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Guideline Value

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Guideline Value for SRI VENKATESH NAGAR - Kambar Street

₹4950/sq.ft.

The guideline value for Sri Venkatesh Nagar - Kambar Street in Virugambakkam village (Virugambakkam SRO, Chennai zone) is Rs 4950 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Virugambakkam

Village

Virugambakkam

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹4950 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1100 /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 Sri Venkatesh Nagar - Kambar Street

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SRI VENKATESH NAGAR - Kambar Street guideline value

The current guideline value of SRI VENKATESH NAGAR - Kambar Street is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Virugambakkam village, under the Virugambakkam SRO, and is classified as Residential Class II Type - II.

How the guideline value of SRI VENKATESH NAGAR - Kambar Street has changed

The guideline value for SRI VENKATESH NAGAR - Kambar Street has undergone several revisions over the years. The earliest revision available is from 2007, where the value was Rs 1,100 per sq.ft. This increased significantly to Rs 4,500 per sq.ft in 2012, marking a 309% rise. However, it then decreased to Rs 3,015 per sq.ft in 2017, reflecting a 33% drop. The value saw a substantial increase to Rs 4,500 per sq.ft in 2023, and finally, it stands at Rs 4,950 per sq.ft in the 2024 revision, a 10% increase from the previous year.

There are no figures available for the revisions from 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 350%.

Guideline values in Virugambakkam

In Virugambakkam, there are 391 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, placing SRI VENKATESH NAGAR - Kambar Street above this median.

Stamp duty and registration fee for property in SRI VENKATESH NAGAR - Kambar Street

For a 1,000 sq.ft plot at the current rate of Rs 4,950 per sq.ft, the guideline value amounts to Rs 49,50,000. The stamp duty at 7% would be Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, totaling Rs 4,45,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers SRI VENKATESH NAGAR - Kambar Street?

The Sub Registrar Office that covers SRI VENKATESH NAGAR - Kambar 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 Virugambakkam

The guideline value is an essential factor in property transactions in Virugambakkam. It serves as a reference point for determining the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers and sellers should be aware that the guideline value is used to calculate these costs, ensuring compliance with local regulations.

When registering a property, the guideline value helps in establishing the official value of the property for taxation purposes. It is crucial for both buyers and sellers to understand how this value impacts the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of SRI VENKATESH NAGAR - Kambar Street?

The current guideline value of SRI VENKATESH NAGAR - Kambar Street is Rs 4,950 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 1,100 per sq.ft in 2007 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of 350% over this period.

What is the land classification of SRI VENKATESH NAGAR - Kambar Street?

SRI VENKATESH NAGAR - Kambar Street is classified as Residential Class II Type - II.

Where can I find the registration office for SRI VENKATESH NAGAR - Kambar Street?

The registration office for SRI VENKATESH NAGAR - Kambar Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in SRI VENKATESH NAGAR - Kambar Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 49,50,000, the stamp duty at 7% would be Rs 3,46,500.