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Guideline Value

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Guideline Value for SHATHIK BATCHA SHAIK ABDULLA NAGAR & Others

₹2750/sq.ft.

The guideline value for Shathik Batcha Shaik Abdulla Nagar & Others 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 Shathik Batcha Shaik Abdulla Nagar & Others

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SHATHIK BATCHA SHAIK ABDULLA NAGAR & Others guideline value

The current guideline value for SHATHIK BATCHA SHAIK ABDULLA NAGAR & Others is Rs 2,750 per sq.ft, effective from 1 July 2024. This area 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 SHAIK ABDULLA NAGAR & Others has changed

The guideline value for SHATHIK BATCHA SHAIK ABDULLA NAGAR & Others has undergone several revisions over the years. The earliest recorded revision is from 2007, where the guideline value was Rs 500 per sq.ft. This figure increased significantly to Rs 2,500 per sq.ft in 2012, marking a 400% rise. However, it then decreased to Rs 1,675 per sq.ft in 2017, which was a reduction of 33%. The value further increased to Rs 2,500 per sq.ft in 2023, reflecting a 49% increase from the previous revision. The most recent revision in 2024 set the guideline value at Rs 2,750 per sq.ft, which is a 10% increase from 2023.

The register has no figures for the years 2002 and 2003 for this street. 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 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 SHATHIK BATCHA SHAIK ABDULLA NAGAR & Others is below this median.

Stamp duty and registration fee for property in SHATHIK BATCHA SHAIK ABDULLA NAGAR & Others

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, leading to a total of 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.

Which Sub Registrar Office covers SHATHIK BATCHA SHAIK ABDULLA NAGAR & Others?

The Sub Registrar Office that covers SHATHIK BATCHA SHAIK ABDULLA NAGAR & Others is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your 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 buying or selling property in Virugambakkam, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are essential costs in the property transaction process.

When a property is sold, the buyer must pay stamp duty 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 for SHATHIK BATCHA SHAIK ABDULLA NAGAR & Others?

The current guideline value for SHATHIK BATCHA SHAIK ABDULLA NAGAR & Others 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 of SHATHIK BATCHA SHAIK ABDULLA NAGAR & Others?

SHATHIK BATCHA SHAIK ABDULLA NAGAR & Others is classified as Residential Class IV Type - II.

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

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 1,92,500.