Guideline Value

Corporate

Guideline Value for VARATHARAJAPURAM 3RD CROSS STREET

₹2750/sq.ft.

The guideline value for Varatharajapuram 3rd Cross Street in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallikaranai

Village

Chennai South Joint I

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[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 Varatharajapuram 3rd Cross Street

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Varatharajapuram 3rd Cross Street guideline value

The current guideline value of Varatharajapuram 3rd Cross Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Varatharajapuram 3rd Cross Street has changed

Over the years, the guideline value of Varatharajapuram 3rd Cross Street has undergone several revisions. The 2012 revision set the value at Rs 2,500 per sq.ft, which was later reduced to Rs 1,675 per sq.ft in the 2017 revision. However, the most recent 2024 revision has increased the guideline value significantly to Rs 2,750 per sq.ft, marking a 64% increase from the 2017 figure. Overall, from the 2012 to the 2024 revision, there has been a slight increase of 10%.

It is important to note that there are no figures available for the revisions in 2023, 2007, 2003, and 2002 for this street. This lack of data indicates that the guideline value has only been officially recorded during the specified years of 2012, 2017, and 2024.

Guideline values in Pallikaranai

In Pallikaranai, there are 749 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value for this area is Rs 1,650 per sq.ft, placing Varatharajapuram 3rd Cross Street's 2024 figure above this median.

Stamp duty and registration fee for property in Varatharajapuram 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, while the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Varatharajapuram 3rd Cross Street?

The Sub Registrar Office that covers Varatharajapuram 3rd Cross Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process for property transactions in Pallikaranai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value helps in calculating applicable duties and fees. It is essential for both buyers and sellers to be aware of the guideline value to avoid any discrepancies during the transaction process.

Frequently asked questions

What is the current guideline value of Varatharajapuram 3rd Cross Street?

The current guideline value of Varatharajapuram 3rd Cross Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, and then increased to Rs 2,750 per sq.ft in 2024. This represents a 64% increase from 2017 to 2024.

What is the land classification for Varatharajapuram 3rd Cross Street?

The land classification for Varatharajapuram 3rd Cross Street is Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Varatharajapuram 3rd Cross Street?

The Sub Registrar Office for Varatharajapuram 3rd Cross Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is stamp duty calculated for properties in Varatharajapuram 3rd Cross Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 27,50,000, the stamp duty at 7% would be Rs 1,92,500.