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Guideline Value

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Guideline Value for Kaveri Rangan Nagar - Pillayar Koil Street

₹5500/sq.ft.

The guideline value for Kaveri Rangan Nagar - Pillayar Koil Street in Saligramam village (Virugambakkam SRO, Chennai zone) is Rs 5500 per sq.ft, effective 1 July 2024. It was Rs 5000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Saligramam

Village

Virugambakkam

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹5500 /sq.ft.
From 1-4-2023 ₹5000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3350 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1350 /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 Kaveri Rangan Nagar - Pillayar Koil Street

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Kaveri Rangan Nagar - Pillayar Koil Street guideline value

The current guideline value of Kaveri Rangan Nagar - Pillayar Koil Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Saligramam village and falls under the Virugambakkam SRO, classified as Residential Special Type - III.

How the guideline value of Kaveri Rangan Nagar - Pillayar Koil Street has changed

The guideline value for Kaveri Rangan Nagar - Pillayar Koil Street has seen several revisions over the years. The earliest recorded figure is from 2007, where the guideline value was Rs 1,350 per sq.ft. This value increased significantly to Rs 5,000 per sq.ft in 2012, marking a 270% rise. However, in 2017, the value dropped to Rs 3,350 per sq.ft, reflecting a decrease of 33%. The subsequent revision in 2023 brought the value back up to Rs 5,000 per sq.ft, and the most recent revision in 2024 has set it at Rs 5,500 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 307%. It is important to note that the register has no figures for this street for the years 2002 and 2003.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO with a 2024 guideline value range from Rs 2,750 to Rs 13,200 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, making Kaveri Rangan Nagar - Pillayar Koil Street's 2024 figure of Rs 5,500 per sq.ft above the median.

Stamp duty and registration fee for property in Kaveri Rangan Nagar - Pillayar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, making the total fees together Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kaveri Rangan Nagar - Pillayar Koil Street?

The Kaveri Rangan Nagar - Pillayar Koil 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 Saligramam

The guideline value plays a crucial role in property transactions in Saligramam. It serves as the basis for calculating the stamp duty and registration fees when a property is bought or sold. Buyers and sellers must consider the guideline value to ensure compliance with local regulations and to determine the financial implications of the transaction.

When registering a property, the guideline value is used to assess the transaction's value for taxation purposes. It is essential for both parties to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kaveri Rangan Nagar - Pillayar Koil Street?

The current guideline value of Kaveri Rangan Nagar - Pillayar Koil Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,350 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 307% over the years.

What is the land classification for Kaveri Rangan Nagar - Pillayar Koil Street?

Kaveri Rangan Nagar - Pillayar Koil Street is classified as Residential Special Type - III.

What is the registration office for Kaveri Rangan Nagar - Pillayar Koil Street?

The registration office for Kaveri Rangan Nagar - Pillayar Koil Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in Kaveri Rangan Nagar - Pillayar Koil Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000.