Guideline Value

Corporate

Guideline Value for VISVANATHAN 1ST CROSS STREET

₹2480/sq.ft.

The guideline value for Visvanathan 1st Cross Street in Karambakkam village (Chennai South Joint I SRO, Chennai zone) is Rs 2480 per sq.ft, effective 1 July 2024. It was Rs 2250 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

Karambakkam

Village

Chennai South Joint I

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2480 /sq.ft.
From 1-4-2023 ₹2250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1507 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2250 /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 Visvanathan 1st Cross Street

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Visvanathan 1st Cross Street guideline value

The current guideline value of Visvanathan 1st Cross Street is Rs 2,480 per sq.ft, effective from 1 July 2024. This street is located in Karambakkam village, under the Chennai South Joint I SRO, and is classified as Residential Class II Type - I.

How the guideline value of Visvanathan 1st Cross Street has changed

The guideline value for Visvanathan 1st Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,250 per sq.ft, which then decreased to Rs 1,507 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,250 per sq.ft in the 2023 revision, and most recently to Rs 2,480 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value rose by 49%. Overall, comparing the 2012 revision to the 2024 revision, there has been a 10% increase. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Karambakkam

In Karambakkam, there are 159 streets under the Chennai South Joint I SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 1,930 per sq.ft, indicating that Visvanathan 1st Cross Street's current value is above this median.

Stamp duty and registration fee for property in Visvanathan 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,480 per sq.ft, the total guideline value would be Rs 24,80,000. The stamp duty, charged at 7%, would amount to Rs 1,73,600, while the registration fee at 2% would be Rs 49,600. Together, these fees total Rs 2,23,200. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Visvanathan 1st Cross Street?

The Sub Registrar Office that covers Visvanathan 1st 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. You can find your SRO for more details.

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

The guideline value is crucial when it comes to the registration of properties in Karambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects a fair value for tax purposes.

When buying or selling a property, the guideline value will be used to calculate the stamp duty and registration fees, which are essential components of the property transaction process. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Visvanathan 1st Cross Street?

The current guideline value of Visvanathan 1st Cross Street is Rs 2,480 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,250 per sq.ft in 2023 to Rs 2,480 per sq.ft in 2024, marking a 10% increase. It was Rs 1,507 per sq.ft in 2017 and Rs 2,250 per sq.ft in 2012.

What is the land classification of Visvanathan 1st Cross Street?

Visvanathan 1st Cross Street is classified as Residential Class II Type - I.

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

The Sub Registrar Office for Visvanathan 1st Cross 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 this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 24,80,000, the stamp duty would be Rs 1,73,600 at a rate of 7%.