Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for DHANALAKSHMI NAGAR - E.V.R. Periyar Street

₹2200/sq.ft.

The guideline value for Dhanalakshmi Nagar - E.v.r. Periyar 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 ₹500 /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 Dhanalakshmi Nagar - E.v.r. Periyar Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

DHANALAKSHMI NAGAR - E.V.R. Periyar Street guideline value

The current guideline value for DHANALAKSHMI NAGAR - E.V.R. Periyar Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Nerkundram village under the Virugambakkam SRO, classified as Residential Class IV Type - I.

How the guideline value of DHANALAKSHMI NAGAR - E.V.R. Periyar Street has changed

The guideline value for DHANALAKSHMI NAGAR - E.V.R. Periyar Street has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 500 per sq.ft, which increased significantly to Rs 2,000 per sq.ft by the 2012 revision. However, it dropped to Rs 1,340 per sq.ft in the 2017 revision, before rising again to Rs 2,000 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 340%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Nerkundram

Nerkundram has a total of 476 streets under the Virugambakkam SRO, with values ranging from Rs 1,650 to Rs 6,600 per sq.ft. The median guideline value in this village is Rs 2,200 per sq.ft, which aligns with the current value for DHANALAKSHMI NAGAR - E.V.R. Periyar Street.

Stamp duty and registration fee for property in DHANALAKSHMI NAGAR - E.V.R. Periyar 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. It is important to note that the 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 more details.

Which Sub Registrar Office covers DHANALAKSHMI NAGAR - E.V.R. Periyar Street?

The Sub Registrar Office that covers DHANALAKSHMI NAGAR - E.V.R. Periyar Street 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 plays a crucial role during property registration in Nerkundram. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the higher of the guideline value and the sale price is considered for calculating the applicable duties. This ensures that the registration process is aligned with the official valuation of properties in the region.

Frequently asked questions

What is the current guideline value for DHANALAKSHMI NAGAR - E.V.R. Periyar Street?

The current guideline value for DHANALAKSHMI NAGAR - E.V.R. Periyar 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 500 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 340% over the years.

What is the land classification for this street?

DHANALAKSHMI NAGAR - E.V.R. Periyar Street is classified as Residential Class IV Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for DHANALAKSHMI NAGAR - E.V.R. Periyar Street is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 22,00,000 would incur a stamp duty of Rs 1,54,000 at 7%.