Guideline Value

Corporate

Guideline Value for NESAMMAL NAGAR Annexe

₹2750/sq.ft.

The guideline value for Nesammal Nagar Annexe in Nerkundram village (Virugambakkam SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nerkundram

Village

Virugambakkam

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹350 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹250 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹121 /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 Nesammal Nagar Annexe

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NESAMMAL NAGAR Annexe guideline value

The current guideline value of NESAMMAL NAGAR Annexe is Rs 2,750 per sq.ft, effective from 1 July 2024. This area is located in Nerkundram village, under the Virugambakkam SRO, and is classified as Residential Class III Type - I.

How the guideline value of NESAMMAL NAGAR Annexe has changed

The guideline value for NESAMMAL NAGAR Annexe has seen significant changes over the years. Starting from Rs 121 per sq.ft in 2002, it increased to Rs 250 per sq.ft in 2003, marking a growth of 107%. By 2007, the value rose sharply to Rs 350 per sq.ft, reflecting a 40% increase. The next revision in 2012 brought the value back up to Rs 2,500 per sq.ft, a substantial increase of 614%. However, it dropped to Rs 1,675 per sq.ft in 2017, which was a decrease of 33%. In 2023, the value increased to Rs 2,500 per sq.ft, followed by the latest revision in 2024, which set the value at Rs 2,750 per sq.ft, an increase of 10% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 2,173%. Notably, there are no figures available for the revisions in the years not mentioned in this register for NESAMMAL NAGAR Annexe.

Guideline values in Nerkundram

In Nerkundram, there are 476 streets under the Virugambakkam SRO, with guideline values ranging from Rs 1,650 to Rs 6,600 per sq.ft for 2024. The median value in this area is Rs 2,200 per sq.ft, placing NESAMMAL NAGAR Annexe above this median.

Stamp duty and registration fee for property in NESAMMAL NAGAR Annexe

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, making the total charges Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers NESAMMAL NAGAR Annexe?

The Sub Registrar Office that covers NESAMMAL NAGAR Annexe 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 details.

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. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the buyer and seller must consider the guideline value to determine the applicable charges. The registration process will use the guideline value or the sale price, whichever is higher, to calculate the necessary fees.

Frequently asked questions

What is the current guideline value of NESAMMAL NAGAR Annexe?

The current guideline value of NESAMMAL NAGAR Annexe is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 121 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 2,173% over this period.

What are the other streets in Nerkundram with their guideline values?

Other streets in Nerkundram include NESAMMAL NAGAR 2nd Street, NESAMMAL NAGAR - Madhavan Street, and NESAMMAL NAGAR 1st Street, all at Rs 2,200 per sq.ft in 2024, among others.

How is stamp duty calculated for properties in NESAMMAL NAGAR Annexe?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a stamp duty of Rs 1,92,500 based on the current guideline value.

Where can I find the Sub Registrar Office for NESAMMAL NAGAR Annexe?

The Sub Registrar Office for NESAMMAL NAGAR Annexe is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.