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Guideline Value

Corporate

Guideline Value for Sri Sai Nagar 3rd Main Road

₹3850/sq.ft.

The guideline value for Sri Sai Nagar 3rd Main Road in Chenchery village (Virugambakkam SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Chenchery

Village

Virugambakkam

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹711 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹640 /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 Sri Sai Nagar 3rd Main Road

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Sri Sai Nagar 3rd Main Road guideline value

The current guideline value of Sri Sai Nagar 3rd Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Chenchery village under the Virugambakkam SRO, classified as Residential Class II Type - I.

How the guideline value of Sri Sai Nagar 3rd Main Road has changed

The guideline value for Sri Sai Nagar 3rd Main Road has seen several revisions over the years. In 2002, the value was Rs 640 per sq.ft, which increased to Rs 711 per sq.ft in 2003, marking an 11% increase. The value then rose significantly to Rs 1,100 per sq.ft in 2007, representing a 55% increase. Following this, the value surged to Rs 3,500 per sq.ft in 2012, a remarkable 218% increase from the previous figure. However, it dropped to Rs 2,345 per sq.ft in 2017, reflecting a decrease of 33%. The value then increased to Rs 3,500 per sq.ft in 2023, a 49% rise, before reaching the current rate of Rs 3,850 per sq.ft in 2024, which is a 10% increase.

There are no figures available for the revisions in years other than those mentioned. The overall change from 2002 to 2024 shows an increase of 502% in the guideline value for this street.

Guideline values in Chenchery

In Chenchery, there are 44 streets under the Virugambakkam SRO that have a 2024 guideline value ranging from Rs 2,750 to Rs 7,700 per sq.ft, with a median value of Rs 4,400 per sq.ft. The guideline value for Sri Sai Nagar 3rd Main Road is below this median.

Stamp duty and registration fee for property in Sri Sai Nagar 3rd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total to Rs 3,46,500. It is important to note that 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 further assistance.

Which Sub Registrar Office covers Sri Sai Nagar 3rd Main Road?

The Sri Sai Nagar 3rd 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 Chenchery

The guideline value plays a crucial role when buying or selling property in Chenchery. It serves as a benchmark for determining the minimum value at which a property can be registered. This ensures that the government receives appropriate revenue through stamp duty and registration fees based on this value.

When a buyer and seller agree on a sale price, the higher of the sale price or the guideline value is used to calculate the stamp duty and registration fees. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sri Sai Nagar 3rd Main Road?

The current guideline value of Sri Sai Nagar 3rd Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed significantly, with an overall increase of 502% from Rs 640 per sq.ft in 2002 to Rs 3,850 per sq.ft in 2024.

What are the other streets with the same guideline value in Chenchery?

Other streets in Chenchery with the same guideline value of Rs 3,850 per sq.ft include Sri Sai Nagar 2nd Street, Sri Sai Nagar 3rd Street, Sri Sai Nagar 2nd Main Road, Sri Sai Nagar 4th Street, Sri Sai Nagar 1st Street, and Sri Sai Nagar 5th Street.

What is the registration fee for properties in Sri Sai Nagar 3rd Main Road?

The registration fee for properties in Sri Sai Nagar 3rd Main Road is 2% of the guideline value. For example, a property valued at Rs 38,50,000 would incur a registration fee of Rs 77,000.

Where is the Sub Registrar Office for Sri Sai Nagar 3rd Main Road located?

The Sub Registrar Office covering Sri Sai Nagar 3rd Main Road is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.