Guideline Value

Corporate

Guideline Value for Chowdri Nagar 7th Street

₹4400/sq.ft.

The guideline value for Chowdri Nagar 7th 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 ₹2680 /sq.ft.
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 7th Street

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Chowdri Nagar 7th Street guideline value

The current guideline value of Chowdri Nagar 7th 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 7th Street has changed

The guideline value for Chowdri Nagar 7th Street has seen significant changes over the years. In 2007, the value was Rs 650 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012. This marked a substantial rise of 515%. However, between 2012 and 2017, the value decreased by 33% to Rs 2,680 per sq.ft. Following this, a significant increase of 49% brought the value to Rs 4,000 per sq.ft in 2023. The most recent revision in 2024 has seen another increase of 10%, bringing the current value to Rs 4,400 per sq.ft.

It is important to note that there are no recorded figures for Chowdri Nagar 7th Street in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 577%.

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 guideline value for these streets is Rs 3,850 per sq.ft, making the 2024 figure of Chowdri Nagar 7th Street above the median.

Stamp duty and registration fee for property in Chowdri Nagar 7th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would amount 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 fees together to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Chowdri Nagar 7th Street?

The Chowdri Nagar 7th Street falls under the jurisdiction of 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 Valasaravakkam

When buying or selling property in Valasaravakkam, the guideline value plays a crucial role in determining the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of property transactions in the area. Understanding these values can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Chowdri Nagar 7th Street?

The current guideline value of Chowdri Nagar 7th 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 significantly from Rs 650 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 577% over this period.

What are the stamp duty and registration fees for property in Chowdri Nagar 7th Street?

For a 1,000 sq.ft plot, the total guideline value would be Rs 44,00,000. The stamp duty would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which Sub Registrar Office covers Chowdri Nagar 7th Street?

The Virugambakkam Sub Registrar Office covers Chowdri Nagar 7th Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the median guideline value for streets in Valasaravakkam?

The median guideline value for streets in Valasaravakkam is Rs 3,850 per sq.ft, with Chowdri Nagar 7th Street's value of Rs 4,400 per sq.ft being above this median.