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Guideline Value

Corporate

Guideline Value for Vijayaraghavapuram 4th Street

₹2750/sq.ft.

The guideline value for Vijayaraghavapuram 4th 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 4th Street

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Vijayaraghavapuram 4th Street guideline value

The current guideline value of Vijayaraghavapuram 4th Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Saligramam village, under the jurisdiction of the Virugambakkam SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of Vijayaraghavapuram 4th Street has changed

The guideline value for Vijayaraghavapuram 4th Street has undergone several revisions since 2002. In 2002, the value was Rs 412 per sq.ft, which increased to Rs 450 per sq.ft in 2003, marking a 9% rise. The value saw further growth, reaching Rs 550 per sq.ft in 2007, an increase of 22%. Following that, in 2012, the value rose significantly to Rs 2,500 per sq.ft, reflecting a 355% increase. However, this was followed by a decrease to Rs 1,675 per sq.ft in 2017, which represented a 33% drop. The guideline value then increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024, showing a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 567%. There are no figures available for the revisions in years other than those specified.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 13,200 per sq.ft, with a median value of Rs 4,400 per sq.ft. Vijayaraghavapuram 4th Street's 2024 guideline value is below this median.

Stamp duty and registration fee for property in Vijayaraghavapuram 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total 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, making the total cost for these fees Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Vijayaraghavapuram 4th Street?

The Vijayaraghavapuram 4th Street is covered by 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 Saligramam

The guideline value plays a crucial role when buying or selling property in Saligramam. It is used to determine the stamp duty and registration fees that must be paid during the registration process. This ensures that both the buyer and seller are aware of the financial obligations associated with the transaction.

When a property is registered, the guideline value is taken into account to calculate the fees, which helps maintain transparency in property transactions. It is essential for buyers and sellers to be familiar with the guideline value to avoid any unexpected costs during the registration process.

Frequently asked questions

What is the current guideline value of Vijayaraghavapuram 4th Street?

The current guideline value of Vijayaraghavapuram 4th 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 changed from Rs 412 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 567% over the years.

What is the land classification for Vijayaraghavapuram 4th Street?

The land classification for Vijayaraghavapuram 4th Street is Residential Class III Type - II.

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

The Sub Registrar Office covering Vijayaraghavapuram 4th 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, a 1,000 sq.ft plot at the current guideline value results in a total stamp duty of Rs 1,92,500.