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Guideline Value

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Guideline Value for GOVARDANAN NAGAR - V.O.C. Street

₹2500/sq.ft.

The guideline value for Govardanan Nagar - V.o.c. Street in Nerkundram village (Virugambakkam SRO, Chennai zone) is Rs 2500 per sq.ft, effective 1 July 2024. It was Rs 2250 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Iii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nerkundram

Village

Virugambakkam

SRO

Residential Class III Type - II
History
Period Guideline Value
From 1-7-2024 ₹2500 /sq.ft.
From 1-4-2023 ₹2250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1507 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2250 /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 Govardanan Nagar - V.o.c. Street

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GOVARDANAN NAGAR - V.O.C. Street guideline value

The current guideline value of GOVARDANAN NAGAR - V.O.C. Street is Rs 2,500 per sq.ft, effective from 1 July 2024. This street is located in Nerkundram village, under the Virugambakkam SRO, and is classified as Residential Class III Type - II.

How the guideline value of GOVARDANAN NAGAR - V.O.C. Street has changed

The guideline value for GOVARDANAN NAGAR - V.O.C. Street has seen several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased significantly to Rs 2,250 per sq.ft in 2012, marking a rise of 463%. However, from 2012 to 2017, the value decreased to Rs 1,507 per sq.ft, a decline of 33%. The value then rose to Rs 2,250 per sq.ft in 2023, reflecting a 49% increase from the previous revision.

The most recent revision in 2024 set the guideline value at Rs 2,500 per sq.ft, which is an 11% increase from the 2023 figure. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Nerkundram

In Nerkundram, there are 476 streets under the Virugambakkam SRO, with guideline values ranging from Rs 1,650 to Rs 6,600 per sq.ft. The median guideline value in the village is Rs 2,200 per sq.ft, making the 2024 figure for GOVARDANAN NAGAR - V.O.C. Street above this median.

Stamp duty and registration fee for property in GOVARDANAN NAGAR - V.O.C. Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,500 per sq.ft, the total guideline value amounts to Rs 25,00,000. The stamp duty is calculated at 7%, which totals Rs 1,75,000, and the registration fee at 2% amounts to Rs 50,000, bringing the total fees to Rs 2,25,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers GOVARDANAN NAGAR - V.O.C. Street?

The GOVARDANAN NAGAR - V.O.C. Street falls under the jurisdiction of 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 when buying or selling property in Nerkundram, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that buyers must pay during the transaction.

When registering a property, the buyer must ensure that the sale price is either equal to or higher than the guideline value. If the sale price is lower, the stamp duty will be calculated based on the guideline value instead.

Frequently asked questions

What is the current guideline value for GOVARDANAN NAGAR - V.O.C. Street?

The current guideline value for GOVARDANAN NAGAR - V.O.C. Street is Rs 2,500 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 2,500 per sq.ft in 2024, marking an overall increase of 525% over the years.

What is the land classification for GOVARDANAN NAGAR - V.O.C. Street?

GOVARDANAN NAGAR - V.O.C. Street is classified as Residential Class III Type - II.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in GOVARDANAN NAGAR - V.O.C. Street is charged at 7% of the guideline value or sale price, whichever is higher.

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

The Virugambakkam Sub Registrar Office, which covers GOVARDANAN NAGAR - V.O.C. Street, is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.