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Guideline Value

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Guideline Value for Venkatasubramaniya Nagar 7th Street & Cross Street

₹3850/sq.ft.

The guideline value for Venkatasubramaniya Nagar 7th 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 N/A
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 7th Street & Cross Street

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Venkatasubramaniya Nagar 7th Street & Cross Street guideline value

The current guideline value of Venkatasubramaniya Nagar 7th Street & Cross Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Venkatasubramaniya Nagar 7th Street & Cross Street has changed

The guideline value for Venkatasubramaniya Nagar 7th Street & Cross Street has undergone several revisions over the years. The oldest revision available is from 2012, which set the guideline value at Rs 3,500 per sq.ft. The most recent revision in 2024 increased this value by 10% to Rs 3,850 per sq.ft. Notably, there are no figures available for the years 2002, 2003, 2007, 2017, and 2023 for this street.

From 2012 to 2024, the guideline value increased from Rs 3,500 per sq.ft to Rs 3,850 per sq.ft. This change reflects a 10% rise in the guideline value over this period, aligning with the current valuation trends in the area.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO, with the 2024 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 equal to the current value for Venkatasubramaniya Nagar 7th Street & Cross Street.

Stamp duty and registration fee for property in Venkatasubramaniya Nagar 7th 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 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, bringing the total charges to 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 details.

Which Sub Registrar Office covers Venkatasubramaniya Nagar 7th Street & Cross Street?

The Venkatasubramaniya Nagar 7th Street & Cross Street is covered by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during property registration in Valasaravakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted transparently and fairly.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which means it is essential to understand the guideline value before proceeding with a transaction.

Frequently asked questions

What is the current guideline value for Venkatasubramaniya Nagar 7th Street & Cross Street?

The current guideline value for Venkatasubramaniya Nagar 7th 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 3,850 per sq.ft in 2024, reflecting a 10% increase. There are no figures available for the years 2002, 2003, 2007, 2017, and 2023 for this street.

What is the land classification for this street?

The land classification for Venkatasubramaniya Nagar 7th Street & Cross Street is Residential Class II Type - I.

What are the stamp duty and registration fees for a property here?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 38,50,000. The stamp duty would be Rs 2,69,500, and the registration fee would be Rs 77,000, totaling Rs 3,46,500.

Which office handles registrations for this area?

The Virugambakkam Sub Registrar Office handles registrations for Venkatasubramaniya Nagar 7th Street & Cross Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.