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Guideline Value

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Guideline Value for Vijayaraghavapuram 6th Cross Street (5th Street)

₹2750/sq.ft.

The guideline value for Vijayaraghavapuram 6th 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 6th Cross Street (5th Street)

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Vijayaraghavapuram 6th Cross Street (5th Street) guideline value

The current guideline value for Vijayaraghavapuram 6th Cross Street (5th Street) is Rs 2,750 per sq.ft. This street is located in Saligramam village, under the Virugambakkam SRO, and is classified as Residential Class III Type - II.

How the guideline value of Vijayaraghavapuram 6th Cross Street (5th Street) has changed

The guideline value for Vijayaraghavapuram 6th 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 change of +9%. By 2007, the value rose significantly to Rs 550 per sq.ft, a change of +22%. In 2012, the value was revised to Rs 2,500 per sq.ft, showing a substantial increase of +355%. However, between 2017 and 2023, the value saw a decrease of -33%, settling at Rs 1,675 per sq.ft in 2017, before rising to Rs 2,500 per sq.ft in 2023. The most recent revision in 2024 set the guideline value at Rs 2,750 per sq.ft, reflecting a change of +10% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +567%. It is important to note that there are no figures available for the revisions in years not mentioned for this street.

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 in 2024. The median guideline value in this area is Rs 4,400 per sq.ft, placing Vijayaraghavapuram 6th Cross Street (5th Street) below that median.

Stamp duty and registration fee for property in Vijayaraghavapuram 6th 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 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 fees together to Rs 2,47,500. It is essential 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 precise calculations.

Which Sub Registrar Office covers Vijayaraghavapuram 6th Cross Street (5th Street)?

The Sub Registrar Office that covers Vijayaraghavapuram 6th Cross Street (5th Street) is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in Saligramam. It serves as a benchmark for determining the minimum value of a property during registration. When a property is bought or sold, the guideline value helps in calculating the applicable stamp duty and registration fees.

Frequently asked questions

What is the current guideline value for Vijayaraghavapuram 6th Cross Street?

The current guideline value for Vijayaraghavapuram 6th 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 significantly 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?

Vijayaraghavapuram 6th Cross Street (5th Street) is classified as 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 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 7%.