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Guideline Value

Corporate

Guideline Value for NAGARJUNA NAGAR 1ST STREET

₹7100/sq.ft.

The guideline value for Nagarjuna Nagar 1st Street in Puliyur village (Kodambakkam SRO, Chennai zone) is Rs 7100 per sq.ft, effective 1 July 2024. It was Rs 6500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Puliyur

Village

Kodambakkam

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹7100 /sq.ft.
From 1-4-2023 ₹6500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4355 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2445 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1923 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1001 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.
044-24843265
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 Nagarjuna Nagar 1st Street

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Nagarjuna Nagar 1st Street guideline value

The current guideline value of Nagarjuna Nagar 1st Street is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village and falls under the Kodambakkam SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Nagarjuna Nagar 1st Street has changed

The guideline value for Nagarjuna Nagar 1st Street has seen several revisions over the years. Starting from Rs 1,001 per sq.ft in 2002, it increased to Rs 1,923 per sq.ft in 2003, marking a significant rise of 92%. The value then continued to rise to Rs 2,445 per sq.ft in 2007, a 27% increase. In 2012, the value reached Rs 6,500 per sq.ft, reflecting a substantial increase of 166%. However, it dropped back to Rs 4,355 per sq.ft in 2017, a decrease of 33%. The value then rose again to Rs 6,500 per sq.ft in 2023, and finally to Rs 7,100 per sq.ft in 2024, which is a 9% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 609%. There are no figures available for revisions in years other than those listed above.

Guideline values in Puliyur

In Puliyur village, there are a total of 648 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, placing Nagarjuna Nagar 1st Street's 2024 figure above that median.

Stamp duty and registration fee for property in Nagarjuna Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value would be Rs 71,00,000. The stamp duty at 7% would amount to Rs 4,97,000, while the registration fee at 2% would be Rs 1,42,000. Together, the total cost for stamp duty and registration would be Rs 6,39,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Nagarjuna Nagar 1st Street?

The Sub Registrar Office that covers Nagarjuna Nagar 1st Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Puliyur. It serves as a benchmark for determining the minimum value of a property, ensuring that the registration process reflects the actual worth of the transaction. Buyers and sellers must consider this value to comply with legal requirements during the sale.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the correct revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Nagarjuna Nagar 1st Street?

The current guideline value of Nagarjuna Nagar 1st Street is Rs 7,100 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 1,001 per sq.ft in 2002 and reaching Rs 7,100 per sq.ft in 2024, marking an overall increase of 609%.

What is the land classification for Nagarjuna Nagar 1st Street?

The land classification for Nagarjuna Nagar 1st Street is Residential Special Type - II.

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

The Sub Registrar Office for Nagarjuna Nagar 1st Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is stamp duty calculated for properties in Nagarjuna Nagar 1st Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 4,97,000.