Guideline Value

Corporate

Guideline Value for Sundar Nagar 3rd Street

₹2750/sq.ft.

The guideline value for Sundar Nagar 3rd 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 3rd Street

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Sundar Nagar 3rd Street guideline value

The current guideline value of Sundar Nagar 3rd Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Maduravoyal village under the Virugambakkam SRO, classified as Residential Class IV Type - I.

How the guideline value of Sundar Nagar 3rd Street has changed

The guideline value for Sundar Nagar 3rd Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 133 per sq.ft. In 2003, it increased to Rs 146 per sq.ft, marking a 10% rise. By 2007, the value jumped significantly to Rs 300 per sq.ft, reflecting a 105% increase. The 2012 revision saw the value rise to Rs 2,500 per sq.ft, which was a substantial increase of 733%. However, in 2017, the value decreased to Rs 1,675 per sq.ft, representing a decline of 33%. The value then increased to Rs 2,500 per sq.ft in 2023, followed by the current value of Rs 2,750 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 1968%. There are no figures available for revisions in years other than those listed.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO that carry a 2024 guideline value 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, making the guideline value for Sundar Nagar 3rd Street below that median.

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

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sundar Nagar 3rd Street?

The Sub Registrar Office that covers Sundar Nagar 3rd 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 information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Maduravoyal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When you register a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of Sundar Nagar 3rd 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 1968% over this period.

What is the registration office for Sundar Nagar 3rd Street?

The registration office for Sundar Nagar 3rd Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What are the stamp duty rates for property in Sundar Nagar 3rd Street?

The stamp duty for property transactions in Sundar Nagar 3rd Street is charged at a rate of 7% on the guideline value or sale price, whichever is higher.

How do I calculate the total cost of buying property in Sundar Nagar 3rd Street?

To calculate the total cost of buying property, you need to consider the guideline value, stamp duty, and registration fees. For example, for a 1,000 sq.ft plot, the total cost would include the guideline value, stamp duty of 7%, and registration fee of 2%.