Guideline Value

Corporate

Guideline Value for C.D.N. Nagar 17th Street

₹2200/sq.ft.

The guideline value for C.d.n. Nagar 17th 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 17th Street

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C.D.N. Nagar 17th Street guideline value

The current guideline value of C.D.N. Nagar 17th 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 17th Street has changed

The guideline value for C.D.N. Nagar 17th Street has seen several revisions over the years. In 2002, the 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 grow, reaching Rs 350 per sq.ft in 2007, a 40% increase from the previous revision. The next revision in 2012 saw a significant jump to Rs 2,000 per sq.ft, representing a 471% increase. However, in 2017, the value decreased to Rs 1,340 per sq.ft, reflecting a 33% decline. The value then rose to Rs 2,000 per sq.ft in 2023, and finally, in 2024, it reached the current value of 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%. The register has no figures for the years not mentioned in the revisions above.

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 for these streets is Rs 2,200 per sq.ft, which is equal to the guideline value of C.D.N. Nagar 17th Street.

Stamp duty and registration fee for property in C.D.N. Nagar 17th 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 at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total charges 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 also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers C.D.N. Nagar 17th Street?

The C.D.N. Nagar 17th 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 crucial factor during property registration in Nerkundram. It serves as a benchmark for determining the minimum value at which property transactions can occur, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value must be considered as it impacts the overall transaction costs. Buyers should be aware that the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of C.D.N. Nagar 17th Street?

The current guideline value of C.D.N. Nagar 17th 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 property in C.D.N. Nagar 17th Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total charges would be Rs 1,98,000.

Which Sub Registrar Office covers C.D.N. Nagar 17th Street?

The Virugambakkam Sub Registrar Office covers C.D.N. Nagar 17th Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification of C.D.N. Nagar 17th Street?

C.D.N. Nagar 17th Street is classified as Residential Class IV Type - I, indicating its intended use for residential purposes.