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Guideline Value

Corporate

Guideline Value for THIRU NAGAR - Arumuga Nainar 1st Street

₹4400/sq.ft.

The guideline value for Thiru Nagar - Arumuga Nainar 1st Street in Valasaravakkam 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 I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Valasaravakkam

Village

Virugambakkam

SRO

Residential Class I Type - II
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 N/A
From 1-4-2003 To 31-7-2007 N/A
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 Thiru Nagar - Arumuga Nainar 1st Street

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THIRU NAGAR - Arumuga Nainar 1st Street guideline value

The current guideline value of THIRU NAGAR - Arumuga Nainar 1st Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village, under the Virugambakkam SRO, and is classified as Residential Class I Type - II.

How the guideline value of THIRU NAGAR - Arumuga Nainar 1st Street has changed

The guideline value for THIRU NAGAR - Arumuga Nainar 1st Street has seen several revisions over the years. The 2012 revision set the value at Rs 4,000 per sq.ft, which was then decreased to Rs 2,680 per sq.ft in the 2017 revision. Following this, the value significantly increased to Rs 4,000 per sq.ft in the 2023 revision, and finally, it rose to Rs 4,400 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median value is Rs 3,850 per sq.ft, placing THIRU NAGAR - Arumuga Nainar 1st Street's 2024 figure above this median.

Stamp duty and registration fee for property in THIRU NAGAR - Arumuga Nainar 1st Street

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value would be 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, totaling 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers THIRU NAGAR - Arumuga Nainar 1st Street?

The Sub Registrar Office that covers THIRU NAGAR - Arumuga Nainar 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 Valasaravakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Valasaravakkam. It helps determine the stamp duty and registration fees that need to be paid, which are based on the guideline value or the sale price, whichever is higher.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, reflecting the current market conditions as set by the Registration Department. This process aids in maintaining transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of THIRU NAGAR - Arumuga Nainar 1st Street?

The current guideline value of THIRU NAGAR - Arumuga Nainar 1st Street 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 4,000 per sq.ft in 2023 to Rs 4,400 per sq.ft in 2024, marking a 10% increase. It was Rs 2,680 per sq.ft in 2017, showing a significant increase of 49% to the 2023 figure.

What is the land classification for THIRU NAGAR - Arumuga Nainar 1st Street?

THIRU NAGAR - Arumuga Nainar 1st Street is classified as Residential Class I Type - II.

Which office handles registrations for this street?

The Virugambakkam Sub Registrar Office handles registrations for THIRU NAGAR - Arumuga Nainar 1st Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000.