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Guideline Value

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Guideline Value for SHAIK ABDULLA NAGAR - Godhavari Street

₹2750/sq.ft.

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

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SHAIK ABDULLA NAGAR - Godhavari Street guideline value

The current guideline value for SHAIK ABDULLA NAGAR - Godhavari 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 - Godhavari Street has changed

The guideline value for SHAIK ABDULLA NAGAR - Godhavari Street 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, marking a 400% increase. However, from 2012 to 2017, the value decreased to Rs 1,675 per sq.ft, a decline of 33%. The next revision in 2023 saw a substantial rise to Rs 2,500 per sq.ft, followed by a further increase to the current value of Rs 2,750 per sq.ft in 2024, reflecting a 10% change.

Overall, from 2007 to 2024, the guideline value has increased 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 for SHAIK ABDULLA NAGAR - Godhavari Street is below this median.

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

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, 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 details.

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

The Sub Registrar Office that covers SHAIK ABDULLA NAGAR - Godhavari 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 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 during the transaction.

When a property is sold, the buyer must ensure that the sale price is at least equal to the guideline value to avoid any discrepancies during registration. This ensures that the property is accurately valued for taxation purposes.

Frequently asked questions

What is the current guideline value for SHAIK ABDULLA NAGAR - Godhavari Street?

The current guideline value for SHAIK ABDULLA NAGAR - Godhavari 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 for this street has undergone several revisions, increasing from Rs 500 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, which is an overall increase of 450%.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,92,500, and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which Sub Registrar Office covers this street?

The Virugambakkam Sub Registrar Office covers SHAIK ABDULLA NAGAR - Godhavari Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for SHAIK ABDULLA NAGAR - Godhavari Street?

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