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Guideline Value

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Guideline Value for SHAIK ABDULLA NAGAR - Sindhu Street

₹2750/sq.ft.

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

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SHAIK ABDULLA NAGAR - Sindhu Street guideline value

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

The guideline value for SHAIK ABDULLA NAGAR - Sindhu Street has undergone 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% rise. However, it saw a decrease to Rs 1,675 per sq.ft in 2017, a drop of 33%. The value then rose to Rs 2,500 per sq.ft in 2023, followed by a further increase to the current rate of Rs 2,750 per sq.ft in 2024, reflecting a 10% increase.

There are no recorded figures for SHAIK ABDULLA NAGAR - Sindhu Street in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Virugambakkam

In Virugambakkam, there are 391 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median guideline value in this area is Rs 4,400 per sq.ft, indicating that the 2024 figure for SHAIK ABDULLA NAGAR - Sindhu Street is below this median.

Stamp duty and registration fee for property in SHAIK ABDULLA NAGAR - Sindhu 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 fees together 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 - Sindhu Street?

The Sub Registrar Office that covers SHAIK ABDULLA NAGAR - Sindhu 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 of property transactions in Virugambakkam. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded accurately. This helps in maintaining transparency and legality in property transactions, ensuring that all parties are aware of the financial implications involved.

Frequently asked questions

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

The current guideline value of SHAIK ABDULLA NAGAR - Sindhu 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 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 are the stamp duty and registration fees for property in this area?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 2,47,500.

Which Sub Registrar Office covers this street?

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

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

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