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

Guideline Value

Corporate

Guideline Value for CHINAMAYA NAGAR STAGE 2 - Vaikasi Street

₹4950/sq.ft.

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

The current guideline value for CHINAMAYA NAGAR STAGE 2 - Vaikasi 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 - Vaikasi Street has changed

The guideline value for CHINAMAYA NAGAR STAGE 2 - Vaikasi Street has seen significant changes over the years. In 2002, the guideline value was Rs 465 per sq.ft, which rose to Rs 517 per sq.ft in 2003, marking an increase of 11%. The value then experienced a substantial increase of 306% to reach Rs 2,100 per sq.ft in 2007. Following this, the value increased by 114% to Rs 4,500 per sq.ft in 2012. However, there was a decrease of 33% to Rs 3,015 per sq.ft in 2017. The value then increased by 49% to Rs 4,500 per sq.ft in 2023, and finally rose by 10% to the current value of Rs 4,950 per sq.ft in 2024.

There are no figures available for revisions in the years not mentioned above. The overall increase from 2002 to 2024 is 965%.

Guideline values in Chenchery

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

Stamp duty and registration fee for property in CHINAMAYA NAGAR STAGE 2 - Vaikasi Street

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

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

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

The Sub Registrar Office that covers CHINAMAYA NAGAR STAGE 2 - Vaikasi Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Chenchery. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is considered to ensure that the transaction is registered at a value that reflects the current market conditions. This helps maintain transparency and accuracy in property transactions within the area.

Frequently asked questions

What is the current guideline value for CHINAMAYA NAGAR STAGE 2 - Vaikasi Street?

The current guideline value for CHINAMAYA NAGAR STAGE 2 - Vaikasi Street is Rs 4,950 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 465 per sq.ft in 2002 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of 965% over this period.

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

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

Where can I find the registration office for this area?

The registration office for CHINAMAYA NAGAR STAGE 2 - Vaikasi Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 49,50,000, the stamp duty would be Rs 3,46,500 at a rate of 7%.