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Guideline Value

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Guideline Value for Mathiazhagan Nagar - Ma.Po.Si. Street

₹3300/sq.ft.

The guideline value for Mathiazhagan Nagar - Ma.po.si. Street in Saligramam 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 Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Saligramam

Village

Virugambakkam

SRO

Residential Class III 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 ₹850 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹519 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹475 /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 Mathiazhagan Nagar - Ma.po.si. Street

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Mathiazhagan Nagar - Ma.Po.Si. Street guideline value

The current guideline value of Mathiazhagan Nagar - Ma.Po.Si. Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Saligramam village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Mathiazhagan Nagar - Ma.Po.Si. Street has changed

The guideline value for Mathiazhagan Nagar - Ma.Po.Si. Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 475 per sq.ft. This increased to Rs 519 per sq.ft in 2003, marking a 9% rise. The value then rose significantly by 64% to Rs 850 per sq.ft in 2007. Following that, the 2012 revision saw a substantial increase of 253%, bringing the value to Rs 3,000 per sq.ft. However, in 2017, the value dropped by 33% to Rs 2,010 per sq.ft. The 2023 revision recorded an increase of 49% to Rs 3,000 per sq.ft, and the current 2024 revision reflects a further increase of 10%, now standing at Rs 3,300 per sq.ft.

There are no figures available for the revisions in years other than those listed. The guideline value has increased overall by 595% from 2002 to 2024.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO that carry a 2024 guideline value, ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, indicating that Mathiazhagan Nagar - Ma.Po.Si. Street's 2024 figure is below this median.

Stamp duty and registration fee for property in Mathiazhagan Nagar - Ma.Po.Si. 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, while the registration fee at 2% would be Rs 66,000. Together, the total cost for these fees would be Rs 2,97,000. 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 Mathiazhagan Nagar - Ma.Po.Si. Street?

The Mathiazhagan Nagar - Ma.Po.Si. 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 Saligramam

The guideline value plays a crucial role during the registration of property transactions in Saligramam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. Buyers should be aware of the guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Mathiazhagan Nagar - Ma.Po.Si. Street?

The current guideline value of Mathiazhagan Nagar - Ma.Po.Si. 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 significantly from Rs 475 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 595% over this period.

What is the land classification for Mathiazhagan Nagar - Ma.Po.Si. Street?

The land classification for Mathiazhagan Nagar - Ma.Po.Si. Street is Residential Class III Type - I.

What are the stamp duty and registration fees for this street?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles registrations for Mathiazhagan Nagar - Ma.Po.Si. Street?

The Virugambakkam Sub Registrar Office handles registrations for Mathiazhagan Nagar - Ma.Po.Si. Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.