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Guideline Value

Corporate

Guideline Value for Chozhan Nagar Main Road 1st Street

₹2750/sq.ft.

The guideline value for Chozhan Nagar Main Road 1st Street in Maduravoyal village (Virugambakkam SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Maduravoyal

Village

Virugambakkam

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹600 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹479 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹437 /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 Chozhan Nagar Main Road 1st Street

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Chozhan Nagar Main Road 1st Street guideline value

The current guideline value of Chozhan Nagar Main Road 1st Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Maduravoyal village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Chozhan Nagar Main Road 1st Street has changed

The guideline value for Chozhan Nagar Main Road 1st Street has seen several revisions over the years. In 2002, the value was Rs 437 per sq.ft, which increased to Rs 479 per sq.ft in 2003, marking a 10% rise. The value then rose by 25% to Rs 600 per sq.ft in 2007. Following that, there was a significant increase of 317%, bringing the value to Rs 2,500 per sq.ft in 2012. However, between 2012 and 2017, the value decreased by 33% to Rs 1,675 per sq.ft. From 2017 to 2023, the value increased by 49% to Rs 2,500 per sq.ft, and the most recent revision in 2024 saw it rise by 10% to the current value of Rs 2,750 per sq.ft.

There are no figures available for the years not mentioned in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 529%.

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, with a median value of Rs 3,050 per sq.ft. Chozhan Nagar Main Road 1st Street's 2024 figure is below that median.

Stamp duty and registration fee for property in Chozhan Nagar Main Road 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, making the total fees together Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Chozhan Nagar Main Road 1st Street?

The Sub Registrar Office that covers Chozhan Nagar Main Road 1st 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 details.

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

The guideline value is crucial during the registration process of property transactions in Maduravoyal. It serves as a reference point for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is considered alongside the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the transaction is compliant with local regulations.

Frequently asked questions

What is the current guideline value of Chozhan Nagar Main Road 1st Street?

The current guideline value of Chozhan Nagar Main Road 1st Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 437 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, which is an overall increase of 529%.

What are the stamp duty and registration fees for this street?

For a property of 1,000 sq.ft at the current guideline value, the total guideline value is Rs 27,50,000. The stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which Sub Registrar Office covers this street?

The Virugambakkam Sub Registrar Office covers Chozhan Nagar Main Road 1st Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for Chozhan Nagar Main Road 1st Street?

The land classification for Chozhan Nagar Main Road 1st Street is Residential Class IV Type - I.