Guideline Value

Corporate

Guideline Value for VISVANATHAN MAIN CROSS ROAD

₹2480/sq.ft.

The guideline value for Visvanathan Main Cross Road 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 Main Cross Road

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Visvanathan Main Cross Road guideline value

The current guideline value of Visvanathan Main Cross Road is Rs 2,480 per sq.ft, effective from 1 July 2024. This road 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 Main Cross Road has changed

The guideline value for Visvanathan Main Cross Road has undergone several revisions over the years. The 2012 revision set the value at Rs 2,250 per sq.ft, which was then reduced to Rs 1,507 per sq.ft in 2017. The subsequent 2023 revision marked an increase to Rs 2,250 per sq.ft, followed by the current 2024 revision that raised it to Rs 2,480 per sq.ft, reflecting a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. However, the value dropped by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures available 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 have a 2024 guideline value ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median value for these streets is Rs 1,930 per sq.ft, placing the 2024 value of Visvanathan Main Cross Road above this median.

Stamp duty and registration fee for property in Visvanathan Main Cross Road

For a 1,000 sq.ft plot at the current rate of Rs 2,480 per sq.ft, the guideline value amounts to Rs 24,80,000. The stamp duty at 7% would be Rs 1,73,600, while the registration fee at 2% would be Rs 49,600, bringing the total to Rs 2,23,200. It is important to note that the 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 information.

Which Sub Registrar Office covers Visvanathan Main Cross Road?

The Sub Registrar Office that covers Visvanathan Main Cross Road 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 further assistance.

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

The guideline value is a crucial factor during property registration in Karambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value must be considered, as it directly influences the costs associated with the transaction. Buyers should be aware that the higher of the guideline value or the sale price will be used to calculate the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Visvanathan Main Cross Road?

The current guideline value of Visvanathan Main Cross Road 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 increased 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 for Visvanathan Main Cross Road?

Visvanathan Main Cross Road is classified as Residential Class II Type - I.

What is the range of guideline values for other streets in Karambakkam?

The guideline values for other streets in Karambakkam range from Rs 1,100 to Rs 5,500 per sq.ft, with a median value of Rs 1,930 per sq.ft.

Where can I find the Sub Registrar Office for Visvanathan Main Cross Road?

The Sub Registrar Office for Visvanathan Main Cross Road is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.