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Guideline Value

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Guideline Value for CHINAMAYA NAGAR STAGE 2 - Nerkundram Road

₹4950/sq.ft.

The guideline value for Chinamaya Nagar Stage 2 - Nerkundram Road in Chenchery village (Virugambakkam SRO, Chennai zone) is Rs 4950 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Chenchery

Village

Virugambakkam

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹4950 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2100 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
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 Chinamaya Nagar Stage 2 - Nerkundram Road

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CHINAMAYA NAGAR STAGE 2 - Nerkundram Road guideline value

The current guideline value of CHINAMAYA NAGAR STAGE 2 - Nerkundram Road is Rs 4,950 per sq.ft, effective from 1 July 2024. This property is located in Chenchery village, under the jurisdiction of the Virugambakkam SRO, and is classified as Residential Class I Type - I.

How the guideline value of CHINAMAYA NAGAR STAGE 2 - Nerkundram Road has changed

Over the years, the guideline value of CHINAMAYA NAGAR STAGE 2 - Nerkundram Road has seen several revisions. The earliest recorded figure was Rs 2,100 per sq.ft in 2007, which increased significantly to Rs 4,500 per sq.ft in 2012. However, it then dropped to Rs 3,015 per sq.ft in 2017. The guideline value then rose to Rs 4,500 per sq.ft in 2023 before reaching the current value of Rs 4,950 per sq.ft in 2024.

In terms of percentage changes, the guideline value increased by 114% from 2007 to 2012, decreased by 33% from 2012 to 2017, and increased by 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, from 2007 to 2024, the guideline value has increased by 136%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Chenchery

In Chenchery, there are 44 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 7,700 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, placing CHINAMAYA NAGAR STAGE 2 - Nerkundram Road above this median.

Stamp duty and registration fee for property in CHINAMAYA NAGAR STAGE 2 - Nerkundram Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value amounts to Rs 49,50,000. The stamp duty at 7% would be Rs 3,46,500, while the registration fee at 2% would be Rs 99,000, bringing the total cost for these fees to Rs 4,45,500. It is important to 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 more information.

Which Sub Registrar Office covers CHINAMAYA NAGAR STAGE 2 - Nerkundram Road?

The CHINAMAYA NAGAR STAGE 2 - Nerkundram Road falls under 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 Chenchery

The guideline value is a crucial factor in property transactions in Chenchery, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of CHINAMAYA NAGAR STAGE 2 - Nerkundram Road?

The current guideline value of CHINAMAYA NAGAR STAGE 2 - Nerkundram Road is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 2,100 per sq.ft in 2007, rising to Rs 4,500 per sq.ft in 2012, then decreasing to Rs 3,015 per sq.ft in 2017, and increasing to Rs 4,500 per sq.ft in 2023 before reaching Rs 4,950 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at the current guideline value of Rs 49,50,000, the stamp duty would be Rs 3,46,500 and the registration fee would be Rs 99,000, totaling Rs 4,45,500.

Which office handles registrations for CHINAMAYA NAGAR STAGE 2 - Nerkundram Road?

The Virugambakkam Sub Registrar Office handles registrations for CHINAMAYA NAGAR STAGE 2 - Nerkundram Road, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for CHINAMAYA NAGAR STAGE 2 - Nerkundram Road?

CHINAMAYA NAGAR STAGE 2 - Nerkundram Road is classified as Residential Class I Type - I.