Guideline Value

Corporate

Guideline Value for Sammanda Naicker Road

₹2750/sq.ft.

The guideline value for Sammanda Naicker Road in Maduravoyal 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 - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Maduravoyal

Village

Virugambakkam

SRO

Residential Class IV Type - I
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 ₹750 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹669 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹611 /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 Sammanda Naicker Road

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Sammanda Naicker Road guideline value

The current guideline value of Sammanda Naicker Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This road is located in Maduravoyal village, under the Virugambakkam SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Sammanda Naicker Road has changed

Over the years, the guideline value of Sammanda Naicker Road has undergone several revisions. The earliest recorded figure is from 2002, with a guideline value of Rs 611 per sq.ft. This increased to Rs 669 per sq.ft in 2003, marking a 9% rise. In 2007, the value saw a significant jump to Rs 750 per sq.ft, which is a 12% increase from the previous revision. The 2012 revision recorded a higher value of Rs 2,500 per sq.ft, reflecting a substantial increase of 233% from 2007. However, the value dropped to Rs 1,675 per sq.ft in the 2017 revision, indicating a decrease of 33% from 2012.

From 2017 to 2023, the guideline value rose sharply to Rs 2,500 per sq.ft, which is a 49% increase. The most recent revision in 2024 set the guideline value at Rs 2,750 per sq.ft, representing a 10% increase from 2023. There are no figures available for revisions in years other than those specified.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 6,050 per sq.ft. The median value of these streets is Rs 3,050 per sq.ft, placing Sammanda Naicker Road's 2024 figure below that median.

Stamp duty and registration fee for property in Sammanda Naicker Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty, charged at 7%, would be Rs 1,92,500, while the registration fee at 2% would be Rs 55,000. Together, the total fees would amount to Rs 2,47,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sammanda Naicker Road?

The Sub Registrar Office that covers Sammanda Naicker Road 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 Maduravoyal

The guideline value is a critical factor during the registration of property transactions in Maduravoyal. It serves as the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must consider this value when determining the sale price of the property to ensure compliance with legal requirements.

When a property is registered, the guideline value helps to establish a fair basis for taxation. Both buyers and sellers should be aware that the stamp duty is charged on the higher of the guideline value or the actual sale price, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sammanda Naicker Road?

The current guideline value of Sammanda Naicker Road 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 from Rs 611 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 350% over this period.

What is the land classification for Sammanda Naicker Road?

Sammanda Naicker Road is classified as Residential Class IV Type - I.

What is the stamp duty rate for properties in Maduravoyal?

The stamp duty rate for properties in Maduravoyal is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sammanda Naicker Road?

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