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Guideline Value

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Guideline Value for Venkatasubramaniya Nagar 3rd Street & Cross Street

₹3850/sq.ft.

The guideline value for Venkatasubramaniya Nagar 3rd 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 3rd Street & Cross Street

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Venkatasubramaniya Nagar 3rd Street & Cross Street guideline value

The current guideline value for Venkatasubramaniya Nagar 3rd Street & Cross Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village, under the Virugambakkam SRO, and is classified as Residential Class II Type - I.

How the guideline value of Venkatasubramaniya Nagar 3rd Street & Cross Street has changed

The guideline value for Venkatasubramaniya Nagar 3rd Street & Cross Street has undergone several revisions over the years. In 2012, the guideline value was Rs 3,500 per sq.ft, which decreased to Rs 2,345 per sq.ft in 2017. This represents a decline of 33%. However, the value saw a significant increase to Rs 3,850 per sq.ft in the 2024 revision, marking a rise of 64% from 2017.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It should be noted that there are no figures available for the years 2002, 2003, 2007, and 2023 for this street.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO, with guideline values 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 is the same as the current guideline value for Venkatasubramaniya Nagar 3rd Street & Cross Street.

Stamp duty and registration fee for property in Venkatasubramaniya Nagar 3rd Street & Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 3,850 per sq.ft, the guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, totaling Rs 3,46,500. 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 information.

Which Sub Registrar Office covers Venkatasubramaniya Nagar 3rd Street & Cross Street?

The Venkatasubramaniya Nagar 3rd Street & Cross Street is covered by 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 is a crucial factor when registering property transactions in Valasaravakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When buying or selling property, it is essential to consider the guideline value, as it can impact the overall cost of the transaction. Buyers should ensure they are aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Venkatasubramaniya Nagar 3rd Street & Cross Street?

The current guideline value for Venkatasubramaniya Nagar 3rd 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, and then to Rs 3,850 per sq.ft in 2024. This reflects a decline of 33% from 2012 to 2017, followed by a rise of 64% from 2017 to 2024.

What is the land classification for Venkatasubramaniya Nagar 3rd Street & Cross Street?

The land classification for Venkatasubramaniya Nagar 3rd Street & Cross Street is Residential Class II Type - I.

Where can I find the stamp duty and registration fee calculator?

You can find the stamp duty and registration fee calculator at the provided link in the article. It helps in estimating the fees based on the guideline value.

Which Sub Registrar Office covers this area?

The Virugambakkam Sub Registrar Office covers Venkatasubramaniya Nagar 3rd Street & Cross Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.