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Guideline Value

Corporate

Guideline Value for Vijayaraghavapuram Main Road

₹2750/sq.ft.

The guideline value for Vijayaraghavapuram Main Road in Saligramam village (Virugambakkam SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Saligramam

Village

Virugambakkam

SRO

Residential Class III Type - II
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹550 /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 Vijayaraghavapuram Main Road

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Vijayaraghavapuram Main Road guideline value

The current guideline value of Vijayaraghavapuram Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This road is located in Saligramam village under the Virugambakkam Sub Registrar Office (SRO) and falls under Residential Class III Type - II land classification.

How the guideline value of Vijayaraghavapuram Main Road has changed

The guideline value for Vijayaraghavapuram Main Road has seen several revisions over the years. In 2007, the value was Rs 550 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, it then decreased to Rs 1,675 per sq.ft in 2017. The 2023 revision set the value at Rs 2,500 per sq.ft, and the latest revision in 2024 raised it to Rs 2,750 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 400%. The revisions for the years 2002 and 2003 do not have figures recorded for this street in the register.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, placing Vijayaraghavapuram Main Road's 2024 figure below that median.

Stamp duty and registration fee for property in Vijayaraghavapuram Main Road

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. It is important to note that 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 details.

Which Sub Registrar Office covers Vijayaraghavapuram Main Road?

The Sub Registrar Office that covers Vijayaraghavapuram Main Road is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor in the registration of property transactions in Saligramam. It serves as a reference point for calculating stamp duty and registration fees, which are mandatory during the property transfer process.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are paid. Buyers should be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Vijayaraghavapuram Main Road?

The current guideline value of Vijayaraghavapuram Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 400% over the years.

What are the other streets in Saligramam with the same guideline value?

Other streets in Saligramam with the same guideline value of Rs 2,750 per sq.ft include Vijayaraghavapuram 8th Cross Street, Vijayaraghavapuram 7th Cross Street, Vijayaraghavapuram 6th Cross Street (5th Street), Vijayaraghavapuram 6th Cross Street, Vijayaraghavapuram 5th Street, and Vijayaraghavapuram 5th Cross Street.

What is the stamp duty rate for property in Vijayaraghavapuram Main Road?

The stamp duty rate for property in Vijayaraghavapuram Main Road is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Vijayaraghavapuram Main Road?

The Sub Registrar Office for Vijayaraghavapuram Main Road is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.