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Guideline Value

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Guideline Value for GOVARDANAN NAGAR - Vanchinathan Street

₹2500/sq.ft.

The guideline value for Govardanan Nagar - Vanchinathan 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 - Vanchinathan Street

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GOVARDANAN NAGAR - Vanchinathan Street guideline value

The current guideline value for GOVARDANAN NAGAR - Vanchinathan 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 falls under Residential Class III Type - II land classification.

How the guideline value of GOVARDANAN NAGAR - Vanchinathan Street has changed

The guideline value for GOVARDANAN NAGAR - Vanchinathan Street has seen several revisions over the years. Starting from Rs 400 per sq.ft in 2007, it increased significantly by 463% to Rs 2,250 per sq.ft in 2012. However, it then decreased by 33% to Rs 1,507 per sq.ft in 2017. The value rose again by 49% to Rs 2,250 per sq.ft in 2023, and most recently, it has increased by 11% to the current value of Rs 2,500 per sq.ft in 2024.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 525%.

Guideline values in Nerkundram

Nerkundram has a total of 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 guideline value in this area is Rs 2,200 per sq.ft, making the current value of GOVARDANAN NAGAR - Vanchinathan Street above the median.

Stamp duty and registration fee for property in GOVARDANAN NAGAR - Vanchinathan Street

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

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

Which Sub Registrar Office covers GOVARDANAN NAGAR - Vanchinathan Street?

The GOVARDANAN NAGAR - Vanchinathan Street falls under 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 property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Nerkundram, the guideline value is used to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations and to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for GOVARDANAN NAGAR - Vanchinathan Street?

The current guideline value for GOVARDANAN NAGAR - Vanchinathan 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 a total increase of 525% over the years.

What is the land classification for GOVARDANAN NAGAR - Vanchinathan Street?

The land classification for GOVARDANAN NAGAR - Vanchinathan Street is Residential Class III Type - II.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 25,00,000, the stamp duty would be Rs 1,75,000 and the registration fee would be Rs 50,000, totaling Rs 2,25,000.

Which office handles registrations for GOVARDANAN NAGAR - Vanchinathan Street?

The Virugambakkam Sub Registrar Office handles registrations for GOVARDANAN NAGAR - Vanchinathan Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.