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Guideline Value

Corporate

Guideline Value for PERIYAR NAGAR Main Road

₹3850/sq.ft.

The guideline value for Periyar Nagar Main Road in Nesapakkam village (Virugambakkam SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nesapakkam

Village

Virugambakkam

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹272 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹247 /sq.ft.
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 Periyar Nagar Main Road

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PERIYAR NAGAR Main Road guideline value

The current guideline value of PERIYAR NAGAR Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024. This road is located in Nesapakkam village, under the jurisdiction of the Virugambakkam SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of PERIYAR NAGAR Main Road has changed

The guideline value for PERIYAR NAGAR Main Road has seen significant changes over the years. The earliest recorded figure is from 2002, where the guideline value was Rs 247 per sq.ft. This increased to Rs 272 per sq.ft in 2003, marking a rise of 10%. The value then surged to Rs 1,100 per sq.ft in 2007, representing a substantial increase of 304%. Following this, the guideline value rose to Rs 3,500 per sq.ft in 2012, which was a 218% increase from the previous figure. However, it then decreased to Rs 2,345 per sq.ft in 2017, showing a decline of 33%.

From 2017 to 2023, the guideline value increased significantly to Rs 3,500 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 3,850 per sq.ft, which is a 10% increase from the 2023 figure. Overall, from 2002 to 2024, the guideline value has increased by 1459%.

Guideline values in Nesapakkam

Nesapakkam has 148 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,200 to Rs 7,150 per sq.ft. The median guideline value in this area is Rs 3,300 per sq.ft, placing the 2024 figure for PERIYAR NAGAR Main Road above this median.

Stamp duty and registration fee for property in PERIYAR NAGAR Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total fees together to Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers PERIYAR NAGAR Main Road?

The Sub Registrar Office that covers PERIYAR NAGAR Main Road 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 information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nesapakkam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on an official valuation rather than the sale price alone.

When a property is registered, the guideline value is referenced to ascertain the appropriate fees. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value for PERIYAR NAGAR Main Road?

The current guideline value for PERIYAR NAGAR Main Road is Rs 3,850 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 247 per sq.ft in 2002 to Rs 3,850 per sq.ft in 2024, reflecting an overall increase of 1459%.

What is the median guideline value in Nesapakkam?

The median guideline value in Nesapakkam is Rs 3,300 per sq.ft, with PERIYAR NAGAR Main Road's 2024 figure being above this median.

What are the stamp duty and registration fees for property in PERIYAR NAGAR Main Road?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees amount to Rs 3,46,500.

Which office handles the registration for properties in PERIYAR NAGAR Main Road?

The Virugambakkam Sub Registrar Office handles the registration for properties in PERIYAR NAGAR Main Road, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.