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Guideline Value

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Guideline Value for Sri Venkatesa Perumal Nagar - Vallaba Ganapthi Street

₹3850/sq.ft.

The guideline value for Sri Venkatesa Perumal Nagar - Vallaba Ganapthi 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 - Vallaba Ganapthi Street

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Sri Venkatesa Perumal Nagar - Vallaba Ganapthi Street guideline value

The current guideline value for Sri Venkatesa Perumal Nagar - Vallaba Ganapthi 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 SRO. The land classification for this area is Residential Class II Type - I.

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

Over the years, the guideline value for Sri Venkatesa Perumal Nagar - Vallaba Ganapthi Street has seen significant changes. The 2007 revision set the value at Rs 500 per sq.ft, which increased dramatically to Rs 3,500 per sq.ft in the 2012 revision. This figure remained unchanged until the 2023 revision, where it was again Rs 3,500 per sq.ft. The most recent 2024 revision raised the value by 10% to Rs 3,850 per sq.ft.

Notably, the revisions for the years 2017, 2003, and 2002 do not have any figures recorded for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 670%.

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 value for these streets is Rs 3,850 per sq.ft, making the guideline value for Sri Venkatesa Perumal Nagar - Vallaba Ganapthi Street equal to this median.

Stamp duty and registration fee for property in Sri Venkatesa Perumal Nagar - Vallaba Ganapthi 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 fees together to Rs 3,46,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

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

The Sri Venkatesa Perumal Nagar - Vallaba Ganapthi Street is covered by 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 plays a crucial role in property transactions in Valasaravakkam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that must be paid at the time of registration. This ensures that the transaction is recorded accurately and legally.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of property transactions. Understanding this value helps in making informed decisions during the buying or selling process.

Frequently asked questions

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

The current guideline value for Sri Venkatesa Perumal Nagar - Vallaba Ganapthi 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 this period.

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

For a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500, and the registration fee would be Rs 77,000, totaling Rs 3,46,500.

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

The Virugambakkam Sub Registrar Office covers this street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for this area?

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