Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Madurai Meenakshi Nagar - Kathirvelan Street

₹4950/sq.ft.

The guideline value for Madurai Meenakshi Nagar - Kathirvelan 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 - Kathirvelan Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Madurai Meenakshi Nagar - Kathirvelan Street guideline value

The current guideline value of Madurai Meenakshi Nagar - Kathirvelan Street is Rs 4,950 per sq.ft, effective from 1 July 2024. 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 - Kathirvelan Street has changed

The guideline value for Madurai Meenakshi Nagar - Kathirvelan Street has seen significant changes over the years. Starting from the 2002 revision, the value was Rs 429 per sq.ft, which increased to Rs 467 per sq.ft in 2003, marking a 9% rise. The value further increased to Rs 750 per sq.ft in 2007, reflecting a 61% change. The 2012 revision saw no change, maintaining the value at Rs 4,500 per sq.ft, which remained the same in 2023. The most recent revision in 2024 has increased the guideline value to Rs 4,950 per sq.ft, a 10% increase from the previous year.

It is important to note that there is no figure available for the 2017 revision for this street. 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 for these streets is Rs 3,850 per sq.ft, placing the guideline value of Madurai Meenakshi Nagar - Kathirvelan Street above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total 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, bringing the total fees together to Rs 4,45,500. It is essential to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Madurai Meenakshi Nagar - Kathirvelan Street?

The Sub Registrar Office covering Madurai Meenakshi Nagar - Kathirvelan 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 critical factor in property transactions in Valasaravakkam, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value serves as a reference point for calculating stamp duty and registration fees.

It is important for buyers and sellers to be aware of the guideline value, as it can affect the overall cost of the transaction, including taxes and fees associated with property registration.

Frequently asked questions

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

The current guideline value of Madurai Meenakshi Nagar - Kathirvelan 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 changed from Rs 429 per sq.ft in 2002 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of 1054% over the years.

What is the land classification for Madurai Meenakshi Nagar - Kathirvelan Street?

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

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Madurai Meenakshi Nagar - Kathirvelan 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 higher of the guideline value or the sale price of the property. For instance, a property valued at Rs 49,50,000 would incur a stamp duty of Rs 3,46,500.