Guideline Value

Corporate

Guideline Value for NETHAJI AVENUE EXN. - Tagore Street

₹2750/sq.ft.

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

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NETHAJI AVENUE EXN. - Tagore Street guideline value

The current guideline value of NETHAJI AVENUE EXN. - Tagore 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. - Tagore Street has changed

The guideline value for NETHAJI AVENUE EXN. - Tagore Street has seen several revisions over the years. Starting from the 2007 revision, the value 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. The most recent revisions show an increase to Rs 2,500 per sq.ft in 2023, followed by a further rise to Rs 2,750 per sq.ft in 2024.

In terms of changes, the guideline value rose by 525% from 2007 to 2012, then fell by 33% from 2012 to 2017. From 2017 to 2023, there was a notable increase of 49%. Finally, the jump from 2023 to 2024 was 10%. Overall, from 2007 to 2024, the guideline value has increased by 588%.

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 as of 2024. The median guideline value in this area is Rs 2,200 per sq.ft, placing NETHAJI AVENUE EXN. - Tagore Street above this median.

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

You can use the stamp duty and registration fee calculator for more details on fees applicable to your property transaction.

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

The NETHAJI AVENUE EXN. - Tagore 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 find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Nerkundram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a buyer or seller engages in a property transaction, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. This value is used by the registration office to calculate the applicable fees based on the property’s assessed worth.

Frequently asked questions

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

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

What are the stamp duty and registration fees for this property?

The stamp duty for a property valued at Rs 27,50,000 would be Rs 1,92,500, and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Where is the Virugambakkam Sub Registrar Office located?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the guideline value determined in Nerkundram?

The guideline value in Nerkundram is determined by the Registration Department’s guideline value register, which assesses the value of properties based on various factors and revisions over the years.