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Guideline Value

Corporate

Guideline Value for Visalakshi Nagar 1st Cross St

₹6610/sq.ft.

The guideline value for Visalakshi Nagar 1st Cross St in Ekkaduthangal village (Chennai South Joint I SRO, Chennai zone) is Rs 6610 per sq.ft, effective 1 July 2024. It was Rs 6000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ekkaduthangal

Village

Chennai South Joint I

SRO

Commercial Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹6610 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4020 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[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 Visalakshi Nagar 1st Cross St

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Visalakshi Nagar 1st Cross St guideline value

The current guideline value for Visalakshi Nagar 1st Cross St is Rs 6,610 per sq.ft, effective from 1 July 2024. This street is located in Ekkaduthangal village and falls under the Chennai South Joint I SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Visalakshi Nagar 1st Cross St has changed

The guideline value for Visalakshi Nagar 1st Cross St has undergone several revisions over the years. The 2012 revision set the value at Rs 6,000 per sq.ft, which then decreased to Rs 4,020 per sq.ft in the 2017 revision. Following this, the value significantly increased to Rs 6,000 per sq.ft in the 2023 revision, and finally rose to Rs 6,610 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Between the 2017 and 2023 revisions, there was a substantial increase of 49%. The overall change from the 2012 revision to the 2024 revision shows a 10% increase. It is important to note that the register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ekkaduthangal

In Ekkaduthangal, there are 190 streets under the Chennai South Joint I SRO that have a 2024 guideline value ranging from Rs 3,080 to Rs 8,800 per sq.ft, with a median value of Rs 4,620 per sq.ft. The guideline value for Visalakshi Nagar 1st Cross St is above this median.

Stamp duty and registration fee for property in Visalakshi Nagar 1st Cross St

For a 1,000 sq.ft plot at the current guideline value of Rs 6,610 per sq.ft, the total guideline value amounts to Rs 66,10,000. The stamp duty, charged at 7%, would be Rs 4,62,700, while the registration fee at 2% would be Rs 1,32,200. Together, the total cost for stamp duty and registration fee would be Rs 5,94,900. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Visalakshi Nagar 1st Cross St?

The Sub Registrar Office that covers Visalakshi Nagar 1st Cross St is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

When buying or selling property in Ekkaduthangal, the guideline value is a crucial factor as it determines the stamp duty and registration fees applicable during the transaction. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the appropriate taxes are paid during the registration process.

It is essential for both buyers and sellers to understand the guideline value, as it influences the overall cost of property transactions. Proper knowledge of the current guideline value can aid in making informed decisions during property dealings in Ekkaduthangal.

Frequently asked questions

What is the current guideline value for Visalakshi Nagar 1st Cross St?

The current guideline value for Visalakshi Nagar 1st Cross St is Rs 6,610 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 6,000 per sq.ft in 2012 to Rs 4,020 per sq.ft in 2017, then to Rs 6,000 per sq.ft in 2023, and finally to Rs 6,610 per sq.ft in 2024.

What is the land classification for Visalakshi Nagar 1st Cross St?

The land classification for Visalakshi Nagar 1st Cross St is Commercial Class I Type - II.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Visalakshi Nagar 1st Cross St is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. This ensures that the appropriate fees are collected during the registration process.