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Guideline Value

Corporate

Guideline Value for Sri Ram Nagar 4th Main Road

₹3300/sq.ft.

The guideline value for Sri Ram Nagar 4th Main Road in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 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

Valasaravakkam

Village

Virugambakkam

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /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 Ram Nagar 4th Main Road

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Sri Ram Nagar 4th Main Road guideline value

The current guideline value of Sri Ram Nagar 4th Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This road is located in Valasaravakkam village, under the Virugambakkam SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Sri Ram Nagar 4th Main Road has changed

The guideline value for Sri Ram Nagar 4th Main Road has undergone several revisions over the years. The earliest recorded revision was in 2007, with a guideline value of Rs 500 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in 2012, marking a rise of 500%. However, it then decreased to Rs 2,010 per sq.ft in 2017, a reduction of 33%. The value saw a notable increase to Rs 3,000 per sq.ft in 2023, followed by another increase to Rs 3,300 per sq.ft in 2024, which is a 10% rise from the previous year.

Between 2017 and 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the current 2024 figure, there has been a substantial increase of 560%. The register has no figures for the years 2002 and 2003 for this street.

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 guideline value for these streets is Rs 3,850 per sq.ft, making the 2024 figure for Sri Ram Nagar 4th Main Road below this median.

Stamp duty and registration fee for property in Sri Ram Nagar 4th Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees together to Rs 2,97,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Ram Nagar 4th Main Road?

The Sri Ram Nagar 4th Main Road 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 Valasaravakkam

The guideline value is a crucial factor in property transactions in Valasaravakkam. It determines the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue in the form of stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair value of the property. It acts as a benchmark for negotiations and ensures transparency in property transactions.

Frequently asked questions

What is the current guideline value of Sri Ram Nagar 4th Main Road?

The current guideline value of Sri Ram Nagar 4th Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 500 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 560%.

What is the land classification for Sri Ram Nagar 4th Main Road?

The land classification for Sri Ram Nagar 4th Main Road is Residential Class II Type - II, indicating its use for residential purposes.

Where can I find the Virugambakkam Sub Registrar Office?

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

How is the stamp duty calculated for properties in Sri Ram Nagar 4th Main Road?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate incurs a stamp duty of Rs 2,31,000.