Guideline Value for Venkatasubramaniya Nagar 10th Street & Cross Street

Venkatasubramaniya Nagar 10th Street & Cross Street guideline value

The current guideline value of Venkatasubramaniya Nagar 10th 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 it falls under the Residential Class II Type - I land classification.

How the guideline value of Venkatasubramaniya Nagar 10th Street & Cross Street has changed

The guideline value for Venkatasubramaniya Nagar 10th Street & Cross Street has seen several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 3,500 per sq.ft. The most recent revision in 2024 increased this value to Rs 3,850 per sq.ft, marking a change of +10% from the 2012 figure.

There are no figures available for the years 2002, 2003, 2007, 2017, and 2023 in the register for this street. Therefore, the only recorded values are from 2012 and 2024.

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 equal to the current guideline value of Venkatasubramaniya Nagar 10th Street & Cross Street.

• Venkatasubramaniya Nagar 11th Street & Cross Street: Rs 3,850 per sq.ft (2024)
• Venkatasubramaniya Nagar 12th Street & Cross Street: Rs 3,850 per sq.ft (2024)
• Venkatasubramaniya Nagar 13th Street & Cross Street: Rs 3,850 per sq.ft (2024)
• Venkatasubramaniya Nagar 14th Street & Cross Street: Rs 3,850 per sq.ft (2024)
• Venkatasubramaniya Nagar 15th Street & Cross Street: Rs 3,850 per sq.ft (2024)
• Venkatasubramaniya Nagar 16th Street & Cross Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Venkatasubramaniya Nagar 10th 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, making the total cost for these fees 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.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Venkatasubramaniya Nagar 10th Street & Cross Street?

The Venkatasubramaniya Nagar 10th Street & Cross Street falls under the jurisdiction of the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Valasaravakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the Registration Department.

When a property transaction occurs, the guideline value helps in determining the minimum value at which the property can be registered. This ensures transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value for Venkatasubramaniya Nagar 10th Street & Cross Street?

The current guideline value for Venkatasubramaniya Nagar 10th Street & Cross Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has increased from Rs 3,500 per sq.ft to Rs 3,850 per sq.ft in 2024, marking a change of +10%. There are no recorded figures for the years 2002, 2003, 2007, 2017, and 2023 for this street.

What is the land classification for this street?

Venkatasubramaniya Nagar 10th Street & Cross Street is classified under Residential Class II Type - I. This classification is important for determining the appropriate guideline value.

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

The Sub Registrar Office covering Venkatasubramaniya Nagar 10th Street & Cross Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is 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%.