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Guideline Value

Corporate

Guideline Value for Jai Garden (Arcot Road)

₹6600/sq.ft.

The guideline value for Jai Garden (arcot Road) in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 6600 per sq.ft, effective 1 July 2024. It was Rs 6000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Valasaravakkam

Village

Virugambakkam

SRO

Commercial Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹6600 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4020 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1100 /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 Jai Garden (arcot Road)

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Jai Garden (Arcot Road) guideline value

The current guideline value of Jai Garden (Arcot Road) is Rs 6,600 per sq.ft, effective from 1 July 2024. This property is located in Valasaravakkam village and falls under the Virugambakkam SRO. The land classification for this area is Commercial Special Type - I.

How the guideline value of Jai Garden (Arcot Road) has changed

The guideline value of Jai Garden (Arcot Road) has seen several revisions over the years. In 2007, the guideline value was Rs 1,100 per sq.ft. This increased significantly to Rs 5,500 per sq.ft in 2012, marking a 400% rise. However, the value dropped to Rs 4,020 per sq.ft in 2017, a decrease of 27%. The value then rose to Rs 6,000 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the guideline value at Rs 6,600 per sq.ft, which is a 10% increase from the previous year.

The register has no figures for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 500%.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median value for the area is Rs 3,850 per sq.ft, placing the 2024 guideline value of Jai Garden (Arcot Road) above this median.

Stamp duty and registration fee for property in Jai Garden (Arcot Road)

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, totaling Rs 5,94,000. It is important to note that the 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 more details.

Which Sub Registrar Office covers Jai Garden (Arcot Road)?

The Sub Registrar Office that covers Jai Garden (Arcot Road) 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 plays a crucial role when buying or selling property in Valasaravakkam. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must ensure that they are aware of the current guideline value to avoid any discrepancies during the transaction.

When a property is registered, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Jai Garden (Arcot Road)?

The current guideline value of Jai Garden (Arcot Road) is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, marking an overall increase of 500%.

What is the land classification of Jai Garden (Arcot Road)?

The land classification for Jai Garden (Arcot Road) is Commercial Special Type - I.

Where can I find the Sub Registrar Office for Jai Garden (Arcot Road)?

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

How is stamp duty calculated for properties in Jai Garden (Arcot Road)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 66,00,000 would incur a stamp duty of Rs 4,62,000 at 7%.