Guideline Value

Corporate

Guideline Value for VISVANATHAN 2ND CROSS STREET

₹2480/sq.ft.

The guideline value for Visvanathan 2nd 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 2nd Cross Street

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Visvanathan 2nd Cross Street guideline value

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

How the guideline value of Visvanathan 2nd Cross Street has changed

The guideline value for Visvanathan 2nd Cross Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,480 per sq.ft, an increase of 10% from the 2023 revision, which was Rs 2,250 per sq.ft. Prior to that, the 2017 revision recorded a value of Rs 1,507 per sq.ft, marking a significant increase of 49% from the 2017 figure to 2023. The 2012 revision had a guideline value of Rs 2,250 per sq.ft, which was a decrease of 33% from the 2017 figure.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that the register does not have figures for the years 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 carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 1,930 per sq.ft, placing the 2024 figure for Visvanathan 2nd Cross Street above that median.

Stamp duty and registration fee for property in Visvanathan 2nd 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 amounts to Rs 24,80,000. The stamp duty at 7% would be Rs 1,73,600, and the registration fee at 2% would be Rs 49,600, bringing the total cost together to Rs 2,23,200. 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 Visvanathan 2nd Cross Street?

The Sub Registrar Office that covers Visvanathan 2nd 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 information.

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

The guideline value plays a crucial role during the registration of property transactions in Karambakkam. It is used to determine the stamp duty and registration fees applicable to the sale or purchase of property in the area.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Visvanathan 2nd Cross Street?

The current guideline value for Visvanathan 2nd 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. It was Rs 1,507 per sq.ft in 2017 and Rs 2,250 per sq.ft in 2012, reflecting various increases and decreases through the years.

What is the land classification for Visvanathan 2nd Cross Street?

The land classification for Visvanathan 2nd Cross Street is Residential Class II Type - I.

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

The Sub Registrar Office for Visvanathan 2nd 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 higher of the guideline value or the sale price of the property. For example, a property valued at Rs 24,80,000 would incur a stamp duty of Rs 1,73,600 at 7%.