Guideline Value for Vijayaraghavapuram 3rd Cross Street

Vijayaraghavapuram 3rd Cross Street guideline value

The current guideline value of Vijayaraghavapuram 3rd Cross 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 Cross Street has changed

The guideline value for Vijayaraghavapuram 3rd Cross Street has seen several revisions over the years. In 2002, the guideline value was Rs 412 per sq.ft, which increased to Rs 450 per sq.ft in 2003, marking a rise of 9%. The value then increased to Rs 550 per sq.ft in 2007, reflecting a 22% increase. Following this, the value surged to Rs 2,500 per sq.ft in 2012, an increase of 355%. However, it decreased to Rs 1,675 per sq.ft in 2017, which was a decline of 33%. The value then rose significantly to Rs 2,500 per sq.ft in 2023, before reaching the current figure of Rs 2,750 per sq.ft in 2024, which is a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 567%. The register has no figure for the years not mentioned in this summary.

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 value for these streets is Rs 4,400 per sq.ft, and the guideline value for Vijayaraghavapuram 3rd Cross Street is below this median.

• Vijayaraghavapuram 2nd Street: Rs 2,750 per sq.ft (2024)
• Vijayaraghavapuram 3rd Street: Rs 2,750 per sq.ft (2024)
• Vijayaraghavapuram 2nd Cross Street: Rs 2,750 per sq.ft (2024)
• Vijayaraghavapuram 4th Cross Street: Rs 2,750 per sq.ft (2024)
• Vijayaraghavapuram 1st Street: Rs 2,750 per sq.ft (2024)
• Vijayaraghavapuram 4th Cross Street (5th Street): Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Vijayaraghavapuram 3rd 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 would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total cost together to Rs 2,47,500. Duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more accurate estimates.

Which Sub Registrar Office covers Vijayaraghavapuram 3rd Cross Street?

The Vijayaraghavapuram 3rd Cross Street falls under 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 important figure used during the registration of property transactions in Saligramam. It helps determine the stamp duty and registration fees that need to be paid, ensuring that all transactions are conducted fairly and transparently.

When buying or selling property, the guideline value is referenced to calculate the applicable fees. It is crucial for both buyers and sellers to be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Vijayaraghavapuram 3rd 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 from Rs 412 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 567% over the years.

What is the land classification for Vijayaraghavapuram 3rd Cross Street?

The land classification for Vijayaraghavapuram 3rd Cross Street is Residential Class III Type - II.

Where is the Sub Registrar Office for this street located?

The Virugambakkam Sub Registrar Office is 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. For example, for a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 at a rate of 7%.