Guideline Value

Corporate

Guideline Value for TIGER VARADHACHARIAR ROAD

₹11000/sq.ft.

The guideline value for Tiger Varadhachariar Road in Thiruvanmiyur village (Chennai South Joint I SRO, Chennai zone) is Rs 11000 per sq.ft, effective 1 July 2024. It was Rs 10000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruvanmiyur

Village

Chennai South Joint I

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹11000 /sq.ft.
From 1-4-2023 ₹10000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹6700 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹10000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹3000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1573 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1422 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[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 Tiger Varadhachariar Road

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Tiger Varadhachariar Road guideline value

The current guideline value for Tiger Varadhachariar Road is Rs 11,000 per sq.ft, effective from 1 July 2024. This road is located in Thiruvanmiyur village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Tiger Varadhachariar Road has changed

The guideline value for Tiger Varadhachariar Road has seen several revisions over the years. In 2002, the value was Rs 1,422 per sq.ft, which increased to Rs 1,573 per sq.ft in 2003. The value then rose significantly to Rs 3,000 per sq.ft in 2007, followed by a substantial jump to Rs 10,000 per sq.ft in 2012. However, the value decreased to Rs 6,700 per sq.ft in 2017. The value increased again to Rs 10,000 per sq.ft in 2023, and finally to the current value of Rs 11,000 per sq.ft in 2024.

From 2017 to 2023, the value increased by 49%, while the jump from 2007 to 2012 was 233%. The overall increase from 2002 to 2024 is 674%. There are no figures available for the revisions in years not listed in the register.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 3,520 to Rs 12,660 per sq.ft, with a median value of Rs 9,900 per sq.ft. Tiger Varadhachariar Road's 2024 figure is above this median.

Stamp duty and registration fee for property in Tiger Varadhachariar Road

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value would be Rs 1,10,00,000. The stamp duty at 7% would be Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, bringing the total charges to Rs 9,90,000. 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 the stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Tiger Varadhachariar Road?

The Sub Registrar Office that covers Tiger Varadhachariar Road is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value serves as a benchmark for property transactions in Thiruvanmiyur, determining the minimum value at which properties can be registered. It is essential for buyers and sellers to be aware of the guideline value, as it directly influences the stamp duty and registration fees payable during the transaction.

When a property is sold, the registration office uses the guideline value to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions, reflecting the current value of real estate in the area.

Frequently asked questions

What is the current guideline value of Tiger Varadhachariar Road?

The current guideline value of Tiger Varadhachariar Road is Rs 11,000 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 1,422 per sq.ft in 2002 to Rs 11,000 per sq.ft in 2024, with various revisions in between.

What is the land classification for Tiger Varadhachariar Road?

The land classification for Tiger Varadhachariar Road is Residential Special Type - II.

What are the stamp duty rates for properties on this road?

The stamp duty rate for properties in this area is 7% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Tiger Varadhachariar Road is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.