Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Venkatasubramaniya Nagar 14th Street & Cross Street

₹3850/sq.ft.

The guideline value for Venkatasubramaniya Nagar 14th 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 14th Street & Cross Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Venkatasubramaniya Nagar 14th Street & Cross Street guideline value

The current guideline value for Venkatasubramaniya Nagar 14th 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 14th Street & Cross Street has changed

In the 2012 revision, the guideline value was Rs 3,500 per sq.ft. This figure decreased to Rs 2,345 per sq.ft in the 2017 revision, marking a decline of 33%. However, the value saw a significant increase in the 2024 revision, rising to Rs 3,850 per sq.ft, which is an increase of 64% from the 2017 figure. The overall change from 2012 to 2024 shows a modest increase of 10%.

It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2023 for this street. The most recent revision reflects the current market conditions and aligns with the median value for streets in the area.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO with a 2024 guideline value ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,850 per sq.ft, which is the same as the guideline value for Venkatasubramaniya Nagar 14th Street & Cross Street.

Stamp duty and registration fee for property in Venkatasubramaniya Nagar 14th 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, leading to a total of 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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Venkatasubramaniya Nagar 14th Street & Cross Street?

The Venkatasubramaniya Nagar 14th Street & Cross Street falls under the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. For more information, you can find your SRO.

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

When buying or selling property in Valasaravakkam, the guideline value plays a crucial role during the registration process. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the transaction is in compliance with the local regulations.

Both buyers and sellers should be aware that the guideline value can affect the overall costs associated with property transactions. It is advisable to consult the latest figures to understand the financial implications of any property deal.

Frequently asked questions

What is the current guideline value for Venkatasubramaniya Nagar 14th Street & Cross Street?

The current guideline value for Venkatasubramaniya Nagar 14th 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 seen various changes, 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. The overall change from 2012 to 2024 is an increase of 10%.

Which Sub Registrar Office covers this street?

The Virugambakkam Sub Registrar Office covers Venkatasubramaniya Nagar 14th Street & Cross Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total of Rs 3,46,500 in fees.

What is the land classification for Venkatasubramaniya Nagar 14th Street & Cross Street?

The land classification for Venkatasubramaniya Nagar 14th Street & Cross Street is Residential Class II Type - I, indicating its suitability for residential development.