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Guideline Value

Corporate

Guideline Value for Visalakshi Nagar 3rd Cross St

₹6610/sq.ft.

The guideline value for Visalakshi Nagar 3rd 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 3rd Cross St

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Visalakshi Nagar 3rd Cross St guideline value

The current guideline value of Visalakshi Nagar 3rd Cross St is Rs 6,610 per sq.ft, effective from 1 July 2024. This street is located in Ekkaduthangal village, under the Chennai South Joint I SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Visalakshi Nagar 3rd Cross St has changed

The guideline value for Visalakshi Nagar 3rd Cross St has seen several revisions over the years. The 2012 revision set the value at Rs 6,000 per sq.ft. However, it decreased to Rs 4,020 per sq.ft in the 2017 revision. The value then increased significantly to Rs 6,000 per sq.ft in 2023, and finally rose to Rs 6,610 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The changes between the revisions include a 49% increase from 2017 to 2023 and a 33% decrease from 2012 to 2017. The register has no 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 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 3rd Cross St above that median.

Stamp duty and registration fee for property in Visalakshi Nagar 3rd 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, and the registration fee at 2% would be Rs 1,32,200, making the total fees together Rs 5,94,900. 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 3rd Cross St?

The Sub Registrar Office covering Visalakshi Nagar 3rd 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 critical factor in property transactions in Ekkaduthangal. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees. Buyers and sellers must consider this value when negotiating prices to ensure compliance with registration requirements.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This value serves as a benchmark for both parties during the transaction, helping to avoid disputes over the sale price and ensuring that all legal obligations are met.

Frequently asked questions

What is the current guideline value of Visalakshi Nagar 3rd Cross St?

The current guideline value of Visalakshi Nagar 3rd 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 2023 to Rs 6,610 per sq.ft in 2024. It was Rs 4,020 per sq.ft in 2017 and Rs 6,000 per sq.ft in 2012.

What is the land classification for Visalakshi Nagar 3rd Cross St?

Visalakshi Nagar 3rd Cross St is classified as Commercial Class I Type - II.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 4,62,700, and the registration fee would be Rs 1,32,200, totaling Rs 5,94,900.

Which office handles registrations for this street?

The Chennai South Joint I Sub Registrar Office handles registrations for Visalakshi Nagar 3rd Cross St, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.