Guideline Value

Corporate

Guideline Value for Sai Baba Colony Main Road

₹6600/sq.ft.

The guideline value for Sai Baba Colony Main Road in Virugambakkam village (Virugambakkam SRO, Chennai zone) is Rs 6600 per sq.ft, effective 1 July 2024. It was Rs 6000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Virugambakkam

Village

Virugambakkam

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹6600 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4020 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹900 /sq.ft.
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 Sai Baba Colony Main Road

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Sai Baba Colony Main Road guideline value

The current guideline value of Sai Baba Colony Main Road is Rs 6,600 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 Special Type - II.

How the guideline value of Sai Baba Colony Main Road has changed

The guideline value for Sai Baba Colony Main Road has seen several revisions over the years. In 2003, the guideline value was Rs 900 per sq.ft, which increased to Rs 1,100 per sq.ft in 2007. The value then rose significantly to Rs 6,000 per sq.ft in 2012, before dropping to Rs 4,020 per sq.ft in 2017. The value increased substantially again to Rs 6,000 per sq.ft in 2023, and now stands at Rs 6,600 per sq.ft as of the 2024 revision. The register has no figure for this street for the year 2002.

From 2017 to 2023, the increase was 49%, while the jump from 2023 to 2024 was 10%. The value saw a remarkable rise of 445% from 2007 to 2012. Overall, from 2003 to 2024, the guideline value has increased by 633%.

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. The median guideline value is Rs 4,400 per sq.ft, making the current value of Sai Baba Colony Main Road above this median.

Stamp duty and registration fee for property in Sai Baba Colony Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total costs to Rs 5,94,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sai Baba Colony Main Road?

The Sai Baba Colony Main Road falls under the jurisdiction of 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 essential for property transactions in Virugambakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value serves as a benchmark for calculating stamp duty and registration fees.

It is crucial for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during property transactions. This helps in avoiding disputes and ensures that all parties are informed about the financial implications of the sale.

Frequently asked questions

What is the current guideline value of Sai Baba Colony Main Road?

The current guideline value of Sai Baba Colony Main Road is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 900 per sq.ft in 2003 and reaching Rs 6,600 per sq.ft in 2024, marking an overall increase of 633% over the years.

What is the land classification for Sai Baba Colony Main Road?

The land classification for Sai Baba Colony Main Road is Residential Special Type - II, indicating its use for residential purposes.

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

For a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000 and the registration fee would be Rs 1,32,000, totaling Rs 5,94,000.

Where can I find the Virugambakkam Sub Registrar Office?

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