Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Sri Venkatesa Perumal Nagar - Sri Murugan Street

₹3850/sq.ft.

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

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Sri Venkatesa Perumal Nagar - Sri Murugan Street guideline value

The current guideline value for Sri Venkatesa Perumal Nagar - Sri Murugan 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 - Sri Murugan Street has changed

The guideline value for this street has seen several revisions over the years. The earliest recorded figure is from 2007, when it was Rs 500 per sq.ft. This figure rose significantly to Rs 3,500 per sq.ft in both 2012 and 2023, showing no change during that period. In 2024, the guideline value increased to Rs 3,850 per sq.ft, marking a 10% rise from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 670%. Notably, there are no recorded figures for the years 2002, 2003, and 2017 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 the area is Rs 3,850 per sq.ft, which is equal to the 2024 figure for Sri Venkatesa Perumal Nagar - Sri Murugan Street.

Stamp duty and registration fee for property in Sri Venkatesa Perumal Nagar - Sri Murugan 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, and the registration fee at 2% would be Rs 77,000, bringing the total 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 - Sri Murugan Street?

The Sub Registrar Office that covers Sri Venkatesa Perumal Nagar - Sri Murugan 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 the registration process when buying or selling property in Valasaravakkam. It serves as the baseline for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in accordance with government regulations.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two figures is used to determine the applicable duties and fees. This ensures that the government receives the correct amount based on the property's value as assessed by the guideline value register.

Frequently asked questions

What is the current guideline value for Sri Venkatesa Perumal Nagar - Sri Murugan Street?

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

How much 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, representing an overall increase of 670% over the years.

What is the registration office for this street?

The registration office for Sri Venkatesa Perumal Nagar - Sri Murugan 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 example, a property valued at Rs 38,50,000 would incur a stamp duty of Rs 2,69,500 at a rate of 7%.

What are the other streets 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 - Sivan Street, Sri Venkatesa Perumal Nagar - Sri Ramar Street, Sri Venkatesa Perumal Nagar - Krishna Street, Sri Venkatesa Perumal Nagar - Vallaba Ganapthi Street, and Sri Venkatesa Perumal Nagar - Balaji Street.