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Guideline Value

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Guideline Value for Madurai Meenakshi Nagar - Arumuga Navalar Street

₹4950/sq.ft.

The guideline value for Madurai Meenakshi Nagar - Arumuga Navalar Street in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 4950 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Valasaravakkam

Village

Virugambakkam

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹4950 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹750 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹467 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹429 /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 Madurai Meenakshi Nagar - Arumuga Navalar Street

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Madurai Meenakshi Nagar - Arumuga Navalar Street guideline value

The current guideline value for Madurai Meenakshi Nagar - Arumuga Navalar Street is Rs 4,950 per sq.ft. This street is located in Valasaravakkam village, under the Virugambakkam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Madurai Meenakshi Nagar - Arumuga Navalar Street has changed

The guideline value for this street has undergone several revisions since 2002. In 2002, the guideline value was Rs 429 per sq.ft, which increased to Rs 467 per sq.ft in 2003, marking a change of +9%. The value saw a significant rise to Rs 750 per sq.ft in 2007, reflecting a +61% increase. By 2012, the value remained at Rs 4,500 per sq.ft, with no change from the previous revision. In 2023, the guideline value was again Rs 4,500 per sq.ft, and in the latest 2024 revision, it increased to Rs 4,950 per sq.ft, showing a +10% change.

Notably, there is no figure available for this street in the 2017 revision. Overall, from 2002 to 2024, the guideline value has increased by +1054%.

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 is Rs 3,850 per sq.ft, making the 2024 figure for Madurai Meenakshi Nagar - Arumuga Navalar Street above this median.

Stamp duty and registration fee for property in Madurai Meenakshi Nagar - Arumuga Navalar Street

For a 1,000 sq.ft plot at the current rate of Rs 4,950 per sq.ft, the guideline value amounts to Rs 49,50,000. The stamp duty at 7% would be Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, totaling Rs 4,45,500. Please 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 information.

Which Sub Registrar Office covers Madurai Meenakshi Nagar - Arumuga Navalar Street?

The Sub Registrar Office that covers Madurai Meenakshi Nagar - Arumuga Navalar Street 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Valasaravakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the authorities will assess the property based on the guideline value, which helps ensure that the correct fees are collected. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Madurai Meenakshi Nagar - Arumuga Navalar Street?

The current guideline value for Madurai Meenakshi Nagar - Arumuga Navalar Street is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen multiple revisions, increasing from Rs 429 per sq.ft in 2002 to Rs 4,950 per sq.ft in 2024, representing an overall increase of +1054% over the years.

What is the land classification for this street?

Madurai Meenakshi Nagar - Arumuga Navalar Street is classified as Residential Class I Type - I.

Where can I find the registration office for this street?

The registration office for Madurai Meenakshi Nagar - Arumuga Navalar 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 this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 49,50,000 would incur a stamp duty of Rs 3,46,500 at 7%.