Guideline Value

Corporate

Guideline Value for Vasugi Nagar 1st Street

₹2200/sq.ft.

The guideline value for Vasugi Nagar 1st Street in Erukancherry village (Madhavaram SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Erukancherry

Village

Madhavaram

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1800 /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.7, Roja Nagar,madhavaram, Chennai-600060
044-25530001
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Vasugi Nagar 1st Street

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Vasugi Nagar 1st Street guideline value

The current guideline value of Vasugi Nagar 1st Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Erukancherry village, under the Madhavaram SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Vasugi Nagar 1st Street has changed

Over the years, the guideline value of Vasugi Nagar 1st Street has undergone several revisions. The 2012 revision set the value at Rs 1,800 per sq.ft, which decreased to Rs 1,340 per sq.ft in the 2017 revision. However, the value saw a significant increase in the 2023 revision, rising to Rs 2,000 per sq.ft, and further increased to Rs 2,200 per sq.ft in the 2024 revision, marking a 10% rise from the previous year. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From the 2012 revision to the 2017 revision, the guideline value decreased by 26%. However, from 2017 to 2023, there was a notable increase of 49%. Overall, comparing the 2012 revision to the current 2024 revision, the guideline value has increased by 22%.

Guideline values in Erukancherry

In Erukancherry, there are 376 streets under the Madhavaram SRO that have a 2024 guideline value ranging from Rs 1,900 to Rs 3,800 per sq.ft. The median value for these streets is Rs 2,500 per sq.ft, positioning Vasugi Nagar 1st Street's 2024 figure below this median.

Stamp duty and registration fee for property in Vasugi Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vasugi Nagar 1st Street?

The Sub Registrar Office that covers Vasugi Nagar 1st Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value is a critical factor during property registration in Erukancherry. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the registration process is transparent and fair.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are essential costs involved in the transaction. This ensures that both buyers and sellers are aware of the financial obligations that come with property transactions.

Frequently asked questions

What is the current guideline value of Vasugi Nagar 1st Street?

The current guideline value of Vasugi Nagar 1st Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Vasugi Nagar 1st Street?

Vasugi Nagar 1st Street is classified as Residential Class IV Type - I.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for properties in Vasugi Nagar 1st Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For instance, for a property valued at Rs 22,00,000, the stamp duty at 7% would be Rs 1,54,000.