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Guideline Value

Corporate

Guideline Value for Chozhan Nagar Main Road 6th Street

₹2750/sq.ft.

The guideline value for Chozhan Nagar Main Road 6th 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 6th Street

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Chozhan Nagar Main Road 6th Street guideline value

The current guideline value of Chozhan Nagar Main Road 6th Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Maduravoyal village under the Virugambakkam SRO, and it falls under the Residential Class IV Type - I land classification.

How the guideline value of Chozhan Nagar Main Road 6th Street has changed

The guideline value for Chozhan Nagar Main Road 6th 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 to Rs 600 per sq.ft in 2007, reflecting a 25% increase from the previous revision. A significant jump occurred in 2012 when the value reached Rs 2,500 per sq.ft, which was a 317% increase from 2007. However, this was followed by a decline to Rs 1,675 per sq.ft in 2017, a decrease of 33%.

In 2023, the guideline value increased to Rs 2,500 per sq.ft, and the latest revision in 2024 has set it at Rs 2,750 per sq.ft, marking a 10% increase. 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, with guideline values 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, placing Chozhan Nagar Main Road 6th Street's 2024 figure below that median.

Stamp duty and registration fee for property in Chozhan Nagar Main Road 6th Street

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

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chozhan Nagar Main Road 6th Street?

The Sub Registrar Office that covers Chozhan Nagar Main Road 6th 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 is a crucial factor in the registration process when buying or selling property in Maduravoyal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately.

When you proceed with a sale, the guideline value will be used to calculate the stamp duty and registration fees. Buyers and sellers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Chozhan Nagar Main Road 6th Street?

The current guideline value of Chozhan Nagar Main Road 6th Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 437 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 529% over the years.

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

For a property valued at 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 is responsible for Chozhan Nagar Main Road 6th Street?

The Virugambakkam Sub Registrar Office is responsible for Chozhan Nagar Main Road 6th Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for Chozhan Nagar Main Road 6th Street?

Chozhan Nagar Main Road 6th Street falls under the Residential Class IV Type - I land classification.