Guideline Value

Corporate

Guideline Value for Chinmaya Nagar Extension

₹3850/sq.ft.

The guideline value for Chinmaya Nagar Extension in Nerkundram village (Virugambakkam SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 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

Nerkundram

Village

Virugambakkam

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /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 Chinmaya Nagar Extension

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Chinmaya Nagar Extension guideline value

The current guideline value of Chinmaya Nagar Extension is Rs 3,850 per sq.ft, effective from 1 July 2024. This area is located in Nerkundram village and falls under the Virugambakkam SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Chinmaya Nagar Extension has changed

The guideline value for Chinmaya Nagar Extension has seen significant changes over the years. In the 2007 revision, the guideline value was Rs 1,000 per sq.ft. This figure increased to Rs 3,500 per sq.ft in 2012, marking a substantial rise of 250%. However, in the 2017 revision, the value decreased to Rs 2,345 per sq.ft, reflecting a drop of 33%. The 2023 revision set the value at Rs 3,500 per sq.ft, which was then increased to Rs 3,850 per sq.ft in the 2024 revision, a rise of 10%.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 285%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Nerkundram

Nerkundram village has 476 streets under the Virugambakkam SRO, with guideline values ranging from Rs 1,650 to Rs 6,600 per sq.ft as of 2024. The median guideline value for the village is Rs 2,200 per sq.ft, placing Chinmaya Nagar Extension's 2024 figure above this median.

Stamp duty and registration fee for property in Chinmaya Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total to Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chinmaya Nagar Extension?

The Sub Registrar Office that covers Chinmaya Nagar Extension is 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 when buying or selling property in Nerkundram. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers need to consider this value to ensure compliance with local regulations during the transaction process.

When registering a property, the guideline value influences the stamp duty and registration fees payable. It is essential to be aware of the current guideline value to accurately calculate the costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Chinmaya Nagar Extension?

The current guideline value of Chinmaya Nagar Extension is Rs 3,850 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 1,000 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024, marking an overall increase of 285% over the years.

What is the land classification for Chinmaya Nagar Extension?

The land classification for Chinmaya Nagar Extension is Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Chinmaya Nagar Extension?

The Virugambakkam Sub Registrar Office covers Chinmaya Nagar Extension and is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in Chinmaya Nagar Extension?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 38,50,000 would incur a stamp duty of Rs 2,69,500 at the rate of 7%.