Guideline Value

Corporate

Guideline Value for NERKUNDRAM ROAD

₹3350/sq.ft.

The guideline value for Nerkundram Road in Nerkundram village (Virugambakkam SRO, Chennai zone) is Rs 3350 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 12% change. The land classification is Mixed Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nerkundram

Village

Virugambakkam

SRO

Mixed Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹3350 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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 Nerkundram Road

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Nerkundram Road guideline value

The current guideline value of Nerkundram Road in Nerkundram village is Rs 3,350 per sq.ft, effective from 1 July 2024. This area falls under the Virugambakkam Sub Registrar Office (SRO) and is classified as Mixed Special Type - I.

How the guideline value of Nerkundram Road has changed

The guideline value for Nerkundram Road has seen several revisions over the years. In 2012, the value was set at Rs 3,000 per sq.ft, which then dropped to Rs 2,010 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 3,000 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 has further increased the guideline value to Rs 3,350 per sq.ft, which is a 12% increase from the previous year.

There are no figures available in the register for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 12%.

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, placing Nerkundram Road's 2024 value above this median.

Stamp duty and registration fee for property in Nerkundram Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,350 per sq.ft, the total guideline value would be Rs 33,50,000. The stamp duty at 7% would amount to Rs 2,34,500, and the registration fee at 2% would be Rs 67,000, bringing the total to Rs 3,01,500. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for precise calculations based on your property details.

Which Sub Registrar Office covers Nerkundram Road?

The Nerkundram Road 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 during the registration of property transactions in Nerkundram. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees applicable for the transaction.

It is essential for buyers and sellers to be aware of the current guideline value as it directly impacts the overall costs involved in property transactions. Accurate knowledge of these values helps in ensuring compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Nerkundram Road?

The current guideline value of Nerkundram Road is Rs 3,350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then increased to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,350 per sq.ft in 2024.

What is the land classification for Nerkundram Road?

Nerkundram Road is classified as Mixed Special Type - I, indicating its varied land use and potential for different types of development.

Where can I find the registration office for Nerkundram Road?

The registration office covering Nerkundram Road is the Virugambakkam Sub Registrar Office, 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 guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 33,50,000, the stamp duty at 7% would be Rs 2,34,500.