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Guideline Value

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Guideline Value for Venkatasubramaniya Nagar Annexe 1st Street

₹3850/sq.ft.

The guideline value for Venkatasubramaniya Nagar Annexe 1st 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 ₹500 /sq.ft.
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 Annexe 1st Street

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Venkatasubramaniya Nagar Annexe 1st Street guideline value

The current guideline value of Venkatasubramaniya Nagar Annexe 1st Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village under the Virugambakkam SRO, classified as Residential Class II Type - I.

How the guideline value of Venkatasubramaniya Nagar Annexe 1st Street has changed

The guideline value for Venkatasubramaniya Nagar Annexe 1st Street has undergone several revisions since 2007. The value was Rs 500 per sq.ft in 2007, which saw a significant increase to Rs 3,500 per sq.ft in 2012, marking a rise of 600%. However, it then decreased to Rs 2,345 per sq.ft in 2017, a decline of 33%. The most recent revision in 2024 set the value at Rs 3,850 per sq.ft, reflecting a 64% increase from the 2017 figure.

It is important to note that there are no registered figures for Venkatasubramaniya Nagar Annexe 1st Street for the years 2023, 2003, and 2002. Overall, from 2007 to 2024, the guideline value has increased by 670%.

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 value for these streets is Rs 3,850 per sq.ft, which is equal to the 2024 guideline value of Venkatasubramaniya Nagar Annexe 1st Street.

Stamp duty and registration fee for property in Venkatasubramaniya Nagar Annexe 1st 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 fees to Rs 3,46,500. Please 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 Annexe 1st Street?

The Sub Registrar Office that covers Venkatasubramaniya Nagar Annexe 1st Street is 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 determining the stamp duty and registration fees when buying or selling property in Valasaravakkam. It serves as a benchmark for the minimum value at which properties can be registered, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the sale price is compared to the guideline value. The higher of the two figures is used to calculate the applicable stamp duty and registration fees, ensuring that the transaction is recorded at a fair value.

Frequently asked questions

What is the current guideline value of Venkatasubramaniya Nagar Annexe 1st Street?

The current guideline value of Venkatasubramaniya Nagar Annexe 1st 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 significantly over the years, starting from Rs 500 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024, marking an overall increase of 670%.

What is the land classification for Venkatasubramaniya Nagar Annexe 1st Street?

Venkatasubramaniya Nagar Annexe 1st Street is classified as Residential Class II Type - I.

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

The Sub Registrar Office for Venkatasubramaniya Nagar Annexe 1st 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 higher of the guideline value or the sale price of the property. For example, at the current guideline value, a 1,000 sq.ft property would incur a stamp duty of Rs 2,69,500.