Guideline Value

Corporate

Guideline Value for NETHAJI AVENUE EXN. - Avvai Street

₹2750/sq.ft.

The guideline value for Nethaji Avenue Exn. - Avvai Street 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 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 Nethaji Avenue Exn. - Avvai Street

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NETHAJI AVENUE EXN. - Avvai Street guideline value

The current guideline value for NETHAJI AVENUE EXN. - Avvai Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Nerkundram village under the Virugambakkam SRO, classified as Residential Class III Type - I.

How the guideline value of NETHAJI AVENUE EXN. - Avvai Street has changed

The guideline value for NETHAJI AVENUE EXN. - Avvai Street has seen several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, this figure saw a decrease to Rs 1,675 per sq.ft in 2017, before rising again to Rs 2,500 per sq.ft in 2023. The latest revision in 2024 set the guideline value at Rs 2,750 per sq.ft.

Notably, the changes between these revisions are significant. From 2007 to 2012, the value surged by 525%, followed by a decrease of 33% from 2012 to 2017. The value then saw a remarkable increase of 49% from 2017 to 2023, and a further increase of 10% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 588%. The register has no figures for the years 2002 and 2003.

Guideline values in Nerkundram

In Nerkundram, there are 476 streets under the Virugambakkam SRO, with the 2024 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, making the value for NETHAJI AVENUE EXN. - Avvai Street above that median.

Stamp duty and registration fee for property in NETHAJI AVENUE EXN. - Avvai Street

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, bringing the total fees to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers NETHAJI AVENUE EXN. - Avvai Street?

The NETHAJI AVENUE EXN. - Avvai Street is covered by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Nerkundram. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay when registering a property. The guideline value is set by the government and is revised periodically to reflect changes in the market.

When buying or selling a property, it is essential to consider the guideline value, as it directly impacts the total cost involved in the transaction. Buyers should ensure they are aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for NETHAJI AVENUE EXN. - Avvai Street?

The current guideline value for NETHAJI AVENUE EXN. - Avvai Street 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, increasing from Rs 400 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 588% over the years.

What is the land classification for NETHAJI AVENUE EXN. - Avvai Street?

NETHAJI AVENUE EXN. - Avvai Street is classified as Residential Class III Type - I.

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

The Sub Registrar Office covering NETHAJI AVENUE EXN. - Avvai Street is the Virugambakkam SRO, 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 27,50,000, the stamp duty at 7% would be Rs 1,92,500.