Guideline Value

Corporate

Guideline Value for A.K.R.Nagar 10th Cross street

₹3850/sq.ft.

The guideline value for A.k.r.nagar 10th Cross Street in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Valasaravakkam

Village

Virugambakkam

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹3850 /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 ₹3500 /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 A.k.r.nagar 10th Cross Street

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A.K.R.Nagar 10th Cross street guideline value

The current guideline value of A.K.R.Nagar 10th Cross street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village, under the Virugambakkam SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of A.K.R.Nagar 10th Cross street has changed

The guideline value for A.K.R.Nagar 10th Cross street has seen revisions over the years. The most recent revision in 2024 set the value at Rs 3,850 per sq.ft, which is an increase of 10% from the Rs 3,500 per sq.ft recorded in the 2012 revision. There are no figures available for the revisions in 2023, 2017, 2007, 2003, and 2002 for this street.

To summarize the changes, the guideline value increased from Rs 3,500 per sq.ft in 2012 to Rs 3,850 per sq.ft in 2024. This change reflects a significant adjustment in the valuation over the 12-year span.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,850 per sq.ft, which is equal to the guideline value of A.K.R.Nagar 10th Cross street.

Stamp duty and registration fee for property in A.K.R.Nagar 10th Cross street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total cost to Rs 3,46,500. 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 A.K.R.Nagar 10th Cross street?

The A.K.R.Nagar 10th Cross street falls under the jurisdiction of the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Valasaravakkam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value set by the government.

When a property transaction occurs, the guideline value is used to assess the financial obligations of both the buyer and seller. This standardization helps maintain transparency and consistency in real estate transactions within the region.

Frequently asked questions

What is the current guideline value of A.K.R.Nagar 10th Cross street?

The current guideline value of A.K.R.Nagar 10th Cross street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 3,500 per sq.ft in 2012 to Rs 3,850 per sq.ft in 2024, marking a 10% increase. There are no figures available for the revisions in 2023, 2017, 2007, 2003, and 2002 for this street.

What is the stamp duty for property in A.K.R.Nagar 10th Cross street?

The stamp duty for property in A.K.R.Nagar 10th Cross street is calculated at 7% of the guideline value. For a plot of 1,000 sq.ft, the stamp duty would amount to Rs 2,69,500.

Which office handles property registration for A.K.R.Nagar 10th Cross street?

The Virugambakkam Sub Registrar Office handles property registration for A.K.R.Nagar 10th Cross street. The office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for A.K.R.Nagar 10th Cross street?

The land classification for A.K.R.Nagar 10th Cross street is Residential Class II Type - I, indicating its suitability for residential development.