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

Guideline Value

Corporate

Guideline Value for Sri Sai Nagar 6th Street

₹3850/sq.ft.

The guideline value for Sri Sai Nagar 6th 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 ₹1500 /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 6th 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 6th Street guideline value

The current guideline value of Sri Sai Nagar 6th Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Chenchery village, under the jurisdiction of the Virugambakkam SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Sri Sai Nagar 6th Street has changed

The guideline value for Sri Sai Nagar 6th Street has seen several revisions over the years. In 2002, the guideline value was Rs 640 per sq.ft. This increased to Rs 711 per sq.ft in 2003, marking an increase of 11%. The value continued to rise, reaching Rs 1,500 per sq.ft in 2007, which was a significant increase of 111%. In 2012, the value was recorded at Rs 3,500 per sq.ft, reflecting a decrease of 33% from the previous revision. The 2017 revision saw a substantial increase to Rs 2,345 per sq.ft, which was a rise of 49%. The guideline value then increased to Rs 3,500 per sq.ft in 2023, and finally to Rs 3,850 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 502%. The register does not have figures for the years between 2012 and 2017, and also does not contain any figures for the years not mentioned above.

Guideline values in Chenchery

In Chenchery, there are 44 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 7,700 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, indicating that the 2024 figure for Sri Sai Nagar 6th Street is below this median.

Stamp duty and registration fee for property in Sri Sai Nagar 6th Street

For a 1,000 sq.ft plot at the current rate of Rs 3,850 per sq.ft, 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, bringing the total to Rs 3,46,500. 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 6th Street?

The Sub Registrar Office that covers Sri Sai Nagar 6th 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 an essential factor in the registration process of property transactions in Chenchery. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction. This value helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Sri Sai Nagar 6th Street?

The current guideline value of Sri Sai Nagar 6th 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, reflecting an overall increase of 502% over the years.

What is the land classification for Sri Sai Nagar 6th Street?

Sri Sai Nagar 6th Street is classified as Residential Class II Type - I, indicating its designation for residential use.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500, and the registration fee would be Rs 77,000, totaling Rs 3,46,500.

Which office handles property registrations for Sri Sai Nagar 6th Street?

The Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037, handles property registrations for Sri Sai Nagar 6th Street.