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Guideline Value

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Guideline Value for SHAIK ABDULLA NAGAR - Kaveri Street

₹2750/sq.ft.

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

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SHAIK ABDULLA NAGAR - Kaveri Street guideline value

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

The guideline value for SHAIK ABDULLA NAGAR - Kaveri Street has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 500 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2012, marking a 400% rise. However, in 2017, the value decreased to Rs 1,675 per sq.ft, reflecting a decline of 33%. The value then rose to Rs 2,500 per sq.ft in 2023, followed by the current value of Rs 2,750 per sq.ft in 2024, which is a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, the value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 450%. It is important to note that there are no figures available for the years 2002 and 2003 in the register 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 - Kaveri Street is below this median.

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

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the 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, totaling Rs 2,47,500. It is important to note that the 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 precise calculations based on your property details.

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

The Sub Registrar Office covering SHAIK ABDULLA NAGAR - Kaveri Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your specific SRO, you can visit find your SRO.

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 minimum value at which a property can be sold or purchased, ensuring that transactions are recorded accurately and transparently.

When you buy or sell property, the registration fees and stamp duty are calculated based on the guideline value or the sale price, whichever is higher. This ensures that both the government and the parties involved in the transaction are protected and that the property is valued appropriately.

Frequently asked questions

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

The current guideline value of SHAIK ABDULLA NAGAR - Kaveri 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 increased from Rs 500 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 450% over the years.

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

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

Where can I find the Sub Registrar Office for this area?

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

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500.