Guideline Value

Corporate

Guideline Value for DAYASADAN ROAD

₹2750/sq.ft.

The guideline value for Dayasadan Road in Nerkundram village (Virugambakkam SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nerkundram

Village

Virugambakkam

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹700 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹193 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹175 /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 Dayasadan Road

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Dayasadan Road guideline value

The current guideline value for Dayasadan Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This road is located in Nerkundram village under the Virugambakkam SRO, classified as Residential Class III Type - I.

How the guideline value of Dayasadan Road has changed

The guideline value for Dayasadan Road has seen several revisions over the years. In 2002, the value was Rs 175 per sq.ft. This increased to Rs 193 per sq.ft in 2003, marking a 10% rise. The value then jumped significantly to Rs 700 per sq.ft in 2007, a change of 263%. Following this, the value decreased to Rs 2,500 per sq.ft in 2012, a decline of 33%. In 2017, it rose again to Rs 1,675 per sq.ft, an increase of 49%. The most recent revisions show that in 2023, the value was Rs 2,500 per sq.ft, and it has now increased to Rs 2,750 per sq.ft in 2024, reflecting a 10% rise.

Overall, from 2002 to 2024, the guideline value has increased by 1,471%. The register has no figures for the years not mentioned in this summary.

Guideline values in Nerkundram

Nerkundram village has a total of 476 streets under the Virugambakkam SRO, with 2024 guideline values 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, placing Dayasadan Road's 2024 value above this median.

Stamp duty and registration fee for property in Dayasadan Road

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, while the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Dayasadan Road?

The Sub Registrar Office that covers Dayasadan Road 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 crucial in the registration process when buying or selling property in Nerkundram. It serves as a benchmark for determining the stamp duty and registration fees that are applicable on the transaction.

When a property is sold, the guideline value helps ensure that the sale price reflects a fair value for taxation purposes. This value is essential for both buyers and sellers to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Dayasadan Road?

The current guideline value of Dayasadan Road is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 175 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 1,471% over the years.

What is the land classification for Dayasadan Road?

Dayasadan Road is classified as Residential Class III Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Dayasadan Road?

The Sub Registrar Office for Dayasadan Road is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties on Dayasadan Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, a 1,000 sq.ft plot at Rs 2,750 per sq.ft would incur a stamp duty of Rs 1,92,500.