Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Sri Sai Nagar 1st Street

₹3850/sq.ft.

The guideline value for Sri Sai Nagar 1st Street 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 ₹900 /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 1st Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Sri Sai Nagar 1st Street guideline value

The current guideline value of Sri Sai Nagar 1st Street, located in Chenchery village under the Virugambakkam SRO, is Rs 3,850 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Sri Sai Nagar 1st Street has changed

The guideline value for Sri Sai Nagar 1st Street has seen several revisions over the years. In 2002, the guideline value was Rs 640 per sq.ft. It increased to Rs 711 per sq.ft in 2003, followed by a rise to Rs 900 per sq.ft in 2007. The value then jumped significantly to Rs 3,500 per sq.ft in 2012, before dropping to Rs 2,345 per sq.ft in 2017. The most recent revisions show an increase to Rs 3,500 per sq.ft in 2023, and then to the current value of Rs 3,850 per sq.ft in 2024.

Between the revisions, the most notable changes include a 289% increase from 2007 to 2012, and a 49% increase from 2017 to 2023. The guideline value has increased overall by 502% from 2002 to 2024. There are no figures available for the years not mentioned in the register for this street.

Guideline values in Chenchery

In Chenchery, there are 44 streets under the Virugambakkam SRO that carry 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 1st Street is below this median.

Stamp duty and registration fee for property in Sri Sai Nagar 1st Street

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 be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, making the total cost for these fees Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Sai Nagar 1st Street?

The Sub Registrar Office that covers Sri Sai Nagar 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 details.

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

The guideline value is a crucial factor when registering property transactions in Chenchery. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is registered, the guideline value is compared to the sale price, and the higher value is used to calculate the applicable fees. This ensures that the fees reflect the value of the property being transferred.

Frequently asked questions

What is the current guideline value for Sri Sai Nagar 1st Street?

The current guideline value for Sri Sai Nagar 1st Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 640 per sq.ft in 2002 to Rs 3,850 per sq.ft in 2024, showing an overall increase of 502% over the years.

What are the stamp duty and registration fees for property in Sri Sai Nagar 1st Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 38,50,000, leading to a stamp duty of Rs 2,69,500 and a registration fee of Rs 77,000, totaling Rs 3,46,500.

Which Sub Registrar Office is responsible for Sri Sai Nagar 1st Street?

The Virugambakkam Sub Registrar Office is responsible for Sri Sai Nagar 1st Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for Sri Sai Nagar 1st Street?

Sri Sai Nagar 1st Street is classified as Residential Class II Type - I, which influences its guideline value and usage in property transactions.