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Guideline Value

Corporate

Guideline Value for Dr. Khanu Nagar Main Road

₹2200/sq.ft.

The guideline value for Dr. Khanu Nagar Main Road 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 Main Road

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Dr. Khanu Nagar Main Road guideline value

The current guideline value of Dr. Khanu Nagar Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This road 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 Main Road has changed

Over the years, the guideline value for Dr. Khanu Nagar Main Road has seen several revisions. The 2012 revision set the value at Rs 2,000 per sq.ft, which was a decrease of 33% from the 2017 figure of Rs 1,340 per sq.ft. The following revision in 2023 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.

In summary, the guideline value has changed significantly from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 10% from the 2012 figure. The register has no figures for the years 2002, 2003, and 2007 for this street.

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, placing Dr. Khanu Nagar Main Road's 2024 figure below that median.

Stamp duty and registration fee for property in Dr. Khanu Nagar Main Road

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

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

Which Sub Registrar Office covers Dr. Khanu Nagar Main Road?

The Sub Registrar Office that covers Dr. Khanu Nagar 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 Nesapakkam

The guideline value plays a critical role in property transactions in Nesapakkam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the government receives a fair share of revenue based on the property's assessed value.

During the registration process, the guideline value is considered alongside the sale price. The higher of the two values is used for calculating the applicable fees, ensuring that the transaction is processed according to the legal requirements set forth by the registration authorities.

Frequently asked questions

What is the current guideline value of Dr. Khanu Nagar Main Road?

The current guideline value of Dr. Khanu Nagar Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 2,000 per sq.ft to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 10%. The most significant change occurred between 2017 and 2023, where the value increased by 49%.

What is the classification of the land on Dr. Khanu Nagar Main Road?

The land on Dr. Khanu Nagar Main Road is classified as Residential Class III Type - I. This classification influences the guideline value and the applicable regulations for property transactions.

Where can I find the registration office for Dr. Khanu Nagar Main Road?

The registration office for Dr. Khanu Nagar Main Road is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in Nesapakkam?

Stamp duty for properties in Nesapakkam is calculated based on the higher of the guideline value or the sale price. The current rate is 7% for stamp duty and 2% for the registration fee, which are applied to the determined value of the property.