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Guideline Value

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Guideline Value for SHATHIK BATCHA NAGAR - Main Road

₹2750/sq.ft.

The guideline value for Shathik Batcha Nagar - Main Road 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 ₹349 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹315 /sq.ft.
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 Shathik Batcha Nagar - Main Road

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SHATHIK BATCHA NAGAR - Main Road guideline value

The current guideline value of SHATHIK BATCHA NAGAR - Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This property is located in Virugambakkam village, under the Virugambakkam SRO, and is classified as Residential Class IV Type - II.

How the guideline value of SHATHIK BATCHA NAGAR - Main Road has changed

The guideline value for SHATHIK BATCHA NAGAR - Main Road has seen several revisions over the years. In 2002, the value was Rs 315 per sq.ft, which increased to Rs 349 per sq.ft in 2003, marking an 11% rise. The value then rose to Rs 500 per sq.ft in 2007, a significant increase of 43%. By 2012, the value was Rs 2,500 per sq.ft, showing a remarkable 400% increase from the previous revision. However, it decreased to Rs 1,675 per sq.ft in 2017, reflecting a decline of 33%.

In 2023, the guideline value was revised to Rs 2,500 per sq.ft, and in the latest revision for 2024, it increased to Rs 2,750 per sq.ft, which is a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 773%. There are no figures available for the years not listed in the register for this street.

Guideline values in Virugambakkam

In Virugambakkam, there are 391 streets under the Virugambakkam SRO with a 2024 guideline value range 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, placing SHATHIK BATCHA NAGAR - Main Road below this median.

Stamp duty and registration fee for property in SHATHIK BATCHA NAGAR - Main Road

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 be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, making the total cost Rs 2,47,500. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers SHATHIK BATCHA NAGAR - Main Road?

The Sub Registrar Office that covers SHATHIK BATCHA NAGAR - Main Road 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 an essential factor in the registration process when buying or selling property in Virugambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of SHATHIK BATCHA NAGAR - Main Road?

The current guideline value of SHATHIK BATCHA NAGAR - Main Road 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 315 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 773% over the years.

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

For a 1,000 sq.ft plot, the total guideline value would be Rs 27,50,000. The stamp duty would be Rs 1,92,500, and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which office handles registrations for SHATHIK BATCHA NAGAR - Main Road?

The Virugambakkam Sub Registrar Office handles registrations for SHATHIK BATCHA NAGAR - Main Road, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for SHATHIK BATCHA NAGAR - Main Road?

SHATHIK BATCHA NAGAR - Main Road is classified as Residential Class IV Type - II, which is important for understanding the zoning regulations in the area.