Guideline Value

Corporate

Guideline Value for VISVANATHAN MAIN ROAD

₹2480/sq.ft.

The guideline value for Visvanathan Main 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 Road

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Visvanathan Main Road guideline value

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

Over the years, the guideline value of Visvanathan Main Road has seen several revisions. The 2012 revision set the value at Rs 2,250 per sq.ft, which was a decrease of 33% from the Rs 1,507 per sq.ft recorded in the 2017 revision. The 2023 revision increased the value to Rs 2,250 per sq.ft, and the most recent 2024 revision has raised it to Rs 2,480 per sq.ft, marking a 10% increase from the previous year.

The revisions for the years 2002, 2003, and 2007 do not have any figures recorded for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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 value for these streets is Rs 1,930 per sq.ft, which means that the guideline value for Visvanathan Main Road is above this median.

Stamp duty and registration fee for property in Visvanathan Main 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, and the registration fee at 2% would be Rs 49,600, bringing the total to Rs 2,23,200. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Visvanathan Main Road?

The Sub Registrar Office covering Visvanathan Main 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 online.

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

The guideline value is an essential factor in property transactions in Karambakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, the buyer and seller must consider this value for calculating stamp duty and registration fees.

It is crucial to ensure that the sale price of the property is in line with the guideline value to avoid any legal complications during the registration process. The registration office will use the guideline value to assess the applicable fees based on the property's size and location.

Frequently asked questions

What is the current guideline value of Visvanathan Main Road?

The current guideline value of Visvanathan Main 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 2023 to Rs 2,480 per sq.ft in 2024, an increase of 10%. The value was Rs 1,507 per sq.ft in 2017, and it decreased to Rs 2,250 per sq.ft in 2012.

What is the land classification for Visvanathan Main Road?

Visvanathan Main Road is classified as Residential Class II Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties on this road?

For a property valued at Rs 24,80,000, the stamp duty would be Rs 1,73,600 and the registration fee would be Rs 49,600, totaling Rs 2,23,200. These fees are based on the guideline value.

Which office handles registrations for properties on Visvanathan Main Road?

The Chennai South Joint I Sub Registrar Office handles registrations for properties on Visvanathan Main Road, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.