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Guideline Value

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Guideline Value for DHANALAKSHMI NAGAR Extension - Anna Main Road

₹2200/sq.ft.

The guideline value for Dhanalakshmi Nagar Extension - Anna Main Road 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 ₹298 /sq.ft.
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 Extension - Anna Main Road

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DHANALAKSHMI NAGAR Extension - Anna Main Road guideline value

The current guideline value for DHANALAKSHMI NAGAR Extension - Anna Main Road is Rs 2,200 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 property is Residential Class IV Type - I.

How the guideline value of DHANALAKSHMI NAGAR Extension - Anna Main Road has changed

The guideline value for DHANALAKSHMI NAGAR Extension - Anna Main Road has seen several revisions over the years. The earliest recorded revision is from 2003, where the value was Rs 298 per sq.ft. This increased to Rs 400 per sq.ft in 2007, marking a significant rise of 34%. The value then saw a substantial increase of 400% to reach Rs 2,000 per sq.ft in 2012. However, it decreased by 33% to Rs 1,340 per sq.ft in 2017. Following this, the value rose by 49% to Rs 2,000 per sq.ft in 2023, and finally, it increased by 10% to the current figure of Rs 2,200 per sq.ft in 2024.

It is important to note that there is no recorded guideline value for the year 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by 638%.

Guideline values in Nerkundram

Nerkundram 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 guideline value for the area is Rs 2,200 per sq.ft, which is also the current value for DHANALAKSHMI NAGAR Extension - Anna Main Road.

Stamp duty and registration fee for property in DHANALAKSHMI NAGAR Extension - Anna Main Road

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 higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers DHANALAKSHMI NAGAR Extension - Anna Main Road?

The Sub Registrar Office that covers DHANALAKSHMI NAGAR Extension - Anna Main 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 a crucial factor in the registration process of property transactions in Nerkundram. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the property is registered at a value that reflects its worth as determined by the government.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property should be registered. This ensures transparency in transactions and helps in the proper assessment of taxes related to property transfers.

Frequently asked questions

What is the current guideline value of DHANALAKSHMI NAGAR Extension - Anna Main Road?

The current guideline value of DHANALAKSHMI NAGAR Extension - Anna Main Road 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 over the years, with the most recent increase being from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024. Overall, the value has increased by 638% from Rs 298 per sq.ft in 2003 to the current value.

What is the land classification for DHANALAKSHMI NAGAR Extension - Anna Main Road?

The land classification for DHANALAKSHMI NAGAR Extension - Anna Main Road is Residential Class IV Type - I.

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

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

How is the stamp duty calculated for properties in this area?

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