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Guideline Value

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Guideline Value for Sri Lakshmi Nagar 9th Cross Street

₹3850/sq.ft.

The guideline value for Sri Lakshmi Nagar 9th 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 N/A
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹254 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹233 /sq.ft.
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 Lakshmi Nagar 9th Cross Street

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Sri Lakshmi Nagar 9th Cross Street guideline value

The current guideline value of Sri Lakshmi Nagar 9th 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 Sri Lakshmi Nagar 9th Cross Street has changed

The guideline value for Sri Lakshmi Nagar 9th Cross Street has undergone several revisions over the years. The earliest recorded revision was in 2002, with a guideline value of Rs 233 per sq.ft. This increased to Rs 254 per sq.ft in 2003, marking a change of 9%. The value then saw a significant rise to Rs 500 per sq.ft in 2007, which was a 97% increase. Following this, the 2012 revision set the value at Rs 3,500 per sq.ft, reflecting a remarkable 600% increase from the previous revision.

The most recent revision took place in 2024, with the guideline value reaching Rs 3,850 per sq.ft, which is a 10% increase from the 2012 figure. Overall, from 2002 to 2024, the guideline value has increased by 1552%. There are no figures available for the years 2017 and 2023 for this street.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO that carry a 2024 guideline value, ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 3,850 per sq.ft, and Sri Lakshmi Nagar 9th Cross Street's 2024 figure aligns with this median.

Stamp duty and registration fee for property in Sri Lakshmi Nagar 9th 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.

Which Sub Registrar Office covers Sri Lakshmi Nagar 9th Cross Street?

The Sri Lakshmi Nagar 9th Cross 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 further assistance.

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

The guideline value plays a crucial role in property transactions in Valasaravakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it directly influences the stamp duty and registration fees applicable at the time of registration.

When purchasing property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. It is essential for both parties to be aware of the current guideline value to ensure compliance with local regulations and avoid potential disputes during the registration process.

Frequently asked questions

What is the current guideline value of Sri Lakshmi Nagar 9th Cross Street?

The current guideline value of Sri Lakshmi Nagar 9th 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 seen several revisions, increasing from Rs 233 per sq.ft in 2002 to Rs 3,850 per sq.ft in 2024, marking a total increase of 1552% over this period.

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

For a property valued at 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.

Which Sub Registrar Office covers Sri Lakshmi Nagar 9th Cross Street?

The Virugambakkam Sub Registrar Office covers Sri Lakshmi Nagar 9th Cross Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

Are there other streets in Valasaravakkam with the same guideline value?

Yes, several other streets in Valasaravakkam have the same guideline value of Rs 3,850 per sq.ft for 2024, including Sri Lakshmi Nagar 8th Street, 8th Cross Street, 7th Street, 7th Cross Street, 6th Street, and 6th Cross Street.