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Guideline Value

Corporate

Guideline Value for Alagammal Nagar 3rd Street

₹2750/sq.ft.

The guideline value for Alagammal Nagar 3rd Street in Nerkundram village (Virugambakkam SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nerkundram

Village

Virugambakkam

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹400 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹270 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[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 Alagammal Nagar 3rd Street

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Alagammal Nagar 3rd Street guideline value

The current guideline value of Alagammal Nagar 3rd Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Nerkundram village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Alagammal Nagar 3rd Street has changed

The guideline value for Alagammal Nagar 3rd Street has seen significant changes over the years. In 2002, the guideline value was Rs 270 per sq.ft, which increased to Rs 400 per sq.ft in 2003. This figure remained unchanged until 2007, when it jumped to Rs 400 per sq.ft again. The next revision in 2012 saw the value rise to Rs 2,500 per sq.ft, but it then decreased to Rs 1,675 per sq.ft in 2017. The value increased to Rs 2,500 per sq.ft in 2023 and finally reached Rs 2,750 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 919%. The changes between revisions show a significant increase from 2017 to 2023 of 49%, while there was a decrease of 33% from 2012 to 2017. The increase from 2007 to 2012 was substantial at 525%, and the value remained stable from 2003 to 2007.

Guideline values in Nerkundram

Nerkundram has a total of 476 streets under the Virugambakkam SRO, with guideline values ranging from Rs 1,650 to Rs 6,600 per sq.ft as of 2024. The median guideline value in this village is Rs 2,200 per sq.ft, placing Alagammal Nagar 3rd Street above that median with its current value of Rs 2,750 per sq.ft.

Stamp duty and registration fee for property in Alagammal Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total cost to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information on fees applicable to your property transaction.

Which Sub Registrar Office covers Alagammal Nagar 3rd Street?

The Sub Registrar Office that covers Alagammal Nagar 3rd Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. For more details, you can find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Nerkundram, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory for property transactions.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Alagammal Nagar 3rd Street?

The current guideline value of Alagammal Nagar 3rd Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 270 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, which is an overall increase of 919%.

What is the registration office for Alagammal Nagar 3rd Street?

The registration office for Alagammal Nagar 3rd Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, for a property valued at Rs 27,50,000, the total fees would be Rs 2,47,500.

Where can I find more information on stamp duty and registration fees?

More information on stamp duty and registration fees can be found using the stamp duty and registration fee calculator.