Guideline Value

Corporate

Guideline Value for Chowdri Nagar Main Road

₹4950/sq.ft.

The guideline value for Chowdri Nagar Main Road in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 4950 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Valasaravakkam

Village

Virugambakkam

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹4950 /sq.ft.
From 1-4-2023 N/A
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 ₹800 /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 Main Road

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Chowdri Nagar Main Road guideline value

The current guideline value of Chowdri Nagar Main Road is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village under the Virugambakkam SRO, classified as Residential Class I Type - I.

How the guideline value of Chowdri Nagar Main Road has changed

The guideline value for Chowdri Nagar Main Road has undergone several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 800 per sq.ft. This increased significantly to Rs 4,500 per sq.ft in 2012, marking a rise of 463%. However, the value then decreased to Rs 3,015 per sq.ft in 2017, a drop of 33%. The most recent revision in 2024 set the guideline value at Rs 4,950 per sq.ft, which represents a 64% increase from the 2017 figure.

It is important to note that the register has no figures for the years 2023, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by 519%.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO that carry a 2024 guideline value, ranging from Rs 2,750 to Rs 8,800 per sq.ft, with a median value of Rs 3,850 per sq.ft. The guideline value of Chowdri Nagar Main Road is above this median.

Stamp duty and registration fee for property in Chowdri Nagar Main Road

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 cost for these charges to 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.

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

Which Sub Registrar Office covers Chowdri Nagar Main Road?

The Chowdri Nagar Main Road 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 additional information.

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

The guideline value is an important factor when registering property transactions in Valasaravakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on the official value set by the government.

Frequently asked questions

What is the current guideline value of Chowdri Nagar Main Road?

The current guideline value of Chowdri Nagar Main Road 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 significantly from Rs 800 per sq.ft in 2007 to Rs 4,950 per sq.ft in 2024, marking an overall increase of 519%.

What was the guideline value in 2017?

In 2017, the guideline value for Chowdri Nagar Main Road was Rs 3,015 per sq.ft.

What are the other streets in Valasaravakkam with similar guideline values?

Other streets in Valasaravakkam with guideline values around Chowdri Nagar Main Road include Chowdri Nagar 9th Street, Chowdri Nagar Main Road 1st Cross, Chowdri Nagar 8th Street, Chowdri Nagar Main Road 2nd Cross, Chowdri Nagar 7th Street, and Chowdri Nagar Main Road 3rd Cross, all valued at Rs 4,400 per sq.ft in 2024.

Where can I find the Sub Registrar Office for Chowdri Nagar Main Road?

The Virugambakkam Sub Registrar Office, which covers Chowdri Nagar Main Road, is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.