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Guideline Value

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Guideline Value for KARPAGA VINAYAGA COLONY - Maha Kavi Bharathiar Street

₹3300/sq.ft.

The guideline value for Karpaga Vinayaga Colony - Maha Kavi Bharathiar Street in Maduravoyal village (Virugambakkam SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Maduravoyal

Village

Virugambakkam

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /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 Karpaga Vinayaga Colony - Maha Kavi Bharathiar Street

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KARPAGA VINAYAGA COLONY - Maha Kavi Bharathiar Street guideline value

The current guideline value of KARPAGA VINAYAGA COLONY - Maha Kavi Bharathiar Street is Rs 3,300 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 II Type - I.

How the guideline value of KARPAGA VINAYAGA COLONY - Maha Kavi Bharathiar Street has changed

The guideline value for KARPAGA VINAYAGA COLONY - Maha Kavi Bharathiar Street has undergone several revisions over the years. The earliest recorded figure is from 2007, which was Rs 500 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in 2012, marking a 500% rise. However, it then decreased to Rs 2,010 per sq.ft in 2017, a decline of 33%. The value saw a substantial increase to Rs 3,000 per sq.ft in 2023, followed by another rise to the current rate of Rs 3,300 per sq.ft in 2024, reflecting a 10% increase.

There are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 560%.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO that carry a guideline value for 2024, 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 KARPAGA VINAYAGA COLONY - Maha Kavi Bharathiar Street above this median.

Stamp duty and registration fee for property in KARPAGA VINAYAGA COLONY - Maha Kavi Bharathiar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers KARPAGA VINAYAGA COLONY - Maha Kavi Bharathiar Street?

The KARPAGA VINAYAGA COLONY - Maha Kavi Bharathiar Street falls under the jurisdiction of 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 of property transactions in Maduravoyal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the expected value of the property based on the current market conditions. This value is particularly important for calculating the applicable stamp duty and registration fees, which are essential components of the property transaction process.

Frequently asked questions

What is the current guideline value for KARPAGA VINAYAGA COLONY - Maha Kavi Bharathiar Street?

The current guideline value for KARPAGA VINAYAGA COLONY - Maha Kavi Bharathiar Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has increased from Rs 500 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 560%.

Which Sub Registrar Office covers this street?

The Virugambakkam Sub Registrar Office covers KARPAGA VINAYAGA COLONY - Maha Kavi Bharathiar Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the stamp duty for property in this area?

The stamp duty for property in KARPAGA VINAYAGA COLONY - Maha Kavi Bharathiar Street is 7% of the guideline value or sale price, whichever is higher.

What are the other streets in KARPAGA VINAYAGA COLONY?

Other streets in KARPAGA VINAYAGA COLONY include Ganga Avenue, Mahalakshmi Avenue, Balaji Avenue, Main Road, Nethaji street, and Parthiban Street, all of which have a guideline value of Rs 3,300 per sq.ft for 2024.