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Guideline Value

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Guideline Value for MEENAKSHI AMMAN NAGAR - N.S.K. Street

₹2200/sq.ft.

The guideline value for Meenakshi Amman Nagar - N.s.k. 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 Meenakshi Amman Nagar - N.s.k. Street

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MEENAKSHI AMMAN NAGAR - N.S.K. Street guideline value

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

How the guideline value of MEENAKSHI AMMAN NAGAR - N.S.K. Street has changed

The guideline value for MEENAKSHI AMMAN NAGAR - N.S.K. Street has seen 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, it then decreased to Rs 1,340 per sq.ft in 2017. The value rose again to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,200 per sq.ft as of the 2024 revision. The changes between these revisions include a 471% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 529%.

Guideline values in Nerkundram

In Nerkundram, there are 476 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 6,600 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, which is equal to the current guideline value of MEENAKSHI AMMAN NAGAR - N.S.K. Street.

Stamp duty and registration fee for property in MEENAKSHI AMMAN NAGAR - N.S.K. 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, resulting in a total of Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers MEENAKSHI AMMAN NAGAR - N.S.K. Street?

The Sub Registrar Office that covers MEENAKSHI AMMAN NAGAR - N.S.K. Street 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 Nerkundram

The guideline value is a crucial factor in determining the registration fees and stamp duty when buying or selling property in Nerkundram. It is used to assess the value of the property for taxation purposes, ensuring that the appropriate fees are collected based on the established rates.

When engaging in a property transaction, it is essential to be aware of the guideline value as it directly impacts the financial obligations involved in the registration process. Buyers and sellers should consult the latest figures to understand their potential costs accurately.

Frequently asked questions

What is the current guideline value of MEENAKSHI AMMAN NAGAR - N.S.K. Street?

The current guideline value of MEENAKSHI AMMAN NAGAR - N.S.K. 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 changed from Rs 350 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 529% over the years.

What is the land classification for this street?

MEENAKSHI AMMAN NAGAR - N.S.K. Street is classified as Residential Class IV Type - I.

Which Sub Registrar Office covers this area?

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

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 22,00,000 would incur a stamp duty of Rs 1,54,000 at 7%.