Guideline Value

Corporate

Guideline Value for C.D.N. Nagar 14th Street

₹2200/sq.ft.

The guideline value for C.d.n. Nagar 14th 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 14th Street

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C.D.N. Nagar 14th Street guideline value

The current guideline value of C.D.N. Nagar 14th Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Nerkundram village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of C.D.N. Nagar 14th Street has changed

The guideline value for C.D.N. Nagar 14th Street has seen 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 then rose to Rs 350 per sq.ft in 2007, showing a 40% increase. A substantial jump occurred in 2012 when the value reached Rs 2,000 per sq.ft, reflecting a remarkable growth of 471%. However, in 2017, the value decreased to Rs 1,340 per sq.ft, a decline of 33%. The guideline value then increased to Rs 2,000 per sq.ft in 2023, followed by another increase to Rs 2,200 per sq.ft in 2024, which is a 10% rise from the previous year.

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

Guideline values in Nerkundram

Nerkundram 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 2024 figure for C.D.N. Nagar 14th Street.

Stamp duty and registration fee for property in C.D.N. Nagar 14th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty, charged at 7%, would be Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, bringing the total fees to 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 further calculations.

Which Sub Registrar Office covers C.D.N. Nagar 14th Street?

The C.D.N. Nagar 14th 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 is a critical factor in property transactions in Nerkundram, as it serves as a benchmark for the registration of properties. When buying or selling property, the guideline value helps determine the applicable stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved.

During the registration process, the guideline value is compared to the sale price, and the higher of the two amounts is used to calculate the necessary fees. This ensures that the registration process is transparent and consistent across properties in the area.

Frequently asked questions

What is the current guideline value for C.D.N. Nagar 14th Street?

The current guideline value for C.D.N. Nagar 14th 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, reflecting an overall increase of 2100% over this period.

What are the other streets with the same guideline value in Nerkundram?

Other streets in Nerkundram with the same guideline value of Rs 2,200 per sq.ft for 2024 include C.D.N. Nagar 11th, 12th, 13th, 15th, 16th, and 17th Streets.

What fees are associated with buying property in C.D.N. Nagar 14th Street?

When buying property in C.D.N. Nagar 14th Street, the stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, these fees total Rs 1,98,000.

Where can I find the Sub Registrar Office for C.D.N. Nagar 14th Street?

The Sub Registrar Office covering C.D.N. Nagar 14th Street is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.