Guideline Value

Corporate

Guideline Value for C.D.N. Nagar 9th Street

₹2200/sq.ft.

The guideline value for C.d.n. Nagar 9th 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 9th Street

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C.D.N. Nagar 9th Street guideline value

The current guideline value of C.D.N. Nagar 9th 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 falls under the Residential Class IV Type - I land classification.

How the guideline value of C.D.N. Nagar 9th Street has changed

The guideline value for C.D.N. Nagar 9th Street has undergone several revisions over the years. Starting with the 2002 revision, the value was set at Rs 100 per sq.ft. This increased to Rs 250 per sq.ft in 2003, marking a 150% rise. The value saw further increases, reaching Rs 350 per sq.ft in 2007, a 40% increase from the previous year. The 2012 revision maintained the value at Rs 2,000 per sq.ft, a significant decrease of 471% from 2007. The value then rose to Rs 1,340 per sq.ft in 2017, reflecting a 33% decrease from 2012. In 2023, the guideline value increased to Rs 2,000 per sq.ft, a 49% increase from 2017, before reaching the current value of Rs 2,200 per sq.ft in 2024, which is a 10% rise from the previous year.

There are no figures available for the years not mentioned in the revisions for C.D.N. Nagar 9th Street. The overall increase from 2002 to 2024 stands at 2100%.

Guideline values in Nerkundram

In Nerkundram, there are 476 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 1,650 to 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 9th Street.

Stamp duty and registration fee for property in C.D.N. Nagar 9th Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be 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 duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers C.D.N. Nagar 9th Street?

The Sub Registrar Office that covers C.D.N. Nagar 9th 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 when registering property transactions in Nerkundram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of C.D.N. Nagar 9th Street?

The current guideline value of C.D.N. Nagar 9th 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 2100% over this period.

What are the stamp duty and registration fees for a property in C.D.N. Nagar 9th Street?

For a 1,000 sq.ft property, the total stamp duty and registration fees would amount to Rs 1,98,000, based on the current guideline value of Rs 22,00,000.

Which Sub Registrar Office covers C.D.N. Nagar 9th Street?

The Virugambakkam Sub Registrar Office covers C.D.N. Nagar 9th Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for C.D.N. Nagar 9th Street?

C.D.N. Nagar 9th Street falls under the Residential Class IV Type - I land classification.