Guideline Value

Corporate

Guideline Value for Chokkanathan Nagar 4th Street

₹3050/sq.ft.

The guideline value for Chokkanathan Nagar 4th Street in Maduravoyal village (Virugambakkam SRO, Chennai zone) is Rs 3050 per sq.ft, effective 1 July 2024. It was Rs 2750 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Maduravoyal

Village

Virugambakkam

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹3050 /sq.ft.
From 1-4-2023 ₹2750 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1842 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2750 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹282 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹257 /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 Chokkanathan Nagar 4th Street

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Chokkanathan Nagar 4th Street guideline value

The current guideline value of Chokkanathan Nagar 4th Street is Rs 3,050 per sq.ft, effective from 1 July 2024. This street is located in Maduravoyal village, under the Virugambakkam SRO, and is classified as Residential Class III Type - I.

How the guideline value of Chokkanathan Nagar 4th Street has changed

The guideline value for Chokkanathan Nagar 4th Street has undergone several revisions over the years. In 2002, the value was Rs 257 per sq.ft. This increased to Rs 282 per sq.ft in 2003, marking a 10% rise. The value saw a significant jump to Rs 400 per sq.ft in 2007, an increase of 42%. The subsequent revision in 2012 brought the value down to Rs 2,750 per sq.ft, a decrease of 588% from the previous figure. In 2017, the value increased to Rs 1,842 per sq.ft, reflecting a 49% rise. The most recent revision in 2023 set the value at Rs 2,750 per sq.ft, before reaching the current value of Rs 3,050 per sq.ft in 2024, which is an 11% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1,087%. There are no figures available for the years not listed in the register for this street.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 6,050 per sq.ft. The median value for these streets is Rs 3,050 per sq.ft, which is the same as the current guideline value for Chokkanathan Nagar 4th Street.

Stamp duty and registration fee for property in Chokkanathan Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,050 per sq.ft, the total guideline value amounts to Rs 30,50,000. The stamp duty, charged at 7%, would be Rs 2,13,500, while the registration fee at 2% would be Rs 61,000. The total cost for these fees would be Rs 2,74,500. 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 Chokkanathan Nagar 4th Street?

The Sub Registrar Office that covers Chokkanathan Nagar 4th 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 more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Maduravoyal. When a property is registered, the guideline value is used to determine the applicable stamp duty and registration fees. This ensures that the government receives the correct revenue based on the property's assessed value.

Buyers and sellers must be aware that the guideline value can differ significantly between different streets and areas. It is advisable to check the current guideline value before proceeding with any property transactions to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Chokkanathan Nagar 4th Street?

The current guideline value of Chokkanathan Nagar 4th Street is Rs 3,050 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 257 per sq.ft in 2002 to Rs 3,050 per sq.ft in 2024, representing an overall increase of 1,087% over the years.

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

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 30,50,000, the total fees would amount to Rs 2,74,500.

Which Sub Registrar Office covers this street?

The Virugambakkam Sub Registrar Office covers Chokkanathan Nagar 4th Street. It is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What are the guideline values for other streets in Maduravoyal?

Other streets in Maduravoyal have varying guideline values, with Chokkanathan Nagar 3rd, 2nd, and 1st Streets all having a value of Rs 3,050 per sq.ft, while Chozhan Nagar Main Road streets are valued at Rs 2,750 per sq.ft.