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Guideline Value

Corporate

Guideline Value for Sri Ram Nagar 6th Main Road

₹3300/sq.ft.

The guideline value for Sri Ram Nagar 6th 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 ₹262 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹241 /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 Ram Nagar 6th Main Road

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Sri Ram Nagar 6th Main Road guideline value

The current guideline value of Sri Ram Nagar 6th Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village, under the jurisdiction of the Virugambakkam SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Sri Ram Nagar 6th Main Road has changed

The guideline value for Sri Ram Nagar 6th Main Road has seen several revisions over the years. In 2002, the value was Rs 241 per sq.ft, which increased to Rs 262 per sq.ft in 2003. The value then rose significantly to Rs 500 per sq.ft in 2007, followed by a substantial increase to Rs 3,000 per sq.ft in 2012. However, it decreased to Rs 2,010 per sq.ft in 2017. In 2023, the value was revised to Rs 3,000 per sq.ft, and the latest revision in 2024 raised it to Rs 3,300 per sq.ft.

Between these revisions, notable changes include a 10% increase from 2023 to 2024, a 49% rise from 2017 to 2023, and a significant 500% increase from 2007 to 2012. The overall change from 2002 to 2024 reflects an increase of 1,269%.

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, with a median value of Rs 3,850 per sq.ft. The guideline value of Sri Ram Nagar 6th Main Road is below this median.

Stamp duty and registration fee for property in Sri Ram Nagar 6th 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 would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000. Together, these fees would total Rs 2,97,000. 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 Ram Nagar 6th Main Road?

The Sub Registrar Office that covers Sri Ram Nagar 6th Main Road 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 crucial factor during the registration of property transactions in Valasaravakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, both the buyer and seller must consider the guideline value to ensure compliance with legal requirements. This value helps in assessing the financial obligations related to the transaction, such as stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Sri Ram Nagar 6th Main Road?

The current guideline value of Sri Ram Nagar 6th Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 241 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 1,269% over this period.

What is the land classification for Sri Ram Nagar 6th Main Road?

The land classification for Sri Ram Nagar 6th Main Road is Residential Class II Type - II.

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

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles registrations for properties in Sri Ram Nagar 6th Main Road?

The Virugambakkam Sub Registrar Office handles registrations for properties in Sri Ram Nagar 6th Main Road, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.