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Guideline Value

Corporate

Guideline Value for Saibaba Colony 2nd Cross Street

₹6600/sq.ft.

The guideline value for Saibaba Colony 2nd Cross 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 2nd Cross Street

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Saibaba Colony 2nd Cross Street guideline value

The current guideline value of Saibaba Colony 2nd Cross Street 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 Saibaba Colony 2nd Cross Street has changed

The guideline value for Saibaba Colony 2nd Cross Street has seen significant changes over the years. In 2002, the guideline value was Rs 350 per sq.ft. This figure increased to Rs 388 per sq.ft in 2003, marking an 11% rise. The value continued to rise dramatically, reaching Rs 1,100 per sq.ft in 2007, which represented a 184% increase. By 2012, the guideline value was Rs 6,000 per sq.ft, reflecting a substantial 445% increase from the previous revision.

In 2017, the guideline value decreased to Rs 4,020 per sq.ft, a decline of 33%. However, from 2017 to 2023, it surged to Rs 6,000 per sq.ft, showing a 49% increase. The most recent revision in 2024 set the guideline value at Rs 6,600 per sq.ft, which is a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 1786%.

Guideline values in Virugambakkam

In Virugambakkam, there are 391 streets under the Virugambakkam SRO, with guideline values ranging 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 Saibaba Colony 2nd Cross Street's 2024 figure above that median.

Stamp duty and registration fee for property in Saibaba Colony 2nd Cross 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 at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total cost for these fees to Rs 5,94,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Saibaba Colony 2nd Cross Street?

The Sub Registrar Office that covers Saibaba Colony 2nd Cross Street 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 registering property transactions in Virugambakkam. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction is documented accurately for tax purposes.

When buying or selling property, the guideline value influences the calculation of stamp duty and registration fees. Buyers must be aware that these fees are calculated based on the higher of the guideline value or the sale price, which ensures compliance with legal and financial regulations.

Frequently asked questions

What is the current guideline value of Saibaba Colony 2nd Cross Street?

The current guideline value of Saibaba Colony 2nd Cross Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 350 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, an overall increase of 1786%.

What is the land classification for Saibaba Colony 2nd Cross Street?

The land classification for Saibaba Colony 2nd Cross Street is Residential Special Type - II.

Where can I find the registration office for Saibaba Colony 2nd Cross Street?

The registration office for Saibaba Colony 2nd Cross 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 and registration fees are 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 Rs 6,600 per sq.ft incurs a total fee of Rs 5,94,000.