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Guideline Value

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Guideline Value for NETHAJI AVENUE EXN. - Tiruvalluvar Street

₹2750/sq.ft.

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

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NETHAJI AVENUE EXN. - Tiruvalluvar Street guideline value

The current guideline value for NETHAJI AVENUE EXN. - Tiruvalluvar Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Nerkundram village and falls under the jurisdiction of the Virugambakkam SRO. The land classification for this area is Residential Class III Type - I.

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

The guideline value for NETHAJI AVENUE EXN. - Tiruvalluvar Street has seen significant changes over the years. In 2007, the value was Rs 400 per sq.ft, which increased dramatically to Rs 2,500 per sq.ft in 2012, marking a rise of 525%. However, in 2017, the value dropped to Rs 1,675 per sq.ft, a decrease of 33%. The value then rose to Rs 2,500 per sq.ft in 2023, and subsequently increased by 10% to reach the current value of Rs 2,750 per sq.ft in 2024.

Overall, from 2007 to 2024, the guideline value has increased by 588%. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

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 in this village is Rs 2,200 per sq.ft, placing NETHAJI AVENUE EXN. - Tiruvalluvar Street above this median value.

Stamp duty and registration fee for property in NETHAJI AVENUE EXN. - Tiruvalluvar 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, calculated at 7%, would be Rs 1,92,500, while the registration fee at 2% would be Rs 55,000. This brings the total cost for stamp duty and registration 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.

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

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

The NETHAJI AVENUE EXN. - Tiruvalluvar Street is covered by 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 an important factor during the registration of property transactions in Nerkundram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential costs associated with the transaction. Buyers should be aware of the guideline value to ensure they are prepared for these additional expenses.

Frequently asked questions

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

The current guideline value for NETHAJI AVENUE EXN. - Tiruvalluvar 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, marking an overall increase of 588% over the years.

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

The land classification for NETHAJI AVENUE EXN. - Tiruvalluvar Street is Residential Class III Type - I.

Which Sub Registrar Office is responsible for this street?

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

How is stamp duty calculated for properties in Nerkundram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For NETHAJI AVENUE EXN. - Tiruvalluvar Street, the stamp duty is 7% of the guideline value.