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Guideline Value

Corporate

Guideline Value for DHANALAKSHMI NAGAR Annexe

₹2200/sq.ft.

The guideline value for Dhanalakshmi Nagar Annexe 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 ₹102 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹92 /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 Dhanalakshmi Nagar Annexe

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DHANALAKSHMI NAGAR Annexe guideline value

The current guideline value of DHANALAKSHMI NAGAR Annexe is Rs 2,200 per sq.ft, effective from 1 July 2024. This area 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 Annexe has changed

The guideline value for DHANALAKSHMI NAGAR Annexe has seen several revisions over the years. In 2002, the guideline value was Rs 92 per sq.ft, which increased to Rs 102 per sq.ft in 2003, marking an 11% rise. Following this, the value surged significantly to Rs 500 per sq.ft in 2007, reflecting a 390% increase. The value then rose to Rs 2,000 per sq.ft in 2012, which was a 300% increase from the previous revision. However, it dropped to Rs 1,340 per sq.ft in 2017, a decrease of 33% from 2012.

From 2017 to 2023, the guideline value increased by 49% to Rs 2,000 per sq.ft. The most recent revision in 2024 brought the value up to Rs 2,200 per sq.ft, representing a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 2,291%.

Guideline values in Nerkundram

In Nerkundram, there are 476 streets under the Virugambakkam SRO, with guideline values for 2024 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, which is equal to the guideline value for DHANALAKSHMI NAGAR Annexe.

Stamp duty and registration fee for property in DHANALAKSHMI NAGAR Annexe

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers DHANALAKSHMI NAGAR Annexe?

The Sub Registrar Office that covers DHANALAKSHMI NAGAR Annexe 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 the registration process when buying or selling property in Nerkundram. It serves as a benchmark for determining the applicable stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When registering a property, it is essential to ensure that the transaction adheres to the current guideline value to avoid any discrepancies. Buyers and sellers should be aware of these values to ensure a smooth registration process.

Frequently asked questions

What is the current guideline value of DHANALAKSHMI NAGAR Annexe?

The current guideline value of DHANALAKSHMI NAGAR Annexe 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 92 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 2,291% over the years.

What is the classification of land in DHANALAKSHMI NAGAR Annexe?

DHANALAKSHMI NAGAR Annexe is classified as Residential Class IV Type - I.

Where can I find the Sub Registrar Office for DHANALAKSHMI NAGAR Annexe?

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

How is stamp duty calculated for property in DHANALAKSHMI NAGAR Annexe?

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