Guideline Value

Corporate

Guideline Value for VISALATCHI NAGAR 1ST STREET

₹6610/sq.ft.

The guideline value for Visalatchi Nagar 1st Street in Ekkaduthangal village (Chennai South Joint I SRO, Chennai zone) is Rs 6610 per sq.ft, effective 1 July 2024. It was Rs 6000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ekkaduthangal

Village

Chennai South Joint I

SRO

Commercial Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹6610 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4020 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹732 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹635 /sq.ft.
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]

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Visalatchi Nagar 1st Street guideline value

The current guideline value of Visalatchi Nagar 1st Street is Rs 6,610 per sq.ft, effective from 1 July 2024. This street is located in Ekkaduthangal village and falls under the Chennai South Joint I SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Visalatchi Nagar 1st Street has changed

The guideline value for Visalatchi Nagar 1st Street has undergone several revisions over the years. In 2002, the guideline value was Rs 635 per sq.ft, which increased to Rs 732 per sq.ft in 2003, marking a 15% rise. By 2007, the value surged to Rs 1,000 per sq.ft, reflecting a significant increase of 37%. The value then saw a dramatic jump to Rs 6,000 per sq.ft in 2012, representing a 500% increase. However, it decreased to Rs 4,020 per sq.ft in 2017, which was a decline of 33%. The guideline value rose again to Rs 6,000 per sq.ft in 2023, and finally reached Rs 6,610 per sq.ft in 2024, indicating a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 941%. There are no figures available for the revisions in years other than those mentioned.

Guideline values in Ekkaduthangal

In Ekkaduthangal, there are 190 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 3,080 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 4,620 per sq.ft, making the 2024 figure for Visalatchi Nagar 1st Street above the median.

Stamp duty and registration fee for property in Visalatchi Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,610 per sq.ft, the total guideline value would be Rs 66,10,000. The stamp duty at 7% would amount to Rs 4,62,700, and the registration fee at 2% would be Rs 1,32,200, bringing the total fees together to Rs 5,94,900. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Visalatchi Nagar 1st Street?

The Sub Registrar Office that covers Visalatchi Nagar 1st 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. You can find your SRO online.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ekkaduthangal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives a fair revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Visalatchi Nagar 1st Street?

The current guideline value of Visalatchi Nagar 1st Street is Rs 6,610 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 635 per sq.ft in 2002 to Rs 6,610 per sq.ft in 2024, reflecting an overall increase of 941% over the years.

What is the land classification for Visalatchi Nagar 1st Street?

The land classification for Visalatchi Nagar 1st Street is Commercial Class I Type - II.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Visalatchi Nagar 1st Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the stamp duty calculated for properties in Ekkaduthangal?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. This amount, along with the registration fee, must be paid at the time of registration.