Guideline Value

Corporate

Guideline Value for Chowdri Nagar 18th Street

₹4400/sq.ft.

The guideline value for Chowdri Nagar 18th Street in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Valasaravakkam

Village

Virugambakkam

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹650 /sq.ft.
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 Chowdri Nagar 18th Street

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Chowdri Nagar 18th Street guideline value

The current guideline value of Chowdri Nagar 18th Street is Rs 4,400 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 - II.

How the guideline value of Chowdri Nagar 18th Street has changed

The guideline value for Chowdri Nagar 18th Street has undergone several revisions over the years. In 2007, the value was set at Rs 650 per sq.ft, which saw a significant increase to Rs 4,000 per sq.ft in 2012. This marked a remarkable change of 515%. The value remained unchanged at Rs 4,000 per sq.ft until the next revision in 2023, when it increased to Rs 4,400 per sq.ft, reflecting a 10% rise.

From the 2012 revision to the 2023 revision, there was no change in the guideline value. Overall, from 2007 to 2024, the guideline value has increased by 577% from Rs 650 per sq.ft to Rs 4,400 per sq.ft. The register has no figures for the revisions in 2002, 2003, and 2017 for this street.

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 value is Rs 3,850 per sq.ft, placing Chowdri Nagar 18th Street's 2024 figure above this median.

Stamp duty and registration fee for property in Chowdri Nagar 18th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost to Rs 3,96,000. 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 Chowdri Nagar 18th Street?

The Sub Registrar Office covering Chowdri Nagar 18th 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 Valasaravakkam

The guideline value plays a crucial role when buying or selling property in Valasaravakkam. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers, as it ensures compliance with local regulations and helps in accurately determining the costs involved in property transactions.

Frequently asked questions

What is the current guideline value of Chowdri Nagar 18th Street?

The current guideline value of Chowdri Nagar 18th Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 650 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 577% over the years.

What is the land classification for Chowdri Nagar 18th Street?

Chowdri Nagar 18th Street is classified as Residential Class I Type - II.

What are the other streets in Valasaravakkam with the same guideline value?

Several other streets in Valasaravakkam also have a guideline value of Rs 4,400 per sq.ft in 2024, including Chowdri Nagar 17th Street, Chowdri Nagar 19th Street, Chowdri Nagar 16th Street, Chowdri Nagar 1st Street, Chowdri Nagar 15th Street, and Chowdri Nagar 2nd Street.

Where can I find the Sub Registrar Office for Chowdri Nagar 18th Street?

The Sub Registrar Office for Chowdri Nagar 18th Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.