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Guideline Value

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Guideline Value for Sri Ram Nagar 4th Cross Street

₹3300/sq.ft.

The guideline value for Sri Ram Nagar 4th Cross Street 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 4th Cross Street

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Sri Ram Nagar 4th Cross Street guideline value

The current guideline value of Sri Ram Nagar 4th Cross Street is Rs 3,300 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 - II.

How the guideline value of Sri Ram Nagar 4th Cross Street has changed

The guideline value for Sri Ram Nagar 4th Cross Street has seen several revisions over the years. Starting from Rs 241 per sq.ft in 2002, it 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 jump to Rs 3,000 per sq.ft in 2012. However, it decreased to Rs 2,010 per sq.ft in 2017. The value saw a substantial increase to Rs 3,000 per sq.ft in 2023, and then it was revised to Rs 3,300 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1269%. The revisions for 2017, 2023, and 2024 show significant changes, with a 49% increase from 2017 to 2023 and a 500% increase from 2007 to 2012. There are no other years in the register that provide figures for this street.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO, with guideline values for 2024 ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value is Rs 3,850 per sq.ft, indicating that the guideline value for Sri Ram Nagar 4th Cross Street is below this median.

Stamp duty and registration fee for property in Sri Ram Nagar 4th Cross Street

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 is charged at 7%, totaling Rs 2,31,000, while the registration fee is 2%, amounting to Rs 66,000. Together, the total cost for stamp duty and registration fee would be 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Ram Nagar 4th Cross Street?

The Sub Registrar Office that covers Sri Ram Nagar 4th Cross 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 information.

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 stamp duty and registration fees payable during the sale or purchase of property. Buyers and sellers must refer to the current guideline value to ensure compliance with government regulations during the registration process.

When registering a property, the guideline value is considered to ascertain the appropriate fees. It is essential for both buyers and sellers to be aware of the guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Sri Ram Nagar 4th Cross Street?

The current guideline value of Sri Ram Nagar 4th Cross Street 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 from Rs 241 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 1269% over the years.

What is the land classification for Sri Ram Nagar 4th Cross Street?

Sri Ram Nagar 4th Cross Street is classified as Residential Class II Type - II.

Where can I find the Sub Registrar Office for this area?

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 this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 3,300 per sq.ft incurs a stamp duty of Rs 2,31,000.