Guideline Value for Venkatasubramaniya Nagar 11th Street & Cross Street

Venkatasubramaniya Nagar 11th Street & Cross Street guideline value

The current guideline value of Venkatasubramaniya Nagar 11th 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 11th Street & Cross Street has changed

The guideline value for Venkatasubramaniya Nagar 11th Street & Cross Street has seen several revisions over the years. The earliest figure available is from the 2012 revision, which was Rs 3,500 per sq.ft. The most recent revision in 2024 shows an increase 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. Thus, the only revisions noted are from 2012 and 2024.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO that carry a 2024 guideline value, 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 figure for Venkatasubramaniya Nagar 11th Street & Cross Street.

• Venkatasubramaniya Nagar 10th 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 11th Street & Cross Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, while the registration fee at 2% would be Rs 77,000, bringing the total to Rs 3,46,500. Duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Venkatasubramaniya Nagar 11th Street & Cross Street?

The Venkatasubramaniya Nagar 11th 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 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 is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value serves as a benchmark for calculating the applicable fees, ensuring that the transaction is recorded accurately in the official records.

Frequently asked questions

What is the current guideline value of Venkatasubramaniya Nagar 11th Street & Cross Street?

The current guideline value of Venkatasubramaniya Nagar 11th 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 2003, 2007, 2017, and 2023 for this street.

What is the land classification for this street?

The land classification for Venkatasubramaniya Nagar 11th Street & Cross Street is Residential Class II Type - I.

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

The Virugambakkam Sub Registrar Office covers Venkatasubramaniya Nagar 11th Street & Cross Street, 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 at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.