Guideline Value

Corporate

Guideline Value for Dr. Khanu Nagar 12th Street

₹2200/sq.ft.

The guideline value for Dr. Khanu Nagar 12th Street in Nesapakkam 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 Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nesapakkam

Village

Virugambakkam

SRO

Residential Class III 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 N/A
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 Dr. Khanu Nagar 12th Street

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Dr. Khanu Nagar 12th Street guideline value

The current guideline value of Dr. Khanu Nagar 12th Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Nesapakkam village under the Virugambakkam SRO and is classified as Residential Class III Type - I.

How the guideline value of Dr. Khanu Nagar 12th Street has changed

Over the years, the guideline value for Dr. Khanu Nagar 12th Street has seen several revisions. The 2012 revision set the value at Rs 2,000 per sq.ft, which was a decrease of 33% from 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 latest revision in 2024 raised it further to Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Nesapakkam

Nesapakkam village has a total of 148 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,200 to Rs 7,150 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, indicating that the 2024 figure for Dr. Khanu Nagar 12th Street is below this median.

Stamp duty and registration fee for property in Dr. Khanu Nagar 12th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value is 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, making the total cost for these charges Rs 1,98,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Dr. Khanu Nagar 12th Street?

The Sub Registrar Office that covers Dr. Khanu Nagar 12th 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 Nesapakkam

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. When you buy or sell property in Nesapakkam, the guideline value helps in calculating the stamp duty and registration fees that are payable to the government.

It is important to note that the guideline value may differ from the actual sale price, and the charges are applied based on the higher of the two values. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Dr. Khanu Nagar 12th Street?

The current guideline value of Dr. Khanu Nagar 12th 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 2,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024, with various revisions in between. The most notable change was a 10% increase from 2023 to 2024.

What is the land classification for Dr. Khanu Nagar 12th Street?

Dr. Khanu Nagar 12th Street is classified as Residential Class III Type - I, which indicates its use for residential purposes.

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

The Virugambakkam Sub Registrar Office covers Dr. Khanu Nagar 12th Street and is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in Dr. Khanu Nagar 12th Street?

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 would be Rs 1,54,000 at 7%.