Guideline Value

Corporate

Guideline Value for Church Street

₹4400/sq.ft.

The guideline value for Church 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 ₹560 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹515 /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 Church Street

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Church Street guideline value

The current guideline value of Church Street in Valasaravakkam village, under the Virugambakkam SRO, is Rs 4,400 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - II land classification.

How the guideline value of Church Street has changed

The guideline value of Church Street has seen several revisions over the years. In 2002, the value was Rs 515 per sq.ft, which increased to Rs 560 per sq.ft in 2003. The value then rose by 16% to Rs 650 per sq.ft in 2007. Following that, a significant jump occurred, with the value reaching Rs 4,000 per sq.ft in 2012, marking an increase of 515%. However, between 2012 and 2017, the value decreased by 33% to Rs 2,680 per sq.ft. The subsequent revision in 2023 saw the value increase to Rs 4,000 per sq.ft, and the latest revision in 2024 has set the value at Rs 4,400 per sq.ft, reflecting a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 754%. There are no figures available for the revisions in years not mentioned in the register for this street.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO that have a 2024 guideline value ranging from Rs 2,750 to Rs 8,800 per sq.ft, with the median value being Rs 3,850 per sq.ft. Church Street's 2024 value of Rs 4,400 per sq.ft is above this median.

Stamp duty and registration fee for property in Church 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 to Rs 3,96,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Church Street?

The Sub Registrar Office that covers Church 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 Valasaravakkam

The guideline value is a crucial factor in property transactions in Valasaravakkam. It is used to determine the stamp duty and registration fees that need to be paid during the sale or purchase of property. Buyers and sellers must be aware of the current guideline value to ensure compliance with regulations and to accurately calculate the costs involved in the transaction.

When registering a property, the guideline value serves as a benchmark for the minimum value at which the property can be sold. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Church Street?

The current guideline value of Church 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 515 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 754% over the years.

What is the land classification of Church Street?

Church Street is classified as Residential Class I Type - II, which is relevant for determining its guideline value.

Where can I find the registration office for Church Street?

The registration office for Church Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000, resulting in specific stamp duty and registration fees.