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Guideline Value

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Guideline Value for PASUMPON MUTHURAMALINGAM DEVAR SALAI, VENKATESA NAGAR, RAJAJI COLONY

₹7700/sq.ft.

The guideline value for Pasumpon Muthuramalingam Devar Salai, Venkatesa Nagar, Rajaji Colony in Virugambakkam village (Virugambakkam SRO, Chennai zone) is Rs 7700 per sq.ft, effective 1 July 2024. It was Rs 7000 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Virugambakkam

Village

Virugambakkam

SRO

Mixed Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹7700 /sq.ft.
From 1-4-2023 ₹7000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4690 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹7000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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 Pasumpon Muthuramalingam Devar Salai, Venkatesa Nagar, Rajaji Colony

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Pasumpon Muthuramalingam Devar Salai, Venkatesa Nagar, Rajaji Colony guideline value

The current guideline value of Pasumpon Muthuramalingam Devar Salai, Venkatesa Nagar, Rajaji Colony is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Virugambakkam village, under the Virugambakkam SRO, and falls under the land classification of Mixed Special Type - I.

How the guideline value of Pasumpon Muthuramalingam Devar Salai, Venkatesa Nagar, Rajaji Colony has changed

The guideline value for Pasumpon Muthuramalingam Devar Salai has seen several revisions over the years. The 2012 revision set the value at Rs 7,000 per sq.ft, which then decreased to Rs 4,690 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 7,000 per sq.ft, representing a rise of 49%. The most recent revision in 2024 has further increased the guideline value to Rs 7,700 per sq.ft, a 10% increment from the previous year.

It is important to note that the register does not have figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Virugambakkam

In Virugambakkam, there are 391 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 13,200 per sq.ft, with a median value of Rs 4,400 per sq.ft. The guideline value for Pasumpon Muthuramalingam Devar Salai is above this median.

Stamp duty and registration fee for property in Pasumpon Muthuramalingam Devar Salai, Venkatesa Nagar, Rajaji Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value amounts to Rs 77,00,000. The stamp duty at 7% would be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, making the total cost for these fees Rs 6,93,000. 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 details.

Which Sub Registrar Office covers Pasumpon Muthuramalingam Devar Salai, Venkatesa Nagar, Rajaji Colony?

The Sub Registrar Office that covers Pasumpon Muthuramalingam Devar Salai, Venkatesa Nagar, Rajaji Colony 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 Virugambakkam

The guideline value is a crucial factor when registering property in Virugambakkam. It serves as the minimum value for which the property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, providing a basis for taxation. It is important for buyers and sellers to be aware of this value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Pasumpon Muthuramalingam Devar Salai?

The current guideline value of Pasumpon Muthuramalingam Devar Salai is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 7,000 per sq.ft in 2012 to Rs 4,690 per sq.ft in 2017, then back to Rs 7,000 per sq.ft in 2023, and finally to Rs 7,700 per sq.ft in 2024.

What is the land classification of Pasumpon Muthuramalingam Devar Salai?

Pasumpon Muthuramalingam Devar Salai falls under the land classification of Mixed Special Type - I.

Where is the Sub Registrar Office for this area located?

The Sub Registrar Office for Pasumpon Muthuramalingam Devar Salai 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 example, at the current guideline value, the stamp duty for a 1,000 sq.ft plot amounts to Rs 5,39,000.