Guideline Value

Corporate

Guideline Value for NETHAJI AVENUE EXN. - Kabilar Street

₹2750/sq.ft.

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

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NETHAJI AVENUE EXN. - Kabilar Street guideline value

The current guideline value for NETHAJI AVENUE EXN. - Kabilar 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 falls under the Residential Class III Type - I land classification.

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

The guideline value for NETHAJI AVENUE EXN. - Kabilar Street has seen several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, there was a decrease to Rs 1,675 per sq.ft in 2017. Following this, the value rose to Rs 2,500 per sq.ft in 2023, and currently stands at Rs 2,750 per sq.ft as per the 2024 revision. The register has no figures for the years 2002 and 2003.

In terms of percentage changes, the value increased by 525% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then increased by 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, from 2007 to 2024, the guideline value has increased by 588%.

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. The median guideline value for these streets is Rs 2,200 per sq.ft, making the current guideline value of NETHAJI AVENUE EXN. - Kabilar Street above this median.

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

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, making the total cost for these fees Rs 2,47,500. Duty is charged on the higher of the guideline value and the sale price.

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

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

The Sub Registrar Office that covers NETHAJI AVENUE EXN. - Kabilar Street 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 when registering property transactions in Nerkundram. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the registration process.

When buying or selling property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the fees reflect the true value of the property being transacted.

Frequently asked questions

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

The current guideline value for NETHAJI AVENUE EXN. - Kabilar 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 this period.

What are the other streets with the same guideline value in Nerkundram?

Other streets in Nerkundram with the same guideline value of Rs 2,750 per sq.ft include Elango Street, Kambar Street, Baradidasan Street, Main Road, Avvai Street, and Nakeerar Street.

How is the stamp duty calculated for properties in NETHAJI AVENUE EXN. - Kabilar Street?

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 at the current guideline value incurs a stamp duty of Rs 1,92,500.

Where is the Sub Registrar Office for NETHAJI AVENUE EXN. - Kabilar Street located?

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