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Guideline Value

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Guideline Value for SRI VENKATESH NAGAR - Munusamy Street

₹4950/sq.ft.

The guideline value for Sri Venkatesh Nagar - Munusamy Street in Virugambakkam village (Virugambakkam SRO, Chennai zone) is Rs 4950 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Virugambakkam

Village

Virugambakkam

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹4950 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹737 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹665 /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 Sri Venkatesh Nagar - Munusamy Street

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SRI VENKATESH NAGAR - Munusamy Street guideline value

The current guideline value of SRI VENKATESH NAGAR - Munusamy Street is Rs 4,950 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 II Type - II.

How the guideline value of SRI VENKATESH NAGAR - Munusamy Street has changed

The guideline value for SRI VENKATESH NAGAR - Munusamy Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 665 per sq.ft. This increased to Rs 737 per sq.ft in 2003, marking an increase of 11%. The value continued to rise, reaching Rs 1,100 per sq.ft in 2007, which was a significant increase of 49%. In 2012, the guideline value was Rs 4,500 per sq.ft, reflecting a substantial increase of 309% from the previous revision. However, in 2017, the value decreased to Rs 3,015 per sq.ft, a decline of 33%. The 2023 revision set the value at Rs 4,500 per sq.ft, which then increased to Rs 4,950 per sq.ft in 2024, showing a rise of 10%.

Overall, from 2002 to 2024, the guideline value has increased by 644%. There are no figures available for the revisions of 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 ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, making the 2024 figure for SRI VENKATESH NAGAR - Munusamy Street above this median.

Stamp duty and registration fee for property in SRI VENKATESH NAGAR - Munusamy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value would be Rs 49,50,000. The stamp duty at 7% would amount to Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, bringing the total to Rs 4,45,500. 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 detailed calculations.

Which Sub Registrar Office covers SRI VENKATESH NAGAR - Munusamy Street?

The Sub Registrar Office that covers SRI VENKATESH NAGAR - Munusamy 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 information.

How the guideline value is used when you buy or sell in Virugambakkam

The guideline value plays a crucial role when buying or selling property in Virugambakkam. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used to calculate the applicable duties.

When registering a property, it is essential to ensure that the guideline value is accurately reflected to avoid any discrepancies. This ensures compliance with local regulations and helps in the smooth transfer of property ownership.

Frequently asked questions

What is the current guideline value of SRI VENKATESH NAGAR - Munusamy Street?

The current guideline value of SRI VENKATESH NAGAR - Munusamy Street is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 665 per sq.ft in 2002 to Rs 4,950 per sq.ft in 2024, marking a total increase of 644% over the years.

What is the land classification for SRI VENKATESH NAGAR - Munusamy Street?

The land classification for SRI VENKATESH NAGAR - Munusamy Street is Residential Class II Type - II.

What are the stamp duty rates for property in this area?

The stamp duty rate for property in SRI VENKATESH NAGAR - Munusamy Street is 7%, and the registration fee is 2% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located for this street?

The Sub Registrar Office for SRI VENKATESH NAGAR - Munusamy Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.