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Guideline Value

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Guideline Value for C.D.N. Nagar 8th Street

₹2200/sq.ft.

The guideline value for C.d.n. Nagar 8th 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 8th Street

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C.D.N. Nagar 8th Street guideline value

The current guideline value of C.D.N. Nagar 8th 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 8th Street has changed

The guideline value for C.D.N. Nagar 8th Street has undergone several revisions since 2002. The earliest recorded value in 2002 was Rs 100 per sq.ft, which increased to Rs 250 per sq.ft in 2003, marking a significant rise of 150%. The value then rose to Rs 350 per sq.ft in 2007, an increase of 40%. Following this, the value saw a substantial jump to Rs 2,000 per sq.ft in 2012, reflecting a remarkable increase of 471%. However, the value decreased to Rs 1,340 per sq.ft in 2017, which was a decline of 33%. The value then rose again to Rs 2,000 per sq.ft in 2023, followed by the current value of Rs 2,200 per sq.ft in 2024, representing a 10% increase.

There are no figures available for the revisions in the years not listed in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 2100%.

Guideline values in Nerkundram

In Nerkundram, there are 476 streets under the Virugambakkam SRO, with 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 value of C.D.N. Nagar 8th Street.

Stamp duty and registration fee for property in C.D.N. Nagar 8th Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 22,00,000. The stamp duty at 7% amounts to Rs 1,54,000, and the registration fee at 2% is Rs 44,000, bringing the total to Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers C.D.N. Nagar 8th Street?

The Sub Registrar Office that covers C.D.N. 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 an essential factor during the registration of property transactions in Nerkundram. It serves as a reference point for determining the stamp duty and registration fees, ensuring that these fees are calculated accurately based on the property's value.

When buying or selling property, the guideline value helps to establish a fair basis for the transaction. It is important for both buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of C.D.N. Nagar 8th Street?

The current guideline value of C.D.N. Nagar 8th 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 from Rs 100 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, showing an overall increase of 2100% over the years.

What are the guideline values of other streets in Nerkundram?

Other streets in Nerkundram also have a guideline value of Rs 2,200 per sq.ft in 2024, including C.D.N. Nagar 7th, 9th, 6th, 5th, 4th, and 3rd Streets.

What is the stamp duty rate for properties in C.D.N. Nagar 8th Street?

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

Where can I find the Sub Registrar Office for C.D.N. Nagar 8th Street?

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