Guideline Value

Corporate

Guideline Value for Sannathi 1st Cross Street

₹3050/sq.ft.

The guideline value for Sannathi 1st Cross Street in Maduravoyal village (Virugambakkam SRO, Chennai zone) is Rs 3050 per sq.ft, effective 1 July 2024. It was Rs 2750 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Maduravoyal

Village

Virugambakkam

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹3050 /sq.ft.
From 1-4-2023 ₹2750 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1842 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2750 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹212 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹193 /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 Sannathi 1st Cross Street

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Sannathi 1st Cross Street guideline value

The current guideline value of Sannathi 1st Cross Street is Rs 3,050 per sq.ft, effective from 1 July 2024. This street is located in Maduravoyal village, under the Virugambakkam SRO, and is classified as Residential Class III Type - I.

How the guideline value of Sannathi 1st Cross Street has changed

The guideline value for Sannathi 1st Cross Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 193 per sq.ft, which increased to Rs 212 per sq.ft in 2003. The following revisions were significant, with the value jumping to Rs 400 per sq.ft in 2007, and then experiencing a remarkable increase to Rs 2,750 per sq.ft in 2012. However, it decreased to Rs 1,842 per sq.ft in 2017. The value rose again to Rs 2,750 per sq.ft in 2023, and now stands at Rs 3,050 per sq.ft from the 2024 revision.

In terms of percentage changes, the guideline value increased by 11% from 2023 to 2024. Between 2017 and 2023, there was a notable increase of 49%. The value decreased by 33% from 2012 to 2017, while it saw a significant increase of 588% from 2007 to 2012. The value rose by 89% from 2003 to 2007, and by 10% from 2002 to 2003. Overall, from 2002 to 2024, the guideline value has increased by 1,480%.

Guideline values in Maduravoyal

In Maduravoyal, there are a total of 636 streets under the Virugambakkam SRO carrying a 2024 guideline value, ranging from Rs 2,200 to Rs 6,050 per sq.ft. The median guideline value for these streets is Rs 3,050 per sq.ft, which is equal to the 2024 figure for Sannathi 1st Cross Street.

Stamp duty and registration fee for property in Sannathi 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,050 per sq.ft, the total guideline value amounts to Rs 30,50,000. The stamp duty at 7% would be Rs 2,13,500, and the registration fee at 2% would be Rs 61,000. Together, the total cost for these fees would be Rs 2,74,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sannathi 1st Cross Street?

The Sub Registrar Office that covers Sannathi 1st Cross Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Maduravoyal. It is used to determine the stamp duty and registration fees applicable to the transaction. Buyers must ensure that the guideline value is considered, as it affects the overall cost of the property transfer.

When a property is sold, the guideline value serves as a benchmark for the transaction. If the sale price is higher than the guideline value, the duty is charged based on the sale price. Conversely, if the sale price is lower, the duty is calculated on the guideline value.

Frequently asked questions

What is the current guideline value of Sannathi 1st Cross Street?

The current guideline value of Sannathi 1st Cross Street is Rs 3,050 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 193 per sq.ft in 2002 to Rs 3,050 per sq.ft in 2024, reflecting an overall increase of 1,480%.

What is the stamp duty rate for properties in Sannathi 1st Cross Street?

The stamp duty rate for properties in Sannathi 1st Cross Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Virugambakkam Sub Registrar Office located?

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

How is the guideline value determined for properties in Maduravoyal?

The guideline value for properties in Maduravoyal is determined by the Registration Department's guideline value register, which is updated periodically based on various factors.