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Guideline Value

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Guideline Value for Venkatasubramaniya Nagar 2nd Street & Cross Street

₹3850/sq.ft.

The guideline value for Venkatasubramaniya Nagar 2nd Street & Cross Street in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Valasaravakkam

Village

Virugambakkam

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /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)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[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 Venkatasubramaniya Nagar 2nd Street & Cross Street

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Venkatasubramaniya Nagar 2nd Street & Cross Street guideline value

The current guideline value of Venkatasubramaniya Nagar 2nd Street & Cross Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village, under the jurisdiction of the Virugambakkam SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Venkatasubramaniya Nagar 2nd Street & Cross Street has changed

The guideline value for Venkatasubramaniya Nagar 2nd Street & Cross Street has undergone several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 3,500 per sq.ft. This value then decreased to Rs 2,345 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to the latest revision in 2024, the value increased significantly by 64%, bringing it to Rs 3,850 per sq.ft.

It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2023 in the register for this street. Overall, comparing the figures from 2012 to 2024, the guideline value has seen a slight increase of 10%.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO that have a guideline value for 2024, ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 3,850 per sq.ft, which aligns with the current value for Venkatasubramaniya Nagar 2nd Street & Cross Street.

Stamp duty and registration fee for property in Venkatasubramaniya Nagar 2nd Street & Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty, charged at 7%, would be Rs 2,69,500, while the registration fee at 2% would be Rs 77,000. Together, the total cost for stamp duty and registration fee would be Rs 3,46,500. It is important to note that the 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 Venkatasubramaniya Nagar 2nd Street & Cross Street?

The Sub Registrar Office that covers Venkatasubramaniya Nagar 2nd Street & Cross Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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

The guideline value plays a crucial role in the property registration process in Valasaravakkam. When buying or selling a property, the guideline value is used to determine the stamp duty and registration fees, ensuring that these costs are based on a standard valuation set by the government.

It is essential for buyers and sellers to be aware of the current guideline value as it directly impacts the total cost involved in property transactions. This ensures transparency and fairness in the registration process.

Frequently asked questions

What is the current guideline value of Venkatasubramaniya Nagar 2nd Street & Cross Street?

The current guideline value of Venkatasubramaniya Nagar 2nd Street & Cross Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2012 to Rs 2,345 per sq.ft in 2017, then increased to Rs 3,850 per sq.ft in 2024. There are no figures for the years 2002, 2003, 2007, and 2023.

What is the land classification for Venkatasubramaniya Nagar 2nd Street & Cross Street?

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

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

The Sub Registrar Office for Venkatasubramaniya Nagar 2nd Street & Cross Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

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 38,50,000, the stamp duty would be Rs 2,69,500 at a rate of 7%.