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Guideline Value

Corporate

Guideline Value for Sri Sai Nagar 3rd Main Road

₹4400/sq.ft.

The guideline value for Sri Sai Nagar 3rd Main Road in Virugambakkam village (Virugambakkam SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Virugambakkam

Village

Virugambakkam

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /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 N/A
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 4,400 per sq.ft, effective from 1 July 2024. This street is located in Virugambakkam village, under the Virugambakkam SRO, and is classified as Residential Class III 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 undergone several revisions over the years. The earliest recorded figure is from 2003, which was Rs 711 per sq.ft. This increased to Rs 1,100 per sq.ft in 2007, marking a rise of 55%. The value then saw a significant jump to Rs 4,000 per sq.ft in 2012, which is an increase of 264%. However, it decreased to Rs 2,680 per sq.ft in 2017, reflecting a drop of 33%. The 2023 revision set the value at Rs 4,000 per sq.ft, and the current 2024 revision has further increased it to Rs 4,400 per sq.ft, a rise of 10% from the previous year.

The register has no figure for the year 2002. Overall, from 2003 to 2024, the guideline value has increased by 519%.

Guideline values in Virugambakkam

In Virugambakkam, there are 391 streets under the Virugambakkam SRO with a 2024 guideline value ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median value is Rs 4,400 per sq.ft, which is equal to the guideline value of Sri Sai Nagar 3rd Main Road.

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 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

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 details.

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

The guideline value is a crucial factor in the registration process of property transactions in Virugambakkam. It serves as a benchmark for determining the minimum price at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. It is essential for ensuring transparency and fairness in property transactions.

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 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 711 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 519% over the years.

What is the stamp duty for property in Sri Sai Nagar 3rd Main Road?

The stamp duty for property in Sri Sai Nagar 3rd Main Road is 7% of the guideline value or the sale price, whichever is higher.

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

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

What is the land classification for Sri Sai Nagar 3rd Main Road?

Sri Sai Nagar 3rd Main Road is classified as Residential Class III Type - I.