Virugambakkam

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹4950 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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 Azhvarthirunagar Annexe 2 Nd Main Road

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Azhvarthirunagar Annexe 2 nd Main Road guideline value

The current guideline value of Azhvarthirunagar Annexe 2 nd Main Road is Rs 4,950 per sq.ft, effective from 1 July 2024. This property is located in Valasaravakkam village, under the Virugambakkam SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of Azhvarthirunagar Annexe 2 nd Main Road has changed

The guideline value of Azhvarthirunagar Annexe 2 nd Main Road has undergone several revisions over the years. The 2012 revision recorded a value of Rs 4,500 per sq.ft, which was a decrease of 33% from the previous revision in 2017, where the value was Rs 3,015 per sq.ft. The 2023 revision set the value at Rs 4,500 per sq.ft, which then increased by 10% to Rs 4,950 per sq.ft in the 2024 revision.

Notably, there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO with a 2024 guideline value ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,850 per sq.ft, making Azhvarthirunagar Annexe 2 nd Main Road's 2024 figure above the median.

Stamp duty and registration fee for property in Azhvarthirunagar Annexe 2 nd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value amounts to Rs 49,50,000. The stamp duty at 7% would be Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, bringing the total charges to Rs 4,45,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Azhvarthirunagar Annexe 2 nd Main Road?

The Azhvarthirunagar Annexe 2 nd Main Road falls under the jurisdiction of 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 Valasaravakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Valasaravakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction.

Frequently asked questions

What is the current guideline value for Azhvarthirunagar Annexe 2 nd Main Road?

The current guideline value for Azhvarthirunagar Annexe 2 nd Main Road is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent being an increase from Rs 4,500 per sq.ft in 2023 to Rs 4,950 per sq.ft in 2024, a change of 10%. Overall, from 2012 to 2024, it has increased by 10%.

What is the stamp duty rate for properties in Azhvarthirunagar Annexe 2 nd Main Road?

The stamp duty rate for properties in Azhvarthirunagar Annexe 2 nd Main Road is 7% of the guideline value or the sale price, whichever is higher.

Where is the Virugambakkam Sub Registrar Office located?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the median guideline value for streets in Valasaravakkam?

The median guideline value for streets in Valasaravakkam is Rs 3,850 per sq.ft, with Azhvarthirunagar Annexe 2 nd Main Road's guideline value being above this median.