Guideline Value

Corporate

Guideline Value for Sundar Nagar 1st Street

₹2750/sq.ft.

The guideline value for Sundar Nagar 1st Street in Maduravoyal village (Virugambakkam SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Maduravoyal

Village

Virugambakkam

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹146 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹133 /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 Sundar Nagar 1st Street

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Sundar Nagar 1st Street guideline value

The current guideline value of Sundar Nagar 1st Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Maduravoyal village under the Virugambakkam SRO, and it falls under the Residential Class IV Type - I land classification.

How the guideline value of Sundar Nagar 1st Street has changed

The guideline value for Sundar Nagar 1st Street has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 133 per sq.ft. This increased to Rs 146 per sq.ft in 2003, marking a 10% rise. The value then surged significantly to Rs 300 per sq.ft in 2007, a 105% increase. Following that, in 2012, the value was Rs 2,500 per sq.ft, which represented a substantial increase of 733% from the previous revision. However, the value dropped to Rs 1,675 per sq.ft in 2017, a decrease of 33%. The 2023 revision saw an increase to Rs 2,500 per sq.ft, and the most recent revision in 2024 raised it to Rs 2,750 per sq.ft, a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1,968%. There are no figures available for the years not mentioned in the register for this street.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO, with guideline values for 2024 ranging from Rs 2,200 to Rs 6,050 per sq.ft. The median value for these streets is Rs 3,050 per sq.ft, which means that the guideline value for Sundar Nagar 1st Street is below this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your stamp duty and registration fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sundar Nagar 1st Street?

The Sub Registrar Office that covers Sundar 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 Maduravoyal

The guideline value is a crucial factor when registering property transactions in Maduravoyal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the guideline value is used to assess the applicable duties, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction. This process helps maintain transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value of Sundar Nagar 1st Street?

The current guideline value of Sundar Nagar 1st Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 133 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 1,968% over this period.

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

Other streets in Maduravoyal with the same guideline value of Rs 2,750 per sq.ft for 2024 include Sundar Nagar 2nd Street, Sundar Nagar 3rd Street, Sundar Nagar 4th Street, Sundar Nagar 5th Street, and Sundar Nagar 6th Street.

How is stamp duty calculated for properties in Sundar Nagar 1st Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,50,000, the stamp duty at 7% would be Rs 1,92,500.

Where can I find the Sub Registrar Office for Sundar Nagar 1st Street?

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