Guideline Value

Corporate

Guideline Value for NETHAJI AVENUE EXN. - Main Road

₹2750/sq.ft.

The guideline value for Nethaji Avenue Exn. - Main Road 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 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹259 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹235 /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 Nethaji Avenue Exn. - Main Road

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

NETHAJI AVENUE EXN. - Main Road guideline value

The current guideline value for NETHAJI AVENUE EXN. - Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This property is located in Nerkundram village and falls under the Virugambakkam SRO. The land classification is Residential Class III Type - I.

How the guideline value of NETHAJI AVENUE EXN. - Main Road has changed

The guideline value for NETHAJI AVENUE EXN. - Main Road has seen several revisions over the years. In 2002, the guideline value was Rs 235 per sq.ft. This increased to Rs 259 per sq.ft in 2003, marking a 10% rise. By 2007, the value surged to Rs 400 per sq.ft, reflecting a notable increase of 54%. The 2012 revision set the value at Rs 2,500 per sq.ft, which was a significant jump of 525% from the previous figure. However, in 2017, the value decreased to Rs 1,675 per sq.ft, showing a decline of 33%.

In 2023, the guideline value rose to Rs 2,500 per sq.ft, and then it increased again to Rs 2,750 per sq.ft in 2024, marking a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 1,070%.

Guideline values in Nerkundram

Nerkundram village has a total of 476 streets under the Virugambakkam SRO, with guideline values ranging from Rs 1,650 to Rs 6,600 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing NETHAJI AVENUE EXN. - Main Road above this median.

Stamp duty and registration fee for property in NETHAJI AVENUE EXN. - Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. Duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers NETHAJI AVENUE EXN. - Main Road?

The Sub Registrar Office that covers NETHAJI AVENUE EXN. - Main Road 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 critical factor when registering a property in Nerkundram. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for the transaction. Buyers and sellers should be aware that the stamp duty is calculated based on the higher of the guideline value or the actual sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for NETHAJI AVENUE EXN. - Main Road?

The current guideline value for NETHAJI AVENUE EXN. - Main Road 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 235 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 1,070% over this period.

What is the land classification for NETHAJI AVENUE EXN. - Main Road?

The land classification for NETHAJI AVENUE EXN. - Main Road is Residential Class III Type - I.

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

The Sub Registrar Office for NETHAJI AVENUE EXN. - Main Road is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in Nerkundram?

Stamp duty for properties in Nerkundram is calculated based on the higher of the guideline value or the actual sale price. For example, if the guideline value is Rs 27,50,000, the stamp duty would be calculated on this amount unless the sale price is higher.