Guideline Value for Play ground Street

Play ground Street guideline value

The current guideline value of Play ground Street is Rs 3,850 per sq.ft. It is located in Valasaravakkam village under the Virugambakkam SRO, classified as Residential Class II Type - I.

How the guideline value of Play ground Street has changed

The guideline value for Play ground Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 3,500 per sq.ft. This figure remained unchanged in the 2023 revision, but in the 2024 revision, it increased to Rs 3,850 per sq.ft, marking a 10% rise from the previous year.

There are no figures available for the years 2002, 2003, 2007, and 2017 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

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 value is Rs 3,850 per sq.ft, which is equal to the current guideline value of Play ground Street.

• P. Krishnan Street: Rs 4,400 per sq.ft (2024)
• P.N. Ramamurthy Street: Rs 3,850 per sq.ft (2024)
• Poolakshi Street: Rs 4,400 per sq.ft (2024)
• Prakasam Street: Rs 4,400 per sq.ft (2024)
• Periyar Street: Rs 3,300 per sq.ft (2024)
• Periyar Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Play ground Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, making the total charges 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 on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Play ground Street?

The Sub Registrar Office that covers Play ground 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 of property transactions in Valasaravakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When a property is registered, the guideline value is compared against the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Play ground Street?

The current guideline value of Play ground Street is Rs 3,850 per sq.ft as per the 2024 revision.

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, which is a 10% increase. There were no changes recorded for the years 2003, 2007, and 2017.

What are the guideline values of other streets in Valasaravakkam?

Other streets in Valasaravakkam have varying guideline values, with some streets like P. Krishnan Street and Poolakshi Street valued at Rs 4,400 per sq.ft, while Periyar Street and Periyar Cross Street are valued at Rs 3,300 per sq.ft.

How is the stamp duty calculated for properties on Play ground Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 38,50,000 would incur a stamp duty of Rs 2,69,500 at 7%.

Where is the Sub Registrar Office for Play ground Street located?

The Virugambakkam Sub Registrar Office, which covers Play ground Street, is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.