Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for CHINAMAYA NAGAR STAGE 2 - Maasi Street

₹4950/sq.ft.

The guideline value for Chinamaya Nagar Stage 2 - Maasi Street in Chenchery 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

Chenchery

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 ₹2100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹517 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹465 /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 Chinamaya Nagar Stage 2 - Maasi Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

CHINAMAYA NAGAR STAGE 2 - Maasi Street guideline value

The current guideline value of CHINAMAYA NAGAR STAGE 2 - Maasi Street is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Chenchery village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of CHINAMAYA NAGAR STAGE 2 - Maasi Street has changed

The guideline value for CHINAMAYA NAGAR STAGE 2 - Maasi Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 465 per sq.ft. This figure increased significantly to Rs 517 per sq.ft in 2003, marking an increase of 11%. The value continued to rise, reaching Rs 2,100 per sq.ft in 2007, which was a substantial increase of 306%. In 2012, the guideline value was Rs 4,500 per sq.ft, reflecting an increase of 114% from the previous revision.

From 2012 to 2017, the value decreased to Rs 3,015 per sq.ft, a reduction of 33%. However, it rebounded to Rs 4,500 per sq.ft in 2023, showing a significant increase of 49%. The latest revision in 2024 has set the guideline value at Rs 4,950 per sq.ft, which is a 10% increase from the previous year.

Guideline values in Chenchery

In Chenchery village, there are 44 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 7,700 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, placing the guideline value of CHINAMAYA NAGAR STAGE 2 - Maasi Street above this median.

Stamp duty and registration fee for property in CHINAMAYA NAGAR STAGE 2 - Maasi 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 cost together 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 on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers CHINAMAYA NAGAR STAGE 2 - Maasi Street?

The CHINAMAYA NAGAR STAGE 2 - Maasi Street is covered by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. For additional details, you can find your SRO.

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

The guideline value is a crucial factor during property registration in Chenchery. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value, as it impacts the applicable stamp duty and registration fees.

When a property is sold, the guideline value is used to calculate the stamp duty, which is charged at a percentage of either 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 CHINAMAYA NAGAR STAGE 2 - Maasi Street?

The current guideline value of CHINAMAYA NAGAR STAGE 2 - Maasi 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 from Rs 465 per sq.ft in 2002 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of 965% over the years.

What is the land classification for CHINAMAYA NAGAR STAGE 2 - Maasi Street?

The land classification for CHINAMAYA NAGAR STAGE 2 - Maasi Street is Residential Class I Type - I.

What are the stamp duty and registration fees for a property in this area?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 49,50,000. The stamp duty would be Rs 3,46,500, and the registration fee would be Rs 99,000, totaling Rs 4,45,500.

Where is the Sub Registrar Office for this street located?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037, and it covers CHINAMAYA NAGAR STAGE 2 - Maasi Street.