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Guideline Value

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Guideline Value for Sri Venkatesa Perumal Nagar - Sivan Street

₹3850/sq.ft.

The guideline value for Sri Venkatesa Perumal Nagar - Sivan 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 - Sivan Street

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Sri Venkatesa Perumal Nagar - Sivan Street guideline value

The current guideline value of Sri Venkatesa Perumal Nagar - Sivan Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village and falls under the Virugambakkam Sub Registrar Office. The land classification for this area is Residential Class II Type - I.

How the guideline value of Sri Venkatesa Perumal Nagar - Sivan Street has changed

Over the years, the guideline value of Sri Venkatesa Perumal Nagar - Sivan Street has seen significant changes. The earliest recorded revision was in 2007, when the guideline value was Rs 500 per sq.ft. This figure remained until the 2012 revision, which maintained the value at Rs 3,500 per sq.ft. The next revision in 2023 also held the same value of Rs 3,500 per sq.ft. However, in 2024, the guideline value increased to Rs 3,850 per sq.ft, marking a 10% rise from the previous year.

In summary, from 2007 to 2012, the guideline value increased by 600%. The overall change from 2007 to 2024 is a substantial 670%. It is important to note that there are no recorded figures for the years 2002, 2003, and 2017 for this street.

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 guideline value is Rs 3,850 per sq.ft, which is the same as the current guideline value for Sri Venkatesa Perumal Nagar - Sivan Street.

Stamp duty and registration fee for property in Sri Venkatesa Perumal Nagar - Sivan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, while the registration fee at 2% would be Rs 77,000, bringing the total charges to Rs 3,46,500. It is important to 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 detailed calculations.

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

The Sri Venkatesa Perumal Nagar - Sivan Street falls under 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 minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the financial aspects of property transactions. Ensuring that the property is registered at or above the guideline value helps in maintaining compliance with legal requirements.

Frequently asked questions

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

The current guideline value of Sri Venkatesa Perumal Nagar - Sivan Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 500 per sq.ft to Rs 3,850 per sq.ft in 2024, reflecting an overall change of 670% over the years.

What is the land classification for this street?

The land classification for Sri Venkatesa Perumal Nagar - Sivan Street is Residential Class II Type - I.

What are the stamp duty and registration fees for properties here?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 3,46,500, based on the guideline value of Rs 38,50,000.

Which Sub Registrar Office covers this area?

The Virugambakkam Sub Registrar Office covers Sri Venkatesa Perumal Nagar - Sivan Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.