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Guideline Value

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Guideline Value for Vijayaraghavapuram 2nd Cross Street

₹2750/sq.ft.

The guideline value for Vijayaraghavapuram 2nd Cross 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 2nd Cross Street

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Vijayaraghavapuram 2nd Cross Street guideline value

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

How the guideline value of Vijayaraghavapuram 2nd Cross Street has changed

The guideline value for Vijayaraghavapuram 2nd Cross Street has undergone several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 412 per sq.ft. This figure increased to Rs 450 per sq.ft in 2003, followed by a rise to Rs 550 per sq.ft in 2007. The 2012 revision saw the value increase to Rs 2,500 per sq.ft, but it then dropped to Rs 1,675 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 2,500 per sq.ft, and the latest revision in 2024 set it at Rs 2,750 per sq.ft.

Between these revisions, the changes were significant. From 2002 to 2003, the increase was +9%. The value rose by +22% from 2003 to 2007. The jump from 2007 to 2012 was +355%, but then it decreased by -33% from 2012 to 2017. The value increased by +49% from 2017 to 2023, and the latest revision from 2023 to 2024 reflects a +10% increase. 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 guideline values ranging from Rs 2,750 to Rs 13,200 per sq.ft as of 2024. The median guideline value for these streets is Rs 4,400 per sq.ft, placing Vijayaraghavapuram 2nd Cross Street below this median.

Stamp duty and registration fee for property in Vijayaraghavapuram 2nd Cross 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, while the registration fee at 2% would be Rs 55,000, bringing the total amount for these fees to 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.

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

Which Sub Registrar Office covers Vijayaraghavapuram 2nd Cross Street?

The Vijayaraghavapuram 2nd Cross Street falls under the jurisdiction of 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 Saligramam

The guideline value is an essential factor in the registration process when buying or selling property in Saligramam. It serves as a benchmark for determining the fees associated with the transaction, including stamp duty and registration fees.

When a property is sold, the buyer must pay these fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Vijayaraghavapuram 2nd Cross Street?

The current guideline value of Vijayaraghavapuram 2nd Cross 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 significantly from Rs 412 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of +567% over this period.

What is the land classification for Vijayaraghavapuram 2nd Cross Street?

The land classification for Vijayaraghavapuram 2nd Cross Street is Residential Class III Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for a property here?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which office handles the registration for this street?

The Virugambakkam Sub Registrar Office handles the registration for Vijayaraghavapuram 2nd Cross Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.