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Guideline Value

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Guideline Value for KADAMBADI AMMAN NAGAR - Jothilakshmi Street

₹2500/sq.ft.

The guideline value for Kadambadi Amman Nagar - Jothilakshmi 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 ₹111 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹100 /sq.ft.
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 Kadambadi Amman Nagar - Jothilakshmi Street

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KADAMBADI AMMAN NAGAR - Jothilakshmi Street guideline value

The current guideline value for KADAMBADI AMMAN NAGAR - Jothilakshmi Street is Rs 2,500 per sq.ft, effective from 1 July 2024. This street is located in Nerkundram village under the Virugambakkam SRO, classified as Residential Class III Type - II.

How the guideline value of KADAMBADI AMMAN NAGAR - Jothilakshmi Street has changed

The guideline value for KADAMBADI AMMAN NAGAR - Jothilakshmi Street has undergone several revisions over the years. Starting from Rs 100 per sq.ft in 2002, it increased to Rs 111 per sq.ft in 2003. The value saw a significant rise to Rs 400 per sq.ft in 2007, followed by a dramatic increase to Rs 2,250 per sq.ft in 2012. However, it then decreased to Rs 1,507 per sq.ft in 2017. The value was revised to Rs 2,250 per sq.ft in 2023 and is now Rs 2,500 per sq.ft in 2024, marking an increase of 11% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 2400%. The changes between revisions include a 49% increase from 2017 to 2023 and a 463% rise from 2007 to 2012. The register has no figure for the years not mentioned in this summary.

Guideline values in Nerkundram

Nerkundram village has 476 streets under the Virugambakkam SRO, with guideline values in 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, placing KADAMBADI AMMAN NAGAR - Jothilakshmi Street above this median.

Stamp duty and registration fee for property in KADAMBADI AMMAN NAGAR - Jothilakshmi 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 at 7% would be Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, resulting in a total of Rs 2,25,000. Please note that 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 further assistance.

Which Sub Registrar Office covers KADAMBADI AMMAN NAGAR - Jothilakshmi Street?

The KADAMBADI AMMAN NAGAR - Jothilakshmi 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 an essential factor when registering property in Nerkundram. It serves as a reference point for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must consider the guideline value when negotiating the sale price, as the duty is charged on the higher of the guideline value or the sale price.

When a property is registered, the guideline value helps ensure that the transaction is documented at a value recognized by the government. This process helps maintain transparency and accountability in property transactions within the region.

Frequently asked questions

What is the current guideline value for KADAMBADI AMMAN NAGAR - Jothilakshmi Street?

The current guideline value for KADAMBADI AMMAN NAGAR - Jothilakshmi 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 over the years, starting from Rs 100 per sq.ft in 2002 and reaching Rs 2,500 per sq.ft in 2024. The highest increase was from Rs 400 per sq.ft in 2007 to Rs 2,250 per sq.ft in 2012.

What is the land classification for this street?

KADAMBADI AMMAN NAGAR - Jothilakshmi Street is classified as Residential Class III Type - II under the guideline value register.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 25,00,000, resulting in a stamp duty of Rs 1,75,000 and a registration fee of Rs 50,000, totaling Rs 2,25,000.

Which Sub Registrar Office covers this street?

The Virugambakkam Sub Registrar Office covers KADAMBADI AMMAN NAGAR - Jothilakshmi Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.