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Guideline Value

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Guideline Value for Vijayaraghavapuram 4th Cross Street

₹2750/sq.ft.

The guideline value for Vijayaraghavapuram 4th 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 4th Cross Street

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Vijayaraghavapuram 4th Cross Street guideline value

The current guideline value of Vijayaraghavapuram 4th 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 4th Cross Street has changed

The guideline value for Vijayaraghavapuram 4th Cross Street has undergone 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, marking a 9% rise. By 2007, the value saw a significant increase to Rs 550 per sq.ft, representing a 22% growth. The value further escalated to Rs 2,500 per sq.ft in 2012, reflecting a substantial increase of 355% from the previous revision.

From 2012 to 2017, however, the value decreased to Rs 1,675 per sq.ft, indicating a decline of 33%. The value then rose again to Rs 2,500 per sq.ft in 2023, and most recently, it has been revised to Rs 2,750 per sq.ft in 2024, which is a 10% increase from the previous year. The overall change from 2002 to 2024 shows an increase of 567%.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO, with guideline values for 2024 ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median guideline value in this area is Rs 4,400 per sq.ft, placing the 2024 figure for Vijayaraghavapuram 4th Cross Street below that median.

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

For a 1,000 sq.ft plot at the current guideline value 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, bringing the total to Rs 2,47,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vijayaraghavapuram 4th Cross Street?

The Sub Registrar Office that covers Vijayaraghavapuram 4th Cross Street is 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 plays a crucial role in the registration of property transactions in Saligramam. It is the minimum value determined by the government for properties in a specific area, and it is used to calculate the stamp duty and registration fees that need to be paid during the transaction.

When buying or selling property, the guideline value ensures that the transaction reflects a fair value as per government standards. Buyers and sellers must consider this value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Vijayaraghavapuram 4th 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 seen significant changes 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 this street?

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

Where is the Sub Registrar Office 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 guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a total of Rs 2,47,500 in fees.