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Guideline Value

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Guideline Value for VADANOOBAL MAIN ROAD (MAYANA SALAI)

₹2970/sq.ft.

The guideline value for Vadanoobal Main Road (mayana Salai) in Perumalagaram village (Chennai South Joint Ii SRO, Chennai zone) is Rs 2970 per sq.ft, effective 1 July 2024. It was Rs 2700 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perumalagaram

Village

Chennai South Joint II

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2970 /sq.ft.
From 1-4-2023 ₹2700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1809 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2700 /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)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[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 Vadanoobal Main Road (mayana Salai)

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Vadanoobal Main Road (Mayana Salai) guideline value

The current guideline value of Vadanoobal Main Road (Mayana Salai) is Rs 2,970 per sq.ft, effective from 1 July 2024. This road is located in Perumalagaram village and falls under the Chennai South Joint II SRO. The land classification is Residential Class I Type - I.

How the guideline value of Vadanoobal Main Road (Mayana Salai) has changed

The guideline value for Vadanoobal Main Road (Mayana Salai) has seen several revisions over the years. The 2012 revision set the value at Rs 2,700 per sq.ft, which then decreased to Rs 1,809 per sq.ft in the 2017 revision. Following this, the value rose significantly to Rs 2,700 per sq.ft in 2023, and most recently, it has increased to Rs 2,970 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, there has been a 10% increase. The revisions for the years 2002, 2003, and 2007 do not have figures listed for this street.

Guideline values in Perumalagaram

In Perumalagaram, there are 74 streets under the Chennai South Joint II SRO, with guideline values ranging from Rs 825 to Rs 7,920 per sq.ft. The median guideline value for these streets is Rs 3,190 per sq.ft, indicating that the 2024 figure for Vadanoobal Main Road (Mayana Salai) is below the median.

Stamp duty and registration fee for property in Vadanoobal Main Road (Mayana Salai)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,970 per sq.ft, the total guideline value would be Rs 29,70,000. The stamp duty at 7% would amount to Rs 2,07,900, and the registration fee at 2% would be Rs 59,400, bringing the total cost for these charges to Rs 2,67,300. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vadanoobal Main Road (Mayana Salai)?

The Sub Registrar Office that covers Vadanoobal Main Road (Mayana Salai) is the Chennai South Joint II 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 Perumalagaram

The guideline value is a critical factor when registering property transactions in Perumalagaram. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for both the buyer and seller. The registration office uses this value to calculate the necessary fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Vadanoobal Main Road (Mayana Salai)?

The current guideline value of Vadanoobal Main Road (Mayana Salai) is Rs 2,970 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,700 per sq.ft in 2012 to Rs 1,809 per sq.ft in 2017, then to Rs 2,700 per sq.ft in 2023, and finally to Rs 2,970 per sq.ft in 2024.

What is the median guideline value for streets in Perumalagaram?

The median guideline value for streets in Perumalagaram is Rs 3,190 per sq.ft, which means the guideline value for Vadanoobal Main Road (Mayana Salai) is below this median.

What are the stamp duty and registration fees for a property on Vadanoobal Main Road (Mayana Salai)?

For a 1,000 sq.ft property, the total guideline value would be Rs 29,70,000, with a stamp duty of Rs 2,07,900 and a registration fee of Rs 59,400, totaling Rs 2,67,300.

Which office handles registrations for Vadanoobal Main Road (Mayana Salai)?

The Chennai South Joint II Sub Registrar Office handles registrations for Vadanoobal Main Road (Mayana Salai), located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.