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Guideline Value

Corporate

Guideline Value for Alagammal Nagar 5th Street

₹2750/sq.ft.

The guideline value for Alagammal Nagar 5th 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 5th Street

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Alagammal Nagar 5th Street guideline value

The current guideline value of Alagammal Nagar 5th Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Nerkundram village, falling under the Virugambakkam SRO, and is classified as Residential Class III Type - I.

How the guideline value of Alagammal Nagar 5th Street has changed

The guideline value for Alagammal Nagar 5th Street has seen several revisions over the years. In 2002, the guideline value was Rs 270 per sq.ft. It increased to Rs 400 per sq.ft in both 2003 and 2007. The value then rose significantly to Rs 2,500 per sq.ft in 2012, before dropping to Rs 1,675 per sq.ft in 2017. Following this, it increased to Rs 2,500 per sq.ft in 2023 and finally reached Rs 2,750 per sq.ft in 2024.

Between these revisions, notable changes include a 10% increase from 2023 to 2024, a 49% increase from 2017 to 2023, and a 525% increase from 2007 to 2012. The overall change from 2002 to 2024 reflects an increase of 919%. The register has no figure for this street for the years not mentioned in the revisions.

Guideline values in Nerkundram

In Nerkundram, there are 476 streets under the Virugambakkam SRO with a 2024 guideline value ranging from Rs 1,650 to Rs 6,600 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing Alagammal Nagar 5th Street's 2024 figure above that median.

Stamp duty and registration fee for property in Alagammal Nagar 5th 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, while the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. Please note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Alagammal Nagar 5th Street?

The Sub Registrar Office that covers Alagammal Nagar 5th Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Nerkundram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and that the appropriate fees are collected based on the established rates. This helps maintain transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Alagammal Nagar 5th Street?

The current guideline value of Alagammal Nagar 5th 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 several times, starting from Rs 270 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 919% over the years.

What is the role of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that these fees are based on a standard rate set by the authorities.

Where can I find the Sub Registrar Office for Alagammal Nagar 5th Street?

The Sub Registrar Office for Alagammal Nagar 5th Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What are the other streets in Nerkundram with the same guideline value?

Other streets in Nerkundram that share the same guideline value of Rs 2,750 per sq.ft include Alagammal Nagar 4th, 6th, 3rd, 7th, 2nd, and 8th Streets.