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Guideline Value

Corporate

Guideline Value for VISVANATHAN 4TH CROSS STREET

₹2480/sq.ft.

The guideline value for Visvanathan 4th 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 4th Cross Street

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Visvanathan 4th Cross Street guideline value

The current guideline value of Visvanathan 4th Cross Street is Rs 2,480 per sq.ft, as per the 2024 revision 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 4th Cross Street has changed

The guideline value for Visvanathan 4th 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. This was a decline of 33%. However, in the subsequent revisions, the value increased significantly, reaching Rs 2,250 per sq.ft in 2023 and then rising to Rs 2,480 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the current 2024 figure, the guideline value has increased by 10%. The 2017 revision to 2023 saw a substantial increase of 49%, reflecting a significant change in the value of the property in this area.

Guideline values in Karambakkam

In Karambakkam, there are 159 streets under the Chennai South Joint I SRO that have a guideline value for 2024, 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, indicating that the guideline value of Visvanathan 4th Cross Street is above the median.

Stamp duty and registration fee for property in Visvanathan 4th 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 at 7% would amount to Rs 1,73,600, and the registration fee at 2% would be Rs 49,600, making the total cost for these fees 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 the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Visvanathan 4th Cross Street?

The Sub Registrar Office that covers Visvanathan 4th 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 in property transactions in Karambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must ensure that the sale price is at least equal to the guideline value to avoid complications during the registration process.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Visvanathan 4th Cross Street?

The current guideline value of Visvanathan 4th 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 2012 to Rs 1,507 per sq.ft in 2017, then to Rs 2,250 per sq.ft in 2023, and finally to Rs 2,480 per sq.ft in 2024.

What is the land classification of Visvanathan 4th Cross Street?

Visvanathan 4th Cross Street is classified as Residential Class II Type - I.

Where can I find the registration office for this area?

The registration office for Visvanathan 4th 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.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 24,80,000 would incur a stamp duty of Rs 1,73,600 and a registration fee of Rs 49,600.