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Guideline Value

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Guideline Value for Vijayaraghavapuram 4th Cross Street (5th Street)

₹2750/sq.ft.

The guideline value for Vijayaraghavapuram 4th Cross Street (5th 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 (5th Street)

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Vijayaraghavapuram 4th Cross Street (5th Street) guideline value

The current guideline value of Vijayaraghavapuram 4th Cross Street (5th 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 (5th Street) has changed

The guideline value for Vijayaraghavapuram 4th Cross Street has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 412 per sq.ft. This increased to Rs 450 per sq.ft in 2003, followed by a rise to Rs 550 per sq.ft in 2007. The value then surged to Rs 2,500 per sq.ft in 2012, which was a significant increase of 355% from the previous revision. However, it decreased to Rs 1,675 per sq.ft in 2017, marking a drop of 33%.

In 2023, the guideline value was revised to Rs 2,500 per sq.ft, and the latest revision in 2024 set it at Rs 2,750 per sq.ft, reflecting a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 567%. There are no figures available for other revisions for this street.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO, with 2024 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, indicating that the guideline value for Vijayaraghavapuram 4th Cross Street is below this median.

Stamp duty and registration fee for property in Vijayaraghavapuram 4th Cross Street (5th 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, the total fees would be 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 4th Cross Street (5th Street)?

The Vijayaraghavapuram 4th Cross 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 more information.

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

The guideline value is a crucial factor when registering property in Saligramam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as per government regulations.

When buying or selling property, the guideline value helps in determining the minimum value at which the property can be registered. This ensures that all transactions are transparent and comply with local regulations.

Frequently asked questions

What is the current guideline value of Vijayaraghavapuram 4th Cross Street (5th Street)?

The current guideline value of Vijayaraghavapuram 4th Cross Street (5th 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 this period.

What is the land classification for Vijayaraghavapuram 4th Cross Street (5th Street)?

The land classification for Vijayaraghavapuram 4th Cross Street (5th Street) is Residential Class III Type - II.

Where can I find the registration office for this area?

The registration office for Vijayaraghavapuram 4th Cross Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated based on the guideline value?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500.