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Guideline Value

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Guideline Value for Sri Venkatesa Perumal Nagar - Balaji Street

₹3850/sq.ft.

The guideline value for Sri Venkatesa Perumal Nagar - Balaji Street in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 10% change. 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 ₹3500 /sq.ft.
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 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 Venkatesa Perumal Nagar - Balaji Street

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Sri Venkatesa Perumal Nagar - Balaji Street guideline value

The current guideline value of Sri Venkatesa Perumal Nagar - Balaji 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 Venkatesa Perumal Nagar - Balaji Street has changed

The guideline value for Sri Venkatesa Perumal Nagar - Balaji Street has seen several revisions over the years. In 2007, the value was set at Rs 500 per sq.ft, which significantly increased to Rs 3,500 per sq.ft in both 2012 and 2023. The most recent revision in 2024 raised the value to Rs 3,850 per sq.ft, marking a 10% increase from the previous year.

Notably, there are no figures available for the revisions in 2002, 2003, and 2017 for this street. Overall, from 2007 to 2024, the guideline value has increased by 670%.

Guideline values in Valasaravakkam

In Valasaravakkam, there are a total of 774 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,850 per sq.ft, which is equal to the guideline value of Sri Venkatesa Perumal Nagar - Balaji Street.

Stamp duty and registration fee for property in Sri Venkatesa Perumal Nagar - Balaji 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, leading to a total of Rs 3,46,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Venkatesa Perumal Nagar - Balaji Street?

The Sri Venkatesa Perumal Nagar - Balaji Street is covered by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor during property registration in Valasaravakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable duties, which ensures that the transaction reflects the true value of the property being exchanged.

Frequently asked questions

What is the current guideline value of Sri Venkatesa Perumal Nagar - Balaji Street?

The current guideline value of Sri Venkatesa Perumal Nagar - Balaji 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 500 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024, reflecting a total increase of 670% over the years.

What are the other streets in Valasaravakkam with the same guideline value?

Other streets in Valasaravakkam with the same guideline value of Rs 3,850 per sq.ft include Sri Venkatesa Perumal Nagar - Krishna Street, Sivan Street, Sri Murugan Street, Sri Ramar Street, Vallaba Ganapthi Street, and State Bank Colony 1st Street.

What is the registration office for properties in this area?

The registration office for properties in Sri Venkatesa Perumal Nagar - Balaji Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For instance, if the guideline value is Rs 38,50,000, the stamp duty at 7% would be Rs 2,69,500.