Guideline Value

Corporate

Guideline Value for VALMEEGI NAGAR 4TH SEA WARD

₹12650/sq.ft.

The guideline value for Valmeegi Nagar 4th Sea Ward in Thiruvanmiyur village (Chennai South Joint I SRO, Chennai zone) is Rs 12650 per sq.ft, effective 1 July 2024. It was Rs 11500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruvanmiyur

Village

Chennai South Joint I

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹12650 /sq.ft.
From 1-4-2023 ₹11500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹7705 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹11500 /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
044-29510536
[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 Valmeegi Nagar 4th Sea Ward

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Valmeegi Nagar 4th Sea Ward guideline value

The current guideline value of Valmeegi Nagar 4th Sea Ward is Rs 12,650 per sq.ft, effective from 1 July 2024. This area is located in Thiruvanmiyur village and falls under the Chennai South Joint I SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Valmeegi Nagar 4th Sea Ward has changed

Over the years, the guideline value of Valmeegi Nagar 4th Sea Ward has seen several revisions. The earliest available revision is from 2012, where the guideline value was Rs 11,500 per sq.ft. This was followed by a decrease to Rs 7,705 per sq.ft in 2017. The value then increased significantly to Rs 11,500 per sq.ft in 2023, before reaching the current value of Rs 12,650 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2012 to 2017, there was a notable decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

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. The guideline value of Valmeegi Nagar 4th Sea Ward is above this median, indicating a higher valuation compared to many other streets in the area.

Stamp duty and registration fee for property in Valmeegi Nagar 4th Sea Ward

For a 1,000 sq.ft plot at the current guideline value of Rs 12,650 per sq.ft, the total guideline value amounts to Rs 1,26,50,000. The stamp duty at 7% would be Rs 8,85,500, and the registration fee at 2% would be Rs 2,53,000, bringing the total to Rs 11,38,500. 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 our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Valmeegi Nagar 4th Sea Ward?

The Sub Registrar Office that covers Valmeegi Nagar 4th Sea Ward 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. For further information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thiruvanmiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Valmeegi Nagar 4th Sea Ward?

The current guideline value of Valmeegi Nagar 4th Sea Ward is Rs 12,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 11,500 in 2012 to Rs 7,705 in 2017, then increased to Rs 11,500 in 2023, and finally to Rs 12,650 in 2024.

What is the land classification of Valmeegi Nagar 4th Sea Ward?

The land classification for Valmeegi Nagar 4th Sea Ward is Residential Special Type - I.

Where can I find the Sub Registrar Office for Valmeegi Nagar 4th Sea Ward?

The Sub Registrar Office for Valmeegi Nagar 4th Sea Ward is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is stamp duty calculated for properties in Valmeegi Nagar 4th Sea Ward?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,26,50,000, the stamp duty would be Rs 8,85,500.