Guideline Value

Corporate

Guideline Value for Saibaba Colony 1st Street

₹6600/sq.ft.

The guideline value for Saibaba Colony 1st Street 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 ₹388 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹350 /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 Saibaba Colony 1st Street

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Saibaba Colony 1st Street guideline value

The current guideline value of Saibaba Colony 1st Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Virugambakkam village, under the Virugambakkam SRO, and is classified as Residential Special Type - II.

How the guideline value of Saibaba Colony 1st Street has changed

The guideline value for Saibaba Colony 1st Street has undergone several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 350 per sq.ft. This increased to Rs 388 per sq.ft in 2003, marking an 11% rise. The value saw a significant jump to Rs 1,100 per sq.ft in 2007, which was a 184% increase. In 2012, the guideline value was Rs 6,000 per sq.ft, reflecting a substantial 445% increase from the previous revision.

In the 2017 revision, the value was noted at Rs 4,020 per sq.ft, which was a decrease of 33%. The guideline value rose again to Rs 6,000 per sq.ft in 2023, and the most recent revision in 2024 set it at Rs 6,600 per sq.ft, representing a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 1786%. There are no other revisions listed 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. The guideline value of Saibaba Colony 1st Street is above this median.

Stamp duty and registration fee for property in Saibaba Colony 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty is calculated at 7%, which amounts to Rs 4,62,000, and the registration fee is 2%, totaling Rs 1,32,000. Together, the total cost for stamp duty and registration fees would be Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Saibaba Colony 1st Street?

The Sub Registrar Office that covers Saibaba Colony 1st 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 is an important factor during the registration of property transactions in Virugambakkam. It serves as a benchmark for determining the minimum value at which the property can be registered. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value is used to calculate applicable stamp duty and registration fees. This ensures that the taxes levied are based on a standardized valuation, which helps maintain transparency in real estate transactions.

Frequently asked questions

What is the current guideline value of Saibaba Colony 1st Street?

The current guideline value of Saibaba Colony 1st Street 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 from Rs 350 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 1786% over the years.

What is the land classification for Saibaba Colony 1st Street?

Saibaba Colony 1st Street is classified as Residential Special Type - II.

Where can I find the registration office for Saibaba Colony 1st Street?

The registration office for Saibaba Colony 1st Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is 2% of the same value. For example, for a 1,000 sq.ft plot, the total guideline value would be Rs 66,00,000, resulting in a stamp duty of Rs 4,62,000 and a registration fee of Rs 1,32,000.