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Guideline Value

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Guideline Value for Kaveri Rangan Nagar - Bharathiar Street

₹5500/sq.ft.

The guideline value for Kaveri Rangan Nagar - Bharathiar Street in Saligramam village (Virugambakkam SRO, Chennai zone) is Rs 5500 per sq.ft, effective 1 July 2024. It was Rs 5000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Saligramam

Village

Virugambakkam

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹5500 /sq.ft.
From 1-4-2023 ₹5000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3350 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1350 /sq.ft.
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 Kaveri Rangan Nagar - Bharathiar Street

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Kaveri Rangan Nagar - Bharathiar Street guideline value

The current guideline value of Kaveri Rangan Nagar - Bharathiar Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Saligramam village under the Virugambakkam SRO, and it falls under the Residential Special Type - III land classification.

How the guideline value of Kaveri Rangan Nagar - Bharathiar Street has changed

Over the years, the guideline value for Kaveri Rangan Nagar - Bharathiar Street has seen significant changes. The 2007 revision recorded a guideline value of Rs 1,350 per sq.ft, which increased to Rs 5,000 per sq.ft in 2012, marking a substantial increase of 270%. However, the value then decreased to Rs 3,350 per sq.ft in 2017, reflecting a decline of 33%. The guideline value rose again to Rs 5,000 per sq.ft in 2023, and subsequently, it reached Rs 5,500 per sq.ft in the 2024 revision, representing a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the current 2024 figure, there has been a remarkable increase of 307%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO, with guideline values for 2024 ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median guideline value in this area is Rs 4,400 per sq.ft, placing Kaveri Rangan Nagar - Bharathiar Street's 2024 figure above that median.

Stamp duty and registration fee for property in Kaveri Rangan Nagar - Bharathiar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total cost for these fees to Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kaveri Rangan Nagar - Bharathiar Street?

The Kaveri Rangan Nagar - Bharathiar Street is covered by 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 Saligramam

The guideline value is an essential factor in the registration process when buying or selling property in Saligramam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair price.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. This ensures that both the buyer and seller are aware of the costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Kaveri Rangan Nagar - Bharathiar Street?

The current guideline value of Kaveri Rangan Nagar - Bharathiar Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,350 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 307% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000.

Which Sub Registrar Office covers Kaveri Rangan Nagar - Bharathiar Street?

The Virugambakkam Sub Registrar Office covers Kaveri Rangan Nagar - Bharathiar Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the guideline value determined for properties in Saligramam?

The guideline value is determined based on various factors, including land classification and previous revisions. It serves as a basis for calculating the minimum registration value of properties in the area.