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Guideline Value

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Guideline Value for THIRU NAGAR - Arumuga Nainar Street

₹4400/sq.ft.

The guideline value for Thiru Nagar - Arumuga Nainar Street in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. 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 N/A
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 ₹650 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹472 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹434 /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 Thiru Nagar - Arumuga Nainar Street

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THIRU NAGAR - Arumuga Nainar Street guideline value

The current guideline value of THIRU NAGAR - Arumuga Nainar Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village under the Virugambakkam Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - II.

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

Since the 2002 revision, the guideline value has seen significant changes. In 2002, the value was Rs 434 per sq.ft, which increased to Rs 472 per sq.ft in 2003. By 2007, the value rose dramatically to Rs 650 per sq.ft, marking an increase of 38%. The 2012 revision saw a substantial jump to Rs 4,000 per sq.ft, a 515% increase from the previous figure. However, in 2017, the value decreased to Rs 2,680 per sq.ft, reflecting a decline of 33%. The most recent 2024 revision has set the value at Rs 4,400 per sq.ft, which is a 64% increase from 2017.

It is important to note that there is no figure for this street in the 2023 revision. Overall, from 2002 to 2024, the guideline value has increased by 914%.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO, with the 2024 guideline values ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,850 per sq.ft, placing THIRU NAGAR - Arumuga Nainar Street above this median.

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

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to 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 duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

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

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

The guideline value is a crucial factor in the registration process when buying or selling property in Valasaravakkam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is officially recorded at a standard value.

When a property is sold, the seller and buyer must agree on a sale price that is at least equal to the guideline value. This ensures that the transaction is transparent and compliant with local regulations, protecting both parties involved.

Frequently asked questions

What is the current guideline value for THIRU NAGAR - Arumuga Nainar Street?

The current guideline value for THIRU NAGAR - Arumuga Nainar 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 significantly from Rs 434 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 914% over the years.

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

Other streets in Valasaravakkam with the same guideline value of Rs 4,400 per sq.ft include THIRU NAGAR - Arumuga Nainar 2nd Street, THIRU NAGAR - Durairaj Street, THIRU NAGAR - Arumuga Nainar 1st Street, THIRU NAGAR Annex 1st Street, THIRU NAGAR Annex, and THIRU NAGAR - Krishnan Street.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in THIRU NAGAR - Arumuga Nainar Street is 7% of the guideline value or the sale price, whichever is higher.

Which office handles property registrations for THIRU NAGAR - Arumuga Nainar Street?

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