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Guideline Value

Corporate

Guideline Value for Vijayaraghavapuram 3rd Street

₹2750/sq.ft.

The guideline value for Vijayaraghavapuram 3rd Street 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 ₹450 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹412 /sq.ft.
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 3rd Street

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Vijayaraghavapuram 3rd Street guideline value

The current guideline value of Vijayaraghavapuram 3rd Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Saligramam village under the Virugambakkam SRO, classified as Residential Class III Type - II.

How the guideline value of Vijayaraghavapuram 3rd Street has changed

The guideline value for Vijayaraghavapuram 3rd Street has seen several revisions over the years. In 2002, the value was Rs 412 per sq.ft, which increased to Rs 450 per sq.ft in 2003. The value rose significantly to Rs 550 per sq.ft in 2007, and then saw a substantial increase to Rs 2,500 per sq.ft in 2012. However, it dropped to Rs 1,675 per sq.ft in 2017 before rising again to Rs 2,500 per sq.ft in 2023. The latest revision in 2024 has set the guideline value at Rs 2,750 per sq.ft.

Between these revisions, several notable changes occurred. From 2002 to 2003, the increase was +9%. The value rose by +22% from 2003 to 2007, followed by a remarkable +355% increase from 2007 to 2012. The value then decreased by -33% from 2012 to 2017, and saw a significant rise of +49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects an increase of +10%. Overall, from 2002 to 2024, the guideline value has increased by +567%.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO with a 2024 guideline value ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, making the 2024 guideline value for Vijayaraghavapuram 3rd Street below this median.

Stamp duty and registration fee for property in Vijayaraghavapuram 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, while the registration fee at 2% would be Rs 55,000. Together, these fees would total Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Vijayaraghavapuram 3rd Street?

The Vijayaraghavapuram 3rd Street falls under the Virugambakkam Sub Registrar Office. The address is No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Saligramam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the correct revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Vijayaraghavapuram 3rd Street?

The current guideline value of Vijayaraghavapuram 3rd Street 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 seen several revisions, starting from Rs 412 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of +567%.

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 3rd Cross Street, Vijayaraghavapuram 4th Cross Street, Vijayaraghavapuram 2nd Street, Vijayaraghavapuram 4th Cross Street (5th Street), Vijayaraghavapuram 2nd Cross Street, and Vijayaraghavapuram 4th Street.

Where is the Virugambakkam Sub Registrar Office located?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2% of the same value.