Guideline Value

Corporate

Guideline Value for NETHAJI AVENUE EXN. - Elango Street

₹2750/sq.ft.

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

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NETHAJI AVENUE EXN. - Elango Street guideline value

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

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

The guideline value for NETHAJI AVENUE EXN. - Elango Street has undergone several revisions over the years. The earliest recorded value is from 2007, when it was Rs 400 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2012, but then decreased to Rs 1,675 per sq.ft in 2017. Following this, the value rose to Rs 2,500 per sq.ft in 2023, and has now reached Rs 2,750 per sq.ft in the 2024 revision.

In terms of percentage changes, the value increased by 525% from 2007 to 2012, then decreased by 33% from 2012 to 2017. From 2017 to 2023, there was a significant increase of 49%, and from 2023 to 2024, the value rose by 10%. Overall, from 2007 to 2024, the guideline value has increased by 588%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Nerkundram

In Nerkundram, there are 476 streets under the Virugambakkam SRO that carry a guideline value for 2024, ranging from Rs 1,650 to Rs 6,600 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for NETHAJI AVENUE EXN. - Elango Street is above this median.

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

The NETHAJI AVENUE EXN. - Elango Street falls under the jurisdiction of 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

When buying or selling property in Nerkundram, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is the minimum value set by the government for property transactions, and it is used to calculate the applicable fees during the registration process.

It is essential for buyers and sellers to be aware of the guideline value, as it ensures that the property is registered at a value that reflects the market conditions. This value is also used to prevent undervaluation of properties during transactions.

Frequently asked questions

What is the current guideline value of NETHAJI AVENUE EXN. - Elango Street?

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

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

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

Where can I find the registration office for NETHAJI AVENUE EXN. - Elango Street?

The registration office for NETHAJI AVENUE EXN. - Elango 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 Nerkundram?

Stamp duty for properties in Nerkundram is calculated based on the higher of the guideline value or the sale price. The current rate is 7% for stamp duty and 2% for the registration fee.