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Guideline Value

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Guideline Value for Sri Lakshmi Nagar 10th Cross Street

₹3850/sq.ft.

The guideline value for Sri Lakshmi Nagar 10th 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 10th Cross Street

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Sri Lakshmi Nagar 10th Cross Street guideline value

The current guideline value of Sri Lakshmi Nagar 10th 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, classified as Residential Class II Type - I.

How the guideline value of Sri Lakshmi Nagar 10th Cross Street has changed

The guideline value for Sri Lakshmi Nagar 10th Cross Street has seen significant changes over the years. In 2002, the guideline value was Rs 233 per sq.ft, which increased to Rs 254 per sq.ft in 2003, marking a 9% increase. The value rose drastically to Rs 500 per sq.ft in 2007, showing a 97% increase from the previous revision. By 2012, the value reached Rs 3,500 per sq.ft, reflecting a substantial increase of 600% from 2007.

The most recent revision in 2024 set the guideline value at Rs 3,850 per sq.ft, a 10% increase from the 2012 figure. Overall, from 2002 to 2024, the guideline value has increased by 1552%. It is important to note that the register has no figures for the years 2017 and 2023 for this street.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO with a 2024 guideline value 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 2024 figure for Sri Lakshmi Nagar 10th Cross Street. Below are other streets in Valasaravakkam with their respective guideline values:

Stamp duty and registration fee for property in Sri Lakshmi Nagar 10th 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 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, bringing the total to Rs 3,46,500. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Lakshmi Nagar 10th Cross Street?

The Sub Registrar Office that covers Sri Lakshmi Nagar 10th Cross Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, you can visit this link.

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

The guideline value is an essential factor in property transactions in Valasaravakkam. It is used to determine the stamp duty and registration fees payable when buying or selling property. Buyers should be aware that the guideline value may influence the overall cost of the transaction.

During the registration process, the guideline value is compared with the sale price of the property. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Lakshmi Nagar 10th Cross Street?

The current guideline value of Sri Lakshmi Nagar 10th 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 increased from Rs 233 per sq.ft in 2002 to Rs 3,850 per sq.ft in 2024, marking an overall increase of 1552% over the years.

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

The stamp duty is charged at 7% of the guideline value or sale price, and the registration fee is 2%. For a 1,000 sq.ft plot, the total cost would be Rs 3,46,500.

Which Sub Registrar Office handles registrations for this street?

The Virugambakkam Sub Registrar Office handles registrations for Sri Lakshmi Nagar 10th Cross Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

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

Yes, several other streets in Valasaravakkam also have a guideline value of Rs 3,850 per sq.ft in 2024, including Sri Lakshmi Nagar 11th Cross Street, 1st Cross Street, 1st Main Road, 1st Street, 2nd Cross Street, and 2nd Main Road.