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Guideline Value

Corporate

Guideline Value for Visalakshi Nagar Main Road

₹6610/sq.ft.

The guideline value for Visalakshi Nagar Main Road 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 Main Road

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Visalakshi Nagar Main Road guideline value

The current guideline value of Visalakshi Nagar Main Road is Rs 6,610 per sq.ft, effective from 1 July 2024. This road 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 Main Road has changed

The guideline value for Visalakshi Nagar Main Road has seen several revisions over the years. In 2012, the guideline value was Rs 6,000 per sq.ft. This figure remained unchanged until the next revision in 2017, where it decreased to Rs 4,020 per sq.ft. Following this, the value increased significantly to Rs 6,000 per sq.ft in 2023, and then further rose by 10% to Rs 6,610 per sq.ft in the 2024 revision.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. 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 guideline value for these streets is Rs 4,620 per sq.ft, placing Visalakshi Nagar Main Road's 2024 figure above that median.

Stamp duty and registration fee for property in Visalakshi Nagar Main Road

For a 1,000 sq.ft plot at the current rate of Rs 6,610 per sq.ft, the guideline value amounts to Rs 66,10,000. The stamp duty at 7% would be Rs 4,62,700, and the registration fee at 2% would be Rs 1,32,200, totaling 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 information.

Which Sub Registrar Office covers Visalakshi Nagar Main Road?

The Sub Registrar Office that covers Visalakshi Nagar Main Road 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 details.

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

The guideline value plays a crucial role in property transactions in Ekkaduthangal. It is used to determine the stamp duty and registration fees during the buying and selling process. Buyers and sellers should be aware that the guideline value is the basis for these charges, ensuring that the correct fees are paid at the time of registration.

When a property is sold, the guideline value helps establish a legal framework for the transaction. It ensures that both parties are aware of the minimum value that will be considered for taxation purposes, thereby facilitating a smoother registration process.

Frequently asked questions

What is the current guideline value of Visalakshi Nagar Main Road?

The current guideline value of Visalakshi Nagar Main Road 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 increased to Rs 6,000 per sq.ft in 2023, and finally to Rs 6,610 per sq.ft in 2024.

What are the stamp duty and registration fees for properties here?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty and registration fees would amount to Rs 5,94,900, based on the guideline value of Rs 66,10,000.

Which office handles registrations for Visalakshi Nagar Main Road?

The Chennai South Joint I Sub Registrar Office handles registrations for Visalakshi Nagar Main Road, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.

What is the land classification for this area?

The land classification for Visalakshi Nagar Main Road is Commercial Class I Type - II, which indicates its suitability for commercial activities.