Guideline Value

Corporate

Guideline Value for A.K.R.Nagar 3rd Cross street

₹3850/sq.ft.

The guideline value for A.k.r.nagar 3rd 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 3rd Cross Street

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A.K.R.Nagar 3rd Cross street guideline value

The current guideline value for A.K.R.Nagar 3rd 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, and is classified as Residential Class II Type - I.

How the guideline value of A.K.R.Nagar 3rd Cross street has changed

In the 2012 revision, the guideline value was Rs 3,500 per sq.ft. This decreased to Rs 2,345 per sq.ft in the 2017 revision, marking a decline of 33%. However, the most recent revision in 2024 has seen the guideline value rise to Rs 3,850 per sq.ft, which is an increase of 64% from the 2017 figure.

Overall, comparing the 2012 and 2024 revisions, there has been a slight increase of 10% in the guideline value. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2023 for A.K.R.Nagar 3rd Cross street.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value is Rs 3,850 per sq.ft, which is equal to the current guideline value for A.K.R.Nagar 3rd Cross street.

Stamp duty and registration fee for property in A.K.R.Nagar 3rd 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 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.

You can use the stamp duty and registration fee calculator for more information on these fees.

Which Sub Registrar Office covers A.K.R.Nagar 3rd Cross street?

The Sub Registrar Office that covers A.K.R.Nagar 3rd 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 is a critical factor in the registration process when buying or selling property in Valasaravakkam. It serves as a benchmark for determining the minimum value at which property transactions can be registered.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for A.K.R.Nagar 3rd Cross street?

The current guideline value for A.K.R.Nagar 3rd 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 has changed from Rs 3,500 per sq.ft in 2012 to Rs 2,345 per sq.ft in 2017, and then increased to Rs 3,850 per sq.ft in 2024. Overall, there has been a 10% increase from 2012 to 2024.

What is the land classification for A.K.R.Nagar 3rd Cross street?

A.K.R.Nagar 3rd Cross street is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for A.K.R.Nagar 3rd Cross street?

The Virugambakkam Sub Registrar Office, which covers A.K.R.Nagar 3rd Cross street, is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What are the stamp duty and registration fees for property in A.K.R.Nagar 3rd Cross street?

For a 1,000 sq.ft plot at the current guideline value of Rs 38,50,000, the stamp duty would be Rs 2,69,500, and the registration fee would be Rs 77,000, totaling Rs 3,46,500.