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Guideline Value

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Guideline Value for Thirumalai Nagar Main Road

₹4400/sq.ft.

The guideline value for Thirumalai Nagar Main Road 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 N/A
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 Thirumalai Nagar Main Road

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Thirumalai Nagar Main Road guideline value

The current guideline value of Thirumalai Nagar Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This road is located in Valasaravakkam village, under the Virugambakkam SRO, and is classified as Residential Class I Type - II.

How the guideline value of Thirumalai Nagar Main Road has changed

The guideline value for Thirumalai Nagar Main Road has seen several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was set at Rs 4,000 per sq.ft. From 2012 to the 2024 revision, the value increased by 10%, bringing it to Rs 4,400 per sq.ft. There are no figures available for the revisions in 2002, 2003, 2007, 2017, and 2023 for this street.

In summary, the guideline value increased from Rs 4,000 per sq.ft in 2012 to Rs 4,400 per sq.ft in 2024. This reflects a significant change over the years, specifically between the 2012 and 2024 revisions.

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, indicating that Thirumalai Nagar Main Road's 2024 figure is above this median.

Stamp duty and registration fee for property in Thirumalai Nagar Main Road

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, making the total cost for these fees 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 Thirumalai Nagar Main Road?

The Sub Registrar Office that covers Thirumalai Nagar Main Road 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 plays a crucial role during the registration of property transactions in Valasaravakkam. It serves as a benchmark for determining the minimum value at which the property can be registered, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these costs are based on the guideline value or the actual sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Thirumalai Nagar Main Road?

The current guideline value of Thirumalai Nagar Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 4,000 per sq.ft in 2012 to Rs 4,400 per sq.ft in 2024, reflecting a 10% increase. There are no figures available for the revisions in 2002, 2003, 2007, 2017, and 2023 for this street.

What is the land classification for Thirumalai Nagar Main Road?

Thirumalai Nagar Main Road is classified as Residential Class I Type - II. This classification impacts the guideline value and the types of developments permitted in the area.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the same. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 3,96,000.

Where can I find the Sub Registrar Office for Thirumalai Nagar Main Road?

The Sub Registrar Office for Thirumalai Nagar Main Road is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.