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Guideline Value

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Guideline Value for C.D.N. Nagar 2nd Street

₹2200/sq.ft.

The guideline value for C.d.n. Nagar 2nd Street in Nerkundram village (Virugambakkam SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nerkundram

Village

Virugambakkam

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹350 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹250 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹100 /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 C.d.n. Nagar 2nd Street

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C.D.N. Nagar 2nd Street guideline value

The current guideline value of C.D.N. Nagar 2nd Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Nerkundram village under the Virugambakkam SRO, classified as Residential Class IV Type - I.

How the guideline value of C.D.N. Nagar 2nd Street has changed

The guideline value for C.D.N. Nagar 2nd Street has seen several revisions over the years. Starting from Rs 100 per sq.ft in 2002, it increased to Rs 250 per sq.ft in 2003, reflecting a significant change of 150%. The value then rose to Rs 350 per sq.ft in 2007, marking a 40% increase. In 2012, the value was revised to Rs 2,000 per sq.ft, which was a substantial jump of 471%. However, it decreased to Rs 1,340 per sq.ft in 2017, showing a decline of 33%. The value then increased to Rs 2,000 per sq.ft in 2023, followed by a further rise to the current rate of Rs 2,200 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 2,100%. There are no figures available for revisions in the years not listed.

Guideline values in Nerkundram

Nerkundram has a total of 476 streets under the Virugambakkam SRO, with the 2024 guideline values ranging from Rs 1,650 to Rs 6,600 per sq.ft. The median value is Rs 2,200 per sq.ft, which is equal to the current guideline value of C.D.N. Nagar 2nd Street.

Stamp duty and registration fee for property in C.D.N. Nagar 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost for these fees to Rs 1,98,000. 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 C.D.N. Nagar 2nd Street?

The Sub Registrar Office that covers C.D.N. Nagar 2nd 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 accurately.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers must be aware that these fees are based on the guideline value or the sale price, whichever is higher, to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of C.D.N. Nagar 2nd Street?

The current guideline value of C.D.N. Nagar 2nd Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 2,100% over the years.

What is the stamp duty rate for property in C.D.N. Nagar 2nd Street?

The stamp duty rate for property in C.D.N. Nagar 2nd Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located for C.D.N. Nagar 2nd Street?

The Sub Registrar Office for C.D.N. Nagar 2nd 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 2,200 per sq.ft include C.D.N. Nagar 1st Street, 3rd Street, 4th Street, 5th Street, 19th Street, and 20th Street.