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Guideline Value

Corporate

Guideline Value for Visalakshi Nagar 2nd Cross St

₹6610/sq.ft.

The guideline value for Visalakshi Nagar 2nd 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 2nd Cross St

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Visalakshi Nagar 2nd Cross St guideline value

The current guideline value of Visalakshi Nagar 2nd 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 2nd Cross St has changed

The guideline value for Visalakshi Nagar 2nd Cross St has seen several revisions over the years. The earliest recorded figure is from 2012, where the guideline value was Rs 6,000 per sq.ft. This value changed to Rs 4,020 per sq.ft in 2017, marking a decrease of 33%. Following this, the guideline value increased significantly to Rs 6,000 per sq.ft in 2023, and further rose to Rs 6,610 per sq.ft in 2024, reflecting a 10% increase from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 10%.

The guideline value register does not contain figures for the years 2002, 2003, and 2007 for this street. However, the revisions from 2017 to 2023 show a substantial increase of 49%, highlighting the fluctuations in the guideline value over the years.

Guideline values in Ekkaduthangal

In Ekkaduthangal, there are 190 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 3,080 to Rs 8,800 per sq.ft. The median value for these streets is Rs 4,620 per sq.ft, placing Visalakshi Nagar 2nd Cross St above this median.

Stamp duty and registration fee for property in Visalakshi Nagar 2nd 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 would be Rs 66,10,000. The stamp duty at 7% would amount to Rs 4,62,700, while the registration fee at 2% would be Rs 1,32,200. Together, the total fees would be Rs 5,94,900. It is important to note that the 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 Visalakshi Nagar 2nd Cross St?

The Sub Registrar Office that covers Visalakshi Nagar 2nd 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

The guideline value is a crucial factor when buying or selling property in Ekkaduthangal. It serves as a benchmark for determining the stamp duty and registration fees applicable during the registration process. Buyers and sellers should be aware that the guideline value is used to calculate these fees, ensuring transparency in property transactions.

When a property is registered, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees. This ensures that the transaction reflects the true value of the property in the eyes of the law.

Frequently asked questions

What is the current guideline value of Visalakshi Nagar 2nd Cross St?

The current guideline value of Visalakshi Nagar 2nd 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 2nd Cross St?

The land classification for Visalakshi Nagar 2nd Cross St is Commercial Class I Type - II.

Where can I find the registration office for this area?

The registration office for Visalakshi Nagar 2nd 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 is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is compared with the sale price, and the higher value is used for calculating these fees.