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Guideline Value

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Guideline Value for KANNIAMAN NAGAR - Veeramamunivar Street

₹2200/sq.ft.

The guideline value for Kanniaman Nagar - Veeramamunivar Street in Nerkundram 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 Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nerkundram

Village

Virugambakkam

SRO

Residential Class IV 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 ₹350 /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 Kanniaman Nagar - Veeramamunivar Street

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KANNIAMAN NAGAR - Veeramamunivar Street guideline value

The current guideline value of KANNIAMAN NAGAR - Veeramamunivar Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Nerkundram village, under the Virugambakkam SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of KANNIAMAN NAGAR - Veeramamunivar Street has changed

The guideline value for KANNIAMAN NAGAR - Veeramamunivar Street has undergone several revisions over the years. In 2007, the guideline value was Rs 350 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, this figure then dropped to Rs 1,340 per sq.ft in 2017. The 2023 revision saw an increase to Rs 2,000 per sq.ft, followed by a further increase to Rs 2,200 per sq.ft in 2024.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2007 to 2012 represented a remarkable increase of 471%. Overall, from 2007 to 2024, the guideline value has increased by 529%. There are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Nerkundram

Nerkundram has 476 streets under the Virugambakkam SRO, with 2024 guideline values ranging from Rs 1,650 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, which matches the current guideline value of KANNIAMAN NAGAR - Veeramamunivar Street.

Stamp duty and registration fee for property in KANNIAMAN NAGAR - Veeramamunivar Street

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 fees to Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers KANNIAMAN NAGAR - Veeramamunivar Street?

The KANNIAMAN NAGAR - Veeramamunivar 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 information.

How the guideline value is used when you buy or sell in Nerkundram

The guideline value is a critical factor in the registration process when buying or selling property in Nerkundram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process is aligned with the official valuation of the property.

Frequently asked questions

What is the current guideline value of KANNIAMAN NAGAR - Veeramamunivar Street?

The current guideline value of KANNIAMAN NAGAR - Veeramamunivar 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 seen several changes, increasing from Rs 350 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, representing an overall increase of 529%.

What is the land classification for KANNIAMAN NAGAR - Veeramamunivar Street?

The land classification for KANNIAMAN NAGAR - Veeramamunivar Street is Residential Class IV Type - I.

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

The Sub Registrar Office covering KANNIAMAN NAGAR - Veeramamunivar Street is the Virugambakkam SRO, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in Nerkundram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 22,00,000, the stamp duty would be calculated accordingly.