Guideline Value

Corporate

Guideline Value for C.D.N. Nagar 11th Street

₹2200/sq.ft.

The guideline value for C.d.n. Nagar 11th 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 11th Street

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C.D.N. Nagar 11th Street guideline value

The current guideline value of C.D.N. Nagar 11th 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 11th Street has changed

The guideline value for C.D.N. Nagar 11th Street has seen significant changes 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 150% rise. The value continued to rise to Rs 350 per sq.ft in 2007, a 40% increase from the previous revision. The 2012 revision saw a substantial increase to Rs 2,000 per sq.ft, reflecting a 471% change. However, from 2012 to 2017, the value decreased to Rs 1,340 per sq.ft, representing a decline of 33%. The guideline value then increased significantly to Rs 2,000 per sq.ft in 2023, followed by a further increase to Rs 2,200 per sq.ft in 2024, which is a 10% rise.

Overall, from 2002 to 2024, the guideline value has increased by 2100%. The register has no figures for the years not listed above.

Guideline values in Nerkundram

Nerkundram village has a total of 476 streets under the Virugambakkam SRO, with guideline values ranging from Rs 1,650 to Rs 6,600 per sq.ft. The median guideline value for the area is Rs 2,200 per sq.ft, which is equal to the current guideline value for C.D.N. Nagar 11th Street.

Stamp duty and registration fee for property in C.D.N. Nagar 11th 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, while the registration fee at 2% would be Rs 44,000. Together, the total cost for these fees would be Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers C.D.N. Nagar 11th Street?

The C.D.N. Nagar 11th Street is covered by 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 in the registration process when buying or selling property in Nerkundram. It is used to determine the stamp duty and registration fees that are applicable during the transaction. Buyers must ensure that they are aware of the current guideline value to avoid any discrepancies during registration.

When a property is sold, the guideline value is compared to the sale price, and the duty is charged on whichever amount is higher. 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 11th Street?

The current guideline value of C.D.N. Nagar 11th 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 increased from Rs 100 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 2100% over this period.

What is the land classification for C.D.N. Nagar 11th Street?

C.D.N. Nagar 11th Street is classified as Residential Class IV Type - I.

Which office handles property registrations for C.D.N. Nagar 11th Street?

The Virugambakkam Sub Registrar Office handles property registrations for C.D.N. Nagar 11th Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How are stamp duty and registration fees calculated for properties in Nerkundram?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. It is advisable to check the current guideline value to ensure accurate fee calculations.