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Guideline Value

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Guideline Value for A.K.R.Nagar 2nd Cross street

₹3850/sq.ft.

The guideline value for A.k.r.nagar 2nd 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 ₹2345 /sq.ft.
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 2nd Cross Street

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A.K.R.Nagar 2nd Cross street guideline value

The current guideline value for A.K.R.Nagar 2nd 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, classified as Residential Class II Type - I.

How the guideline value of A.K.R.Nagar 2nd Cross street has changed

The guideline value for A.K.R.Nagar 2nd Cross street has undergone several revisions over the years. In 2012, the value was set at Rs 3,500 per sq.ft, which decreased to Rs 2,345 per sq.ft in the 2017 revision. However, the 2024 revision saw a significant increase to Rs 3,850 per sq.ft, marking a 64% rise from 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%.

It is important to note that there are no guideline value figures available for this street in the revisions of 2023, 2007, 2003, and 2002. The fluctuations in the guideline value reflect the changes in the real estate landscape in the area.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO with 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 the same as the guideline value for A.K.R.Nagar 2nd Cross street.

Stamp duty and registration fee for property in A.K.R.Nagar 2nd 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 for these fees to Rs 3,46,500. Please 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 2nd Cross street?

The Sub Registrar Office that covers A.K.R.Nagar 2nd Cross street 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Valasaravakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in transactions.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, ensuring that the government receives due revenue from property transactions.

Frequently asked questions

What is the current guideline value of A.K.R.Nagar 2nd Cross street?

The current guideline value of A.K.R.Nagar 2nd Cross street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 3,500 per sq.ft to Rs 2,345 per sq.ft in 2017, and then increased to Rs 3,850 per sq.ft in 2024.

What is the land classification of A.K.R.Nagar 2nd Cross street?

A.K.R.Nagar 2nd Cross street is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for properties here?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, a 1,000 sq.ft property would incur a total fee of Rs 3,46,500 based on the current guideline value.

Which office handles registrations for A.K.R.Nagar 2nd Cross street?

The Virugambakkam Sub Registrar Office handles registrations for A.K.R.Nagar 2nd Cross street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.