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Guideline Value

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Guideline Value for NETHAJI AVENUE EXN. - Baradidasan Street

₹2750/sq.ft.

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

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NETHAJI AVENUE EXN. - Baradidasan Street guideline value

The current guideline value for NETHAJI AVENUE EXN. - Baradidasan 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. - Baradidasan Street has changed

The guideline value for this street has seen several revisions over the years. The 2007 revision set the value at Rs 400 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, it then dropped to Rs 1,675 per sq.ft in 2017. The value rose again to Rs 2,500 per sq.ft in 2023, and as of the 2024 revision, it stands at Rs 2,750 per sq.ft. The changes from 2017 to 2023 reflect a substantial increase of 49%, while the jump from 2007 to 2012 was a remarkable 525%.

It is important to note that there are no figures available for the years 2002 and 2003 for this street. The overall increase from the 2007 revision to the current 2024 revision is 588%, indicating a significant upward trend in the guideline value over the years.

Guideline values in Nerkundram

Nerkundram 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 for these streets is Rs 2,200 per sq.ft, placing NETHAJI AVENUE EXN. - Baradidasan Street above this median.

Stamp duty and registration fee for property in NETHAJI AVENUE EXN. - Baradidasan 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 duty is charged on the higher of the guideline value and the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

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

The NETHAJI AVENUE EXN. - Baradidasan Street falls under the jurisdiction of 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 critical factor during property transactions in Nerkundram. It serves as a benchmark for determining the stamp duty and registration fees that must be paid at the time of registration. Buyers and sellers should be aware that the guideline value can influence the overall costs associated with property transfers.

When a property is sold, the guideline value or the sale price, whichever is higher, is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property as determined by the guideline value register.

Frequently asked questions

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

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

What is the land classification for this street?

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

Where can I find the registration office for this area?

The registration office for NETHAJI AVENUE EXN. - Baradidasan Street 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 this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 27,50,000, the stamp duty at 7% would be Rs 1,92,500.