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Guideline Value

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Guideline Value for Venkatasubramaniya Nagar 12th Street & Cross Street

₹3850/sq.ft.

The guideline value for Venkatasubramaniya Nagar 12th 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 12th Street & Cross Street

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Venkatasubramaniya Nagar 12th Street & Cross Street guideline value

The current guideline value of Venkatasubramaniya Nagar 12th Street & Cross Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This property 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 12th Street & Cross Street has changed

In the 2012 revision, the guideline value was Rs 3,500 per sq.ft. It then decreased to Rs 2,345 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2024, the value increased significantly to Rs 3,850 per sq.ft, representing a rise of 64%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

The register has no figure for the years 2002, 2003, 2007, and 2023 for this street. Thus, the only revisions available are from 2012, 2017, and the current 2024 revision.

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 value is Rs 3,850 per sq.ft, which is the same as the 2024 figure for Venkatasubramaniya Nagar 12th Street & Cross Street.

Stamp duty and registration fee for property in Venkatasubramaniya Nagar 12th Street & Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 3,850 per sq.ft, the guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, while the registration fee at 2% would be Rs 77,000, totaling Rs 3,46,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Venkatasubramaniya Nagar 12th Street & Cross Street?

The Venkatasubramaniya Nagar 12th Street & Cross Street falls under the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in property transactions in Valasaravakkam. It is used to determine the stamp duty and registration fees applicable when buying or selling property. This ensures that the transaction is recorded accurately and in accordance with government regulations.

When a buyer or seller approaches the registration office, the guideline value is referenced to calculate the necessary fees. This value helps maintain transparency in property transactions and ensures that all parties are aware of the financial obligations involved.

Frequently asked questions

What is the current guideline value of Venkatasubramaniya Nagar 12th Street & Cross Street?

The current guideline value of Venkatasubramaniya Nagar 12th 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 represents a 10% increase overall from 2012 to 2024.

What is the land classification for this street?

The land classification for Venkatasubramaniya Nagar 12th Street & Cross Street is Residential Class II Type - I.

Where can I find the registration office for this area?

The registration office for Venkatasubramaniya Nagar 12th 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 at 7% would be Rs 2,69,500.