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Guideline Value

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Guideline Value for SHAIK ABDULLA NAGAR - Yamuna Street

₹2750/sq.ft.

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

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SHAIK ABDULLA NAGAR - Yamuna Street guideline value

The current guideline value for SHAIK ABDULLA NAGAR - Yamuna Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Virugambakkam village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class IV Type - II.

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

Over the years, the guideline value for SHAIK ABDULLA NAGAR - Yamuna Street has seen significant changes. The 2007 revision recorded a guideline value of Rs 500 per sq.ft, which increased dramatically to Rs 2,500 per sq.ft in the 2012 revision, marking a 400% increase. However, this value decreased to Rs 1,675 per sq.ft in the 2017 revision, a reduction of 33%. The next revision in 2023 saw a substantial increase to Rs 2,500 per sq.ft, followed by a further rise to Rs 2,750 per sq.ft in the 2024 revision, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the current 2024 figure, there has been a remarkable increase of 450%. Notably, there are no figures available for the revisions from 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. SHAIK ABDULLA NAGAR - Yamuna Street's 2024 guideline value is below this median.

Stamp duty and registration fee for property in SHAIK ABDULLA NAGAR - Yamuna 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, 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. You can use the stamp duty and registration fee calculator for more information.

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

SHAIK ABDULLA NAGAR - Yamuna Street is covered by 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 is a crucial factor when buying or selling property in Virugambakkam. It is used to determine the stamp duty and registration fees that are applicable during the registration process. Buyers and sellers should be aware that the guideline value may influence the overall costs associated with property transactions.

When a property is registered, the guideline value serves as a benchmark for the transaction price. If the sale price is higher than the guideline value, the duty is calculated based on the sale price. Therefore, understanding the guideline value is essential for anyone engaging in property transactions in this area.

Frequently asked questions

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

The current guideline value of SHAIK ABDULLA NAGAR - Yamuna 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 the years.

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

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

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

For a plot of 1,000 sq.ft 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 - Yamuna Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.