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Guideline Value

Corporate

Guideline Value for Alagammal Nagar 8th Street

₹2750/sq.ft.

The guideline value for Alagammal Nagar 8th 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 8th Street

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Alagammal Nagar 8th Street guideline value

The current guideline value of Alagammal Nagar 8th 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 8th Street has changed

Since 2002, the guideline value for Alagammal Nagar 8th Street has undergone several revisions. The figures are as follows: In 2002, the guideline value was Rs 270 per sq.ft. This increased to Rs 400 per sq.ft in 2003, and remained the same until 2007. In 2007, the value saw a significant rise to Rs 2,500 per sq.ft in 2012, followed by a decrease to Rs 1,675 per sq.ft in 2017. The value then increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.

The changes between these revisions are notable. From 2002 to 2024, the overall increase is 919%. The most significant jump occurred from 2007 to 2012, with an increase of 525%. However, there was a decrease of 33% from 2012 to 2017. The increase from 2023 to 2024 was 10%, while the jump from 2017 to 2023 was 49%.

Guideline values in Nerkundram

Nerkundram village 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 area is Rs 2,200 per sq.ft, making the 2024 figure for Alagammal Nagar 8th Street above that median.

Stamp duty and registration fee for property in Alagammal Nagar 8th 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 for these fees 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 detailed calculations.

Which Sub Registrar Office covers Alagammal Nagar 8th Street?

The Sub Registrar Office that covers Alagammal Nagar 8th 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 in the registration process when buying or selling property in Nerkundram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which means understanding the guideline value is essential for accurate financial planning.

Frequently asked questions

What is the current guideline value of Alagammal Nagar 8th Street?

The current guideline value of Alagammal Nagar 8th 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 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 are the other streets in Nerkundram with the same guideline value?

Several other streets in Nerkundram also have a guideline value of Rs 2,750 per sq.ft in 2024, including Alagammal Nagar 7th, 6th, 5th, 4th, 3rd, and 2nd Streets.

What is the stamp duty rate for properties in Alagammal Nagar 8th Street?

The stamp duty rate for properties in Alagammal Nagar 8th Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Alagammal Nagar 8th Street?

The Sub Registrar Office covering Alagammal Nagar 8th Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.