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Guideline Value

Corporate

Guideline Value for DHANALAKSHMI NAGAR 2nd Cross Street

₹2200/sq.ft.

The guideline value for Dhanalakshmi Nagar 2nd Cross 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 ₹400 /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 2nd Cross Street

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DHANALAKSHMI NAGAR 2nd Cross Street guideline value

The current guideline value for DHANALAKSHMI NAGAR 2nd Cross Street is Rs 2,200 per sq.ft. This street is located in Nerkundram village under the Virugambakkam SRO, and is classified as Residential Class IV Type - I.

How the guideline value of DHANALAKSHMI NAGAR 2nd Cross Street has changed

The guideline value for DHANALAKSHMI NAGAR 2nd Cross Street has undergone several revisions over the years. The 2007 revision set the value at Rs 400 per sq.ft, which saw a significant increase of 400% to Rs 2,000 per sq.ft in the 2012 revision. However, the value then decreased by 33% to Rs 1,340 per sq.ft in the 2017 revision. The 2023 revision increased the value to Rs 2,000 per sq.ft, and the most recent 2024 revision raised it by 10% to the current value of Rs 2,200 per sq.ft.

There are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Nerkundram

Nerkundram has a total of 476 streets under the Virugambakkam SRO, with the 2024 guideline values ranging from Rs 1,650 to Rs 6,600 per sq.ft. The median value is Rs 2,200 per sq.ft, which is equal to the current value of DHANALAKSHMI NAGAR 2nd Cross Street.

Stamp duty and registration fee for property in DHANALAKSHMI NAGAR 2nd Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value is Rs 22,00,000. The stamp duty at 7% amounts to Rs 1,54,000, and the registration fee at 2% is Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers DHANALAKSHMI NAGAR 2nd Cross Street?

The Sub Registrar Office that covers DHANALAKSHMI NAGAR 2nd Cross 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 details.

How the guideline value is used when you buy or sell in Nerkundram

The guideline value is a crucial factor in property transactions in Nerkundram, as it determines the minimum value at which a property can be registered. When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher.

This ensures that the government receives the appropriate revenue from property transactions. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for DHANALAKSHMI NAGAR 2nd Cross Street?

The current guideline value for DHANALAKSHMI NAGAR 2nd Cross 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 significantly from Rs 400 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 450% over the years.

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

For a property valued at Rs 22,00,000, the stamp duty is Rs 1,54,000 and the registration fee is Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office is responsible for this street?

The Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037, covers DHANALAKSHMI NAGAR 2nd Cross Street.

What is the land classification for DHANALAKSHMI NAGAR 2nd Cross Street?

DHANALAKSHMI NAGAR 2nd Cross Street is classified as Residential Class IV Type - I, indicating its suitability for residential purposes.