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Guideline Value

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Guideline Value for SHAIK ABDULLA NAGAR - Bhavani Street

₹2750/sq.ft.

The guideline value for Shaik Abdulla Nagar - Bhavani 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 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 - Bhavani Street

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SHAIK ABDULLA NAGAR - Bhavani Street guideline value

The current guideline value of SHAIK ABDULLA NAGAR - Bhavani 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 - Bhavani Street has changed

The guideline value for SHAIK ABDULLA NAGAR - Bhavani Street has seen several revisions over the years. In the 2007 revision, the value was Rs 500 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in the 2012 revision. However, this value then decreased to Rs 1,675 per sq.ft in the 2017 revision. The 2023 revision marked another increase to Rs 2,500 per sq.ft, followed by the current value of Rs 2,750 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has risen by 450%. The register has no 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 - Bhavani Street is below this median.

Stamp duty and registration fee for property in SHAIK ABDULLA NAGAR - Bhavani 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 cost for these fees 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 information, you can use our stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers SHAIK ABDULLA NAGAR - Bhavani 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Virugambakkam. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that these costs are calculated based on the official rates set by the government.

When a property is sold, the buyer and seller must ensure that the sale price is at least equal to the guideline value to avoid any discrepancies during registration. This helps maintain transparency and compliance with local regulations.

Frequently asked questions

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

The current guideline value of SHAIK ABDULLA NAGAR - Bhavani 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 500 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 450% over this period.

What is the land classification of SHAIK ABDULLA NAGAR - Bhavani Street?

SHAIK ABDULLA NAGAR - Bhavani Street is classified as Residential Class IV Type - II.

What is the median guideline value in Virugambakkam?

The median guideline value in Virugambakkam is Rs 4,400 per sq.ft, which is higher than the current value of SHAIK ABDULLA NAGAR - Bhavani Street.

Where is the Sub Registrar Office for SHAIK ABDULLA NAGAR - Bhavani Street located?

The Sub Registrar Office for SHAIK ABDULLA NAGAR - Bhavani Street is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.