Guideline Value

Corporate

Guideline Value for C.D.N. Nagar 16th Street

₹2200/sq.ft.

The guideline value for C.d.n. Nagar 16th 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 16th Street

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C.D.N. Nagar 16th Street guideline value

The current guideline value of C.D.N. Nagar 16th Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Nerkundram village, under the jurisdiction of the Virugambakkam SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of C.D.N. Nagar 16th Street has changed

The guideline value for C.D.N. Nagar 16th 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 150% rise. The value continued to rise to Rs 350 per sq.ft in 2007, a growth of 40%. By 2012, the value reached Rs 2,000 per sq.ft, reflecting a significant increase of 471% from the previous revision. However, it then decreased to Rs 1,340 per sq.ft in 2017, a decline of 33%.

From 2017 to 2023, the guideline value rose sharply to Rs 2,000 per sq.ft, representing a 49% increase. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft, which is a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 2100%.

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 these streets is Rs 2,200 per sq.ft, which matches the guideline value for C.D.N. Nagar 16th Street.

Stamp duty and registration fee for property in C.D.N. Nagar 16th 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, bringing the total to Rs 1,98,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers C.D.N. Nagar 16th Street?

The C.D.N. Nagar 16th Street falls under the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Nerkundram. It serves as a benchmark for determining the minimum value of a property, ensuring that the registration reflects a fair value based on the current market conditions.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. These fees are based on the higher of the guideline value or the actual sale price, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of C.D.N. Nagar 16th Street?

The current guideline value of C.D.N. Nagar 16th 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%.

What are the stamp duty rates for properties in C.D.N. Nagar 16th Street?

The stamp duty rate is 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2%.

Which office handles property registrations in C.D.N. Nagar 16th Street?

The Virugambakkam Sub Registrar Office handles property registrations for C.D.N. Nagar 16th Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the median guideline value in Nerkundram?

The median guideline value for streets in Nerkundram is Rs 2,200 per sq.ft, which is the same as the guideline value for C.D.N. Nagar 16th Street.