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Guideline Value

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Guideline Value for Azhvarthirunagar Annexe 2nd Street

₹4950/sq.ft.

The guideline value for Azhvarthirunagar Annexe 2nd Street 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 2nd Street

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Azhvarthirunagar Annexe 2nd Street guideline value

The current guideline value of Azhvarthirunagar Annexe 2nd Street is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village, under the Virugambakkam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Azhvarthirunagar Annexe 2nd Street has changed

Over the years, the guideline value for Azhvarthirunagar Annexe 2nd Street has seen several revisions. The 2012 revision set the value at Rs 4,500 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 3,015 per sq.ft. The 2023 revision increased the value to Rs 4,500 per sq.ft, and the most recent 2024 revision raised it further to Rs 4,950 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%, bringing the value from Rs 3,015 per sq.ft to Rs 4,500 per sq.ft. Overall, from 2012 to 2024, the guideline value has increased by 10%, reflecting the changes in the property landscape.

Guideline values in Valasaravakkam

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

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

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 and the sale price.

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

Which Sub Registrar Office covers Azhvarthirunagar Annexe 2nd Street?

The Sub Registrar Office that covers Azhvarthirunagar Annexe 2nd Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Valasaravakkam. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is legally compliant.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. Understanding these values can help in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Azhvarthirunagar Annexe 2nd Street?

The current guideline value of Azhvarthirunagar Annexe 2nd Street 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 changed significantly, from Rs 4,500 per sq.ft in 2012 to Rs 4,950 per sq.ft in 2024, with various revisions in between. The most notable increase was a 49% rise from 2017 to 2023.

What is the land classification for Azhvarthirunagar Annexe 2nd Street?

Azhvarthirunagar Annexe 2nd Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total of Rs 4,45,500 in charges.

Which Sub Registrar Office covers this area?

The Virugambakkam Sub Registrar Office covers Azhvarthirunagar Annexe 2nd Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.