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Guideline Value

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Guideline Value for SHAIK ABDULLA NAGAR 1st Main Road

₹2750/sq.ft.

The guideline value for Shaik Abdulla Nagar 1st Main Road in Virugambakkam village (Virugambakkam SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Virugambakkam

Village

Virugambakkam

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
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 Shaik Abdulla Nagar 1st Main Road

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SHAIK ABDULLA NAGAR 1st Main Road guideline value

The current guideline value of SHAIK ABDULLA NAGAR 1st Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Virugambakkam village under the Virugambakkam SRO, classified as Residential Class IV Type - II.

How the guideline value of SHAIK ABDULLA NAGAR 1st Main Road has changed

The guideline value for SHAIK ABDULLA NAGAR 1st Main Road has seen several revisions over the years. In 2007, the guideline value was Rs 500 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, it then decreased to Rs 1,675 per sq.ft in 2017. Following that, the value rose to Rs 2,500 per sq.ft in 2023, and currently stands at Rs 2,750 per sq.ft as of the 2024 revision. The register has no figure for this street in 2002 and 2003.

Between the revisions, several notable changes occurred. From 2007 to 2012, there was a remarkable increase of 400%. However, from 2012 to 2017, the value decreased by 33%. The guideline value then increased by 49% from 2017 to 2023, followed by a 10% rise from 2023 to 2024. Overall, there has been a substantial increase of 450% from 2007 to 2024.

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 of Rs 4,400 per sq.ft. The guideline value of SHAIK ABDULLA NAGAR 1st Main Road is below this median.

Stamp duty and registration fee for property in SHAIK ABDULLA NAGAR 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total cost to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers SHAIK ABDULLA NAGAR 1st Main Road?

The SHAIK ABDULLA NAGAR 1st Main Road 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 Virugambakkam

The guideline value is a critical factor in the registration process when buying or selling property in Virugambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

Frequently asked questions

What is the current guideline value of SHAIK ABDULLA NAGAR 1st Main Road?

The current guideline value of SHAIK ABDULLA NAGAR 1st Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has seen fluctuations, starting from Rs 500 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024. The most significant increase occurred from 2007 to 2012, with a rise of 400%.

What is the role of the Virugambakkam SRO?

The Virugambakkam SRO is responsible for property registrations in the area, including SHAIK ABDULLA NAGAR 1st Main Road. It ensures that the registration process is conducted according to the established guidelines and regulations.

How is stamp duty calculated for properties in SHAIK ABDULLA NAGAR 1st Main Road?

Stamp duty for properties in SHAIK ABDULLA NAGAR 1st Main Road is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 27,50,000 would incur a stamp duty of Rs 1,92,500.

Where can I find more information about the guideline values?

For more detailed information about the guideline values in Virugambakkam and other areas, you can refer to the Registration Department's guideline value register available on the TNReginet website.