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Guideline Value

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Guideline Value for Eagambara Naicker Industiral Estate - Sannathi Street

₹4400/sq.ft.

The guideline value for Eagambara Naicker Industiral Estate - Sannathi Street in Maduravoyal 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 Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Maduravoyal

Village

Virugambakkam

SRO

Residential Special 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 ₹900 /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 Eagambara Naicker Industiral Estate - Sannathi Street

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Eagambara Naicker Industiral Estate - Sannathi Street guideline value

The current guideline value for Eagambara Naicker Industiral Estate - Sannathi Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Maduravoyal village under the Virugambakkam SRO, and it falls under the land classification of Residential Special Type - II.

How the guideline value of Eagambara Naicker Industiral Estate - Sannathi Street has changed

The guideline value for Eagambara Naicker Industiral Estate - Sannathi Street has seen several revisions over the years. Starting from the 2007 revision, the guideline value was Rs 900 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in 2012, representing a rise of 344%. However, in the 2017 revision, the value dropped to Rs 2,680 per sq.ft, marking a decrease of 33%. The value then rose to Rs 4,000 per sq.ft in 2023, followed by a further increase to Rs 4,400 per sq.ft in 2024, which is a 10% rise from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 389%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 6,050 per sq.ft. The median guideline value for these streets is Rs 3,050 per sq.ft, placing the 2024 guideline value of Eagambara Naicker Industiral Estate - Sannathi Street above this median.

Stamp duty and registration fee for property in Eagambara Naicker Industiral Estate - Sannathi 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. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Eagambara Naicker Industiral Estate - Sannathi Street?

The Eagambara Naicker Industiral Estate - Sannathi Street 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 more information.

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

The guideline value is a crucial factor when buying or selling property in Maduravoyal, as it determines the minimum value at which a property can be registered. This value is used to calculate the applicable stamp duty and registration fees during the transaction process.

When registering a property, buyers must ensure that the sale price meets or exceeds the guideline value to avoid any complications. It is advisable to consult the guideline value register to understand the current rates applicable to the specific property being transacted.

Frequently asked questions

What is the current guideline value for Eagambara Naicker Industiral Estate - Sannathi Street?

The current guideline value for Eagambara Naicker Industiral Estate - Sannathi 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 900 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 389% over the years.

What is the land classification for this street?

The land classification for Eagambara Naicker Industiral Estate - Sannathi Street is Residential Special Type - II.

Where can I find the Virugambakkam Sub Registrar Office?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 at a rate of 7%.