Guideline Value

Corporate

Guideline Value for C.D.N. Nagar 7th Street

₹2200/sq.ft.

The guideline value for C.d.n. Nagar 7th 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 7th Street

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C.D.N. Nagar 7th Street guideline value

The current guideline value of C.D.N. Nagar 7th Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Nerkundram village, under the Virugambakkam SRO, and is classified as Residential Class IV Type - I.

How the guideline value of C.D.N. Nagar 7th Street has changed

The guideline value for C.D.N. Nagar 7th Street has undergone several revisions over the years. In 2002, the guideline value was Rs 100 per sq.ft, which increased to Rs 250 per sq.ft in 2003, marking a significant rise of 150%. The value continued to rise, reaching Rs 350 per sq.ft in 2007, an increase of 40%. By 2012, the value was Rs 2,000 per sq.ft, showing a substantial increase of 471% from the previous revision. However, this figure dropped to Rs 1,340 per sq.ft in 2017, reflecting a decrease of 33%. The guideline value then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024, representing a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 2100%. The register has no figure for the years not mentioned in the revisions.

Guideline values in Nerkundram

Nerkundram village features a range of guideline values for its streets, with 476 streets under the Virugambakkam SRO carrying a 2024 figure between Rs 1,650 and Rs 6,600 per sq.ft. The median value is Rs 2,200 per sq.ft, which is the same as the current guideline value for C.D.N. Nagar 7th Street.

Stamp duty and registration fee for property in C.D.N. Nagar 7th 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, totaling 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers C.D.N. Nagar 7th Street?

The C.D.N. Nagar 7th Street falls under the jurisdiction of 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 plays a crucial role during the registration of property transactions in Nerkundram. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on the officially recognized value of the property.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. This value is updated periodically, reflecting changes in the real estate market and local regulations.

Frequently asked questions

What is the current guideline value of C.D.N. Nagar 7th Street?

The current guideline value of C.D.N. Nagar 7th 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 significantly over the years, increasing from Rs 100 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, which is an overall increase of 2100%.

What is the stamp duty rate for properties in C.D.N. Nagar 7th Street?

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

Which office handles property registrations for C.D.N. Nagar 7th Street?

The Virugambakkam Sub Registrar Office handles property registrations for C.D.N. Nagar 7th Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How can I calculate the registration fees for a property?

You can calculate the registration fees for a property using the stamp duty and registration fee calculator available online.