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Guideline Value

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Guideline Value for THIRU NAGAR - Durairaj Street

₹4400/sq.ft.

The guideline value for Thiru Nagar - Durairaj 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 - Durairaj Street

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THIRU NAGAR - Durairaj Street guideline value

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

How the guideline value of THIRU NAGAR - Durairaj Street has changed

The guideline value for THIRU NAGAR - Durairaj Street has undergone several revisions over the years. Starting from Rs 434 per sq.ft in 2002, the value increased to Rs 472 in 2003, marking a 9% rise. In 2007, the guideline value saw a significant jump to Rs 650 per sq.ft, which was a 38% increase from the previous revision. The value then surged to Rs 4,000 per sq.ft in 2012, representing a dramatic 515% increase. However, from 2012 to 2017, the value decreased to Rs 2,680 per sq.ft, a drop of 33%. The latest revision in 2024 set the value at Rs 4,400 per sq.ft, reflecting a 64% increase from the 2017 figure. Notably, there is no figure available for the 2023 revision for this street.

Overall, from 2002 to 2024, the guideline value has increased by 914%. This significant rise illustrates the changes in the property landscape over the years.

Guideline values in Valasaravakkam

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

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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty, charged at 7%, would be Rs 3,08,000, while the registration fee at 2% would be Rs 88,000. Therefore, the total cost for stamp duty and registration would be 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. You can also use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers THIRU NAGAR - Durairaj Street?

The Sub Registrar Office that covers THIRU NAGAR - Durairaj Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Valasaravakkam. It serves as a reference point for determining the amount of stamp duty and registration fees that need to be paid. Buyers and sellers should be aware that the guideline value is used to assess the official value of the property for taxation purposes.

When purchasing or selling a property, the guideline value ensures that the transaction is recorded accurately and transparently. It helps in maintaining uniformity in property valuations across the region, thereby facilitating smoother transactions.

Frequently asked questions

What is the current guideline value of THIRU NAGAR - Durairaj Street?

The current guideline value of THIRU NAGAR - Durairaj 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 is the land classification for THIRU NAGAR - Durairaj Street?

THIRU NAGAR - Durairaj Street is classified as Residential Class I Type - II.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for THIRU NAGAR - Durairaj Street is the Virugambakkam Sub Registrar Office, 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 based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 44,00,000, the stamp duty would amount to Rs 3,08,000 at a rate of 7%.