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Guideline Value

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Guideline Value for SHAIK ABDULLA NAGAR 2nd Main Road

₹2750/sq.ft.

The guideline value for Shaik Abdulla Nagar 2nd 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 2nd Main Road

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SHAIK ABDULLA NAGAR 2nd Main Road guideline value

The current guideline value of SHAIK ABDULLA NAGAR 2nd Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Virugambakkam village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of SHAIK ABDULLA NAGAR 2nd Main Road has changed

The guideline value for SHAIK ABDULLA NAGAR 2nd Main Road has seen several revisions over the years. In 2007, the value was Rs 500 per sq.ft, which increased significantly to Rs 2,500 per sq.ft by 2012, marking a 400% increase. However, from 2012 to 2017, the value decreased to Rs 1,675 per sq.ft, a decline of 33%. Following this, the value rose to Rs 2,500 per sq.ft in 2023, and then to Rs 2,750 per sq.ft in the 2024 revision, reflecting a 10% increase.

Between 2017 and 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has risen by 450%. The register does not have figures for the years 2002 and 2003 for this street.

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 of SHAIK ABDULLA NAGAR 2nd Main Road is below this median.

Stamp duty and registration fee for property in SHAIK ABDULLA NAGAR 2nd Main Road

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the 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, totaling Rs 2,47,500. It is important to note that 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 information.

Which Sub Registrar Office covers SHAIK ABDULLA NAGAR 2nd Main Road?

The Sub Registrar Office that covers SHAIK ABDULLA NAGAR 2nd Main Road 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 Virugambakkam

The guideline value is a crucial factor when registering property transactions in Virugambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the property transfer process.

When a property is bought or sold, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the correct amounts are collected during registration.

Frequently asked questions

What is the current guideline value of SHAIK ABDULLA NAGAR 2nd Main Road?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

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

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500, and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which office do I need to visit for property registration?

The Virugambakkam Sub Registrar Office is responsible for property registrations in SHAIK ABDULLA NAGAR 2nd Main Road, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification of SHAIK ABDULLA NAGAR 2nd Main Road?

SHAIK ABDULLA NAGAR 2nd Main Road is classified as Residential Class IV Type - II.