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Guideline Value

Corporate

Guideline Value for Viswanathan Street (Vetri Nagar Extension)

₹3301/sq.ft.

The guideline value for Viswanathan Street (vetri Nagar Extension) in Peravallur village (Sembiam SRO, Chennai zone) is Rs 3301 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Peravallur

Village

Sembiam

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹3301 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /sq.ft.
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)

5, Papermills Road, Sembiam, Chennai - 600011.
044-26702002
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Viswanathan Street (vetri Nagar Extension)

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Viswanathan Street (Vetri Nagar Extension) guideline value

The current guideline value of Viswanathan Street (Vetri Nagar Extension) is Rs 3,301 per sq.ft. This street is located in Peravallur village, under the Sembiam SRO, and is classified as Residential Special Type - II.

How the guideline value of Viswanathan Street (Vetri Nagar Extension) has changed

Over the years, the guideline value for Viswanathan Street has seen several revisions. The 2007 revision set the value at Rs 1,000 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012. However, this value dropped by 33% to Rs 2,010 per sq.ft in the 2017 revision. The 2023 revision brought the value back up to Rs 3,000 per sq.ft, and the most recent 2024 revision raised it further to Rs 3,301 per sq.ft, marking a 10% increase from the previous year.

It is important to note that the register has no figures for Viswanathan Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 230%.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 7,100 per sq.ft. The median guideline value for these streets is Rs 3,301 per sq.ft, which is the same as the current value for Viswanathan Street.

Stamp duty and registration fee for property in Viswanathan Street (Vetri Nagar Extension)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,301 per sq.ft, the total guideline value would be Rs 33,01,000. The stamp duty, charged at 7%, would amount to Rs 2,31,070, while the registration fee at 2% would be Rs 66,020. Together, the total cost for these fees would be Rs 2,97,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Viswanathan Street (Vetri Nagar Extension)?

The Sub Registrar Office that covers Viswanathan Street (Vetri Nagar Extension) is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Peravallur. It serves as a benchmark for determining the value of properties during registration and is used to calculate the applicable stamp duty and registration fees. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value will be used to assess the transaction, ensuring that the registration process reflects the appropriate fees. This helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Viswanathan Street?

The current guideline value of Viswanathan Street (Vetri Nagar Extension) is Rs 3,301 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly over the years, with the most recent increase being from Rs 3,000 per sq.ft in 2023 to Rs 3,301 per sq.ft in 2024, which is a 10% rise.

What is the land classification for Viswanathan Street?

Viswanathan Street (Vetri Nagar Extension) is classified as Residential Special Type - II, indicating its designated use for residential purposes.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011. This office handles registrations for properties in this area.

How is stamp duty calculated on properties in Peravallur?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a property valued at Rs 33,01,000 would incur a stamp duty of Rs 2,31,070 at 7%.