Guideline Value

Corporate

Guideline Value for THIRU NAGAR Annex

₹4400/sq.ft.

The guideline value for Thiru Nagar Annex 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 ₹650 /sq.ft.
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 Annex

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THIRU NAGAR Annex guideline value

The current guideline value of THIRU NAGAR Annex is Rs 4,400 per sq.ft, effective from 1 July 2024. This property 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 Annex has changed

The guideline value for THIRU NAGAR Annex has seen several revisions over the years. The 2007 revision set the value at Rs 650 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, reflecting a remarkable growth of 515%. However, between 2012 and 2017, the value decreased to Rs 2,680 per sq.ft, marking a decline of 33%. The subsequent revisions saw a rise to Rs 4,000 per sq.ft in 2023, followed by the current value of Rs 4,400 per sq.ft in 2024, indicating a 10% increase from the previous year.

In summary, from the 2007 revision to the current 2024 revision, the overall change in guideline value is an increase of 577%. Notably, there are no figures available for the years 2002 and 2003 for this street.

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 value is Rs 3,850 per sq.ft, positioning THIRU NAGAR Annex above this median with its current rate of Rs 4,400 per sq.ft.

Stamp duty and registration fee for property in THIRU NAGAR Annex

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 at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to 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 more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers THIRU NAGAR Annex?

The Sub Registrar Office that covers THIRU NAGAR Annex 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 serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these charges are based on the official value set by the government.

When a property transaction occurs, the buyer and seller must consider the guideline value to determine the applicable fees. This value helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of THIRU NAGAR Annex?

The current guideline value of THIRU NAGAR Annex 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 650 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 577% over this period.

What are the stamp duty and registration fees for property in THIRU NAGAR Annex?

For a 1,000 sq.ft plot valued at Rs 44,00,000, the stamp duty at 7% is Rs 3,08,000 and the registration fee at 2% is Rs 88,000, totaling Rs 3,96,000.

Which Sub Registrar Office covers THIRU NAGAR Annex?

The Virugambakkam Sub Registrar Office covers THIRU NAGAR Annex, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for THIRU NAGAR Annex?

THIRU NAGAR Annex is classified as Residential Class I Type - II, indicating its suitability for residential purposes.