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Guideline Value

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Guideline Value for KARPAGA VINAYAGA COLONY - Nethaji street

₹3300/sq.ft.

The guideline value for Karpaga Vinayaga Colony - Nethaji 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 ₹301 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹275 /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 Karpaga Vinayaga Colony - Nethaji Street

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KARPAGA VINAYAGA COLONY - Nethaji street guideline value

The current guideline value for KARPAGA VINAYAGA COLONY - Nethaji 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 - Nethaji street has changed

The guideline value for KARPAGA VINAYAGA COLONY - Nethaji street has seen significant changes over the years. Starting from Rs 275 per sq.ft in 2002, it increased to Rs 301 per sq.ft in 2003, marking a 9% rise. The value then jumped to Rs 500 per sq.ft in 2007, reflecting a substantial increase of 66%. By 2012, the value was Rs 3,000 per sq.ft, which was a 500% rise from the previous revision. However, it decreased to Rs 2,010 per sq.ft in 2017, showing a decline of 33%. The value rose again to Rs 3,000 per sq.ft in 2023, and as of the 2024 revision, it is now Rs 3,300 per sq.ft, an increase of 10% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1100%. There are no figures available for the years not mentioned in the register for this street.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 6,050 per sq.ft, with a median value of Rs 3,050 per sq.ft. The guideline value for KARPAGA VINAYAGA COLONY - Nethaji street is above this median.

Stamp duty and registration fee for property in KARPAGA VINAYAGA COLONY - Nethaji 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 amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers KARPAGA VINAYAGA COLONY - Nethaji street?

The KARPAGA VINAYAGA COLONY - Nethaji 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 an essential factor in property transactions in Maduravoyal. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property. This value helps ensure that the transaction is recorded accurately and fairly in the government registry.

When you register a property, the guideline value serves as a benchmark for calculating the associated fees. It is crucial for buyers and sellers to be aware of this value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value for KARPAGA VINAYAGA COLONY - Nethaji street?

The current guideline value for KARPAGA VINAYAGA COLONY - Nethaji street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 275 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, showing an overall increase of 1100% over this period.

What is the registration fee for property in KARPAGA VINAYAGA COLONY - Nethaji street?

The registration fee is 2% of the guideline value. For a property valued at Rs 33,00,000, the registration fee would be Rs 66,000.

Where can I find the Sub Registrar Office for KARPAGA VINAYAGA COLONY - Nethaji street?

The Sub Registrar Office covering KARPAGA VINAYAGA COLONY - Nethaji street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in Maduravoyal?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. In KARPAGA VINAYAGA COLONY - Nethaji street, the stamp duty is 7% of the guideline value.