Guideline Value for C.V. Raman 2nd Street

C.V. Raman 2nd Street guideline value

The current guideline value of C.V. Raman 2nd Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village under the Virugambakkam SRO, classified as Residential Class I Type - II.

How the guideline value of C.V. Raman 2nd Street has changed

The guideline value for C.V. Raman 2nd Street has seen revisions over the years. The oldest recorded revision is from 2012, where the guideline value was Rs 4,000 per sq.ft. The most recent revision in 2024 increased this value to Rs 4,400 per sq.ft, marking a change of +10% from the 2012 figure.

For the years 2002, 2003, 2007, 2017, and 2023, the register has no figure for this street. Therefore, only the revisions from 2012 and 2024 are applicable for reference.

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, placing C.V. Raman 2nd Street's 2024 figure above this median.

• C.V. Raman 1st Street: Rs 4,400 per sq.ft (2024)
• C.V. Raman Street: Rs 4,400 per sq.ft (2024)
• Church Street: Rs 4,400 per sq.ft (2024)
• Devi Karumariamman Nagar: Rs 4,400 per sq.ft (2024)
• Chowdry Nagar 7th Cross Street: Rs 4,400 per sq.ft (2024)
• Chowdri Nagar Main Road 3rd Cross: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in C.V. Raman 2nd Street

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, together totaling Rs 3,96,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers C.V. Raman 2nd Street?

The Sub Registrar Office that covers C.V. Raman 2nd 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 information.

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

The guideline value is a crucial factor in the registration of property transactions in Valasaravakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property. It is essential to consider this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of C.V. Raman 2nd Street?

The current guideline value of C.V. Raman 2nd Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 4,000 per sq.ft in 2012 to Rs 4,400 per sq.ft in 2024, representing a +10% increase. There are no figures available for the years 2002, 2003, 2007, 2017, and 2023.

What is the median guideline value in Valasaravakkam?

The median guideline value in Valasaravakkam is Rs 3,850 per sq.ft. C.V. Raman 2nd Street's 2024 figure is above this median.

What are the stamp duty and registration fees for property in C.V. Raman 2nd Street?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for C.V. Raman 2nd Street?

The Virugambakkam Sub Registrar Office handles property registrations for C.V. Raman 2nd Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.