Guideline Value

Corporate

Guideline Value for C.D.N. Nagar 10th Street

₹2200/sq.ft.

The guideline value for C.d.n. Nagar 10th 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 10th Street

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C.D.N. Nagar 10th Street guideline value

The current guideline value of C.D.N. Nagar 10th 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 10th Street has changed

The guideline value for C.D.N. Nagar 10th Street has seen several revisions over the years. In 2002, the guideline value was Rs 100 per sq.ft. This increased to Rs 250 per sq.ft in 2003, marking a 150% rise. By 2007, the value surged to Rs 350 per sq.ft, reflecting a 40% increase. The value then experienced a significant jump to Rs 2,000 per sq.ft in 2012, which was a 471% increase from the previous revision. However, it decreased to Rs 1,340 per sq.ft in 2017, showing a decline of 33% from 2012. The value then rose to Rs 2,000 per sq.ft in 2023, a 49% increase. Finally, the current guideline value is Rs 2,200 per sq.ft from the 2024 revision, representing a 10% increase from the previous year.

There are no figures available for the years not mentioned in the register for this street. The overall change from 2002 to 2024 is a substantial increase of 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 guideline value for these streets is Rs 2,200 per sq.ft, which is the same as the current figure for C.D.N. Nagar 10th Street.

Stamp duty and registration fee for property in C.D.N. Nagar 10th Street

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, 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 the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers C.D.N. Nagar 10th Street?

The Sub Registrar Office that covers C.D.N. Nagar 10th 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 details.

How the guideline value is used when you buy or sell in Nerkundram

The guideline value is a critical factor in the registration process when buying or selling property in Nerkundram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately, reflecting the official value of the property. This is essential for legal and taxation purposes, providing a clear record of property transactions in the area.

Frequently asked questions

What is the current guideline value of C.D.N. Nagar 10th Street?

The current guideline value of C.D.N. Nagar 10th 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 properties in this area?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles property registrations for C.D.N. Nagar 10th Street?

The Virugambakkam Sub Registrar Office handles property registrations for C.D.N. Nagar 10th Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It serves as an official benchmark for the value of the property being bought or sold.