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Guideline Value

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Guideline Value for SHAIK ABDULLA NAGAR - Amaravathy Street

₹2750/sq.ft.

The guideline value for Shaik Abdulla Nagar - Amaravathy Street 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 ₹320 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹289 /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 Shaik Abdulla Nagar - Amaravathy Street

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SHAIK ABDULLA NAGAR - Amaravathy Street guideline value

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

How the guideline value of SHAIK ABDULLA NAGAR - Amaravathy Street has changed

The guideline value for SHAIK ABDULLA NAGAR - Amaravathy Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 289 per sq.ft, which increased to Rs 320 per sq.ft in 2003. The value then rose significantly to Rs 500 per sq.ft in 2007, marking a 56% increase from the previous year. The 2012 revision saw a rise to Rs 2,500 per sq.ft, which was a substantial increase of 400% from 2007. However, in the 2017 revision, the value decreased to Rs 1,675 per sq.ft, reflecting a drop of 33% from the previous figure. The value climbed again to Rs 2,500 per sq.ft in 2023, before reaching the current value of Rs 2,750 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 852%. It is important to note that the register has no figures for the years not specified in this document for SHAIK ABDULLA NAGAR - Amaravathy 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 - Amaravathy Street is below this median.

Stamp duty and registration fee for property in SHAIK ABDULLA NAGAR - Amaravathy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total 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 more calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers SHAIK ABDULLA NAGAR - Amaravathy Street?

The Sub Registrar Office that covers SHAIK ABDULLA NAGAR - Amaravathy Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO here.

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

The guideline value is an essential factor when registering property in Virugambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with the registration requirements.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of SHAIK ABDULLA NAGAR - Amaravathy Street?

The current guideline value of SHAIK ABDULLA NAGAR - Amaravathy Street 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 significantly from Rs 289 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 852% over this period.

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 handles property registrations for SHAIK ABDULLA NAGAR?

The Virugambakkam Sub Registrar Office handles property registrations for SHAIK ABDULLA NAGAR, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the guideline value determined for properties?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and previous revisions in property values. It serves as a benchmark for property transactions in the area.