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Guideline Value

Corporate

Guideline Value for Sri Sai Nagar 3rd Street

₹3850/sq.ft.

The guideline value for Sri Sai Nagar 3rd 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 ₹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 Street

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Sri Sai Nagar 3rd Street guideline value

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

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

The guideline value for Sri Sai Nagar 3rd Street has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 640 per sq.ft. This increased to Rs 711 per sq.ft in 2003, marking an increase of 11%. The next significant jump occurred in 2007, where the value rose to Rs 1,100 per sq.ft, reflecting a 55% increase. In 2012, the value was Rs 3,500 per sq.ft, which was a substantial increase of 218% from the previous revision.

From 2012 to 2017, the guideline value decreased to Rs 2,345 per sq.ft, representing a decline of 33%. However, this was followed by a significant increase to Rs 3,500 per sq.ft in 2023, which was a 49% rise. The most recent revision in 2024 set the value at Rs 3,850 per sq.ft, marking a 10% increase from the previous year.

Guideline values in Chenchery

In Chenchery village, 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 of Sri Sai Nagar 3rd Street is below this median.

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

For a 1,000 sq.ft plot at the current rate, the 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, totaling Rs 3,46,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Sri Sai Nagar 3rd Street?

The Sri Sai Nagar 3rd Street is covered by 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 is a crucial factor in the registration process when buying or selling property in Chenchery. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. The fees are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

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

The current guideline value of Sri Sai Nagar 3rd 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 seen several revisions, increasing from Rs 640 per sq.ft in 2002 to Rs 3,850 per sq.ft in 2024, which is an overall increase of 502%.

What is the median guideline value in Chenchery?

The median guideline value in Chenchery is Rs 4,400 per sq.ft, with Sri Sai Nagar 3rd Street's 2024 value being below this median.

What are the stamp duty and registration fees for properties in Sri Sai Nagar 3rd Street?

For a 1,000 sq.ft plot, the stamp duty would be Rs 2,69,500, and the registration fee would be Rs 77,000, totaling Rs 3,46,500 based on the current guideline value.

Which office handles registrations for Sri Sai Nagar 3rd Street?

The Virugambakkam Sub Registrar Office handles registrations for Sri Sai Nagar 3rd Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.