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Guideline Value

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Guideline Value for CHINAMAYA NAGAR STAGE 2 - Ponguni Street

₹4950/sq.ft.

The guideline value for Chinamaya Nagar Stage 2 - Ponguni 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 - Ponguni Street

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CHINAMAYA NAGAR STAGE 2 - Ponguni Street guideline value

The current guideline value for CHINAMAYA NAGAR STAGE 2 - Ponguni 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, classified as Residential Class I Type - I.

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

The guideline value for CHINAMAYA NAGAR STAGE 2 - Ponguni Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 465 per sq.ft. This increased to Rs 517 per sq.ft in 2003, marking an increase of 11%. The value then surged significantly to Rs 2,100 per sq.ft in 2007, which was a remarkable increase of 306%. Following this, the value was revised to Rs 4,500 per sq.ft in 2012, resulting in a decrease of 33% from the previous figure. In 2017, the value rose to Rs 3,015 per sq.ft, which was a 49% increase. The most recent revision in 2023 set the value at Rs 4,500 per sq.ft, and it has now increased by 10% to Rs 4,950 per sq.ft in 2024.

It is important to note that there are no figures available for the years not mentioned in this register for CHINAMAYA NAGAR STAGE 2 - Ponguni Street.

Guideline values in Chenchery

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

Stamp duty and registration fee for property in CHINAMAYA NAGAR STAGE 2 - Ponguni 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, making the total cost for these fees 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 CHINAMAYA NAGAR STAGE 2 - Ponguni Street?

CHINAMAYA NAGAR STAGE 2 - Ponguni Street 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 Chenchery

The guideline value is a crucial factor when registering property in Chenchery. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid during the transaction. The guideline value ensures that the property is valued appropriately for legal and taxation purposes.

When buying or selling property, the guideline value helps in determining the minimum value at which a property can be registered. This value is set by the government and is used to prevent undervaluation of properties during transactions.

Frequently asked questions

What is the current guideline value of CHINAMAYA NAGAR STAGE 2 - Ponguni Street?

The current guideline value for CHINAMAYA NAGAR STAGE 2 - Ponguni 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 are the stamp duty and registration fees for properties in this area?

For a property valued at 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.

Which Sub Registrar Office covers this street?

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

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

CHINAMAYA NAGAR STAGE 2 - Ponguni Street is classified as Residential Class I Type - I.