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Guideline Value

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Guideline Value for Mathiazhagan Nagar - N.S.K. Street

₹3300/sq.ft.

The guideline value for Mathiazhagan Nagar - N.s.k. 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 ₹576 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹527 /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 - N.s.k. Street

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Mathiazhagan Nagar - N.S.K. Street guideline value

The current guideline value of Mathiazhagan Nagar - N.S.K. 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 - N.S.K. Street has changed

The guideline value for Mathiazhagan Nagar - N.S.K. Street has seen several revisions over the years. In 2002, the value was Rs 527 per sq.ft, which increased to Rs 576 per sq.ft in 2003, marking a change of +9%. The value then rose significantly to Rs 850 per sq.ft in 2007, reflecting an increase of +48%. Following this, the guideline value saw a substantial jump to Rs 3,000 per sq.ft in 2012, which was a +253% increase. However, it then dropped to Rs 2,010 per sq.ft in 2017, showing a decrease of -33%. In 2023, the value was revised to Rs 3,000 per sq.ft, and the latest revision in 2024 has set it at Rs 3,300 per sq.ft, marking a +10% increase.

Overall, the guideline value has increased by +526% from 2002 to 2024. There are no figures available for the years not listed in the register for this street.

Guideline values in Saligramam

In Saligramam village, there are 333 streets under the Virugambakkam SRO, with 2024 guideline values 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, placing Mathiazhagan Nagar - N.S.K. Street's 2024 value below this median.

Stamp duty and registration fee for property in Mathiazhagan Nagar - N.S.K. Street

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. 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 details.

Which Sub Registrar Office covers Mathiazhagan Nagar - N.S.K. Street?

The Sub Registrar Office that covers Mathiazhagan Nagar - N.S.K. 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 information.

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

The guideline value is an essential factor when buying or selling property in Saligramam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, the guideline value ensures that the transaction is documented at a fair value as per government regulations. This helps maintain transparency in property dealings and ensures compliance with local laws.

Frequently asked questions

What is the current guideline value of Mathiazhagan Nagar - N.S.K. Street?

The current guideline value of Mathiazhagan Nagar - N.S.K. 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 527 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of +526% over the years.

What are the stamp duty and registration fees for a property in this area?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 2,97,000, based on the current guideline value.

Which Sub Registrar Office covers Mathiazhagan Nagar - N.S.K. Street?

The Virugambakkam Sub Registrar Office covers Mathiazhagan Nagar - N.S.K. Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for Mathiazhagan Nagar - N.S.K. Street?

The land classification for Mathiazhagan Nagar - N.S.K. Street is Residential Class III Type - I, indicating its suitability for residential purposes.