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Guideline Value

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Guideline Value for PERIYAR NAGAR - Kattabomman Street

₹3850/sq.ft.

The guideline value for Periyar Nagar - Kattabomman Street 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 ₹217 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹197 /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 - Kattabomman Street

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PERIYAR NAGAR - Kattabomman Street guideline value

The current guideline value of PERIYAR NAGAR - Kattabomman Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Nesapakkam village, under the Virugambakkam SRO, and is classified as Residential Class I Type - I.

How the guideline value of PERIYAR NAGAR - Kattabomman Street has changed

The guideline value for PERIYAR NAGAR - Kattabomman Street has seen significant changes over the years. In 2002, the value was Rs 197 per sq.ft, which increased to Rs 217 per sq.ft in 2003. Following this, there was a substantial rise to Rs 1,100 per sq.ft in 2007, marking an increase of 407%. The value then saw a dramatic jump to Rs 3,500 per sq.ft in 2012, reflecting a 218% increase. However, in 2017, the guideline value decreased to Rs 2,345 per sq.ft, a reduction of 33%. The value rose again to Rs 3,500 per sq.ft in 2023, before reaching the current figure of Rs 3,850 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1854%. The revisions for the years 2012, 2017, and 2023 show the fluctuations in the guideline value, with no figures available for any other years in the register.

Guideline values in Nesapakkam

Nesapakkam has a total of 148 streets under the Virugambakkam SRO, with 2024 guideline values ranging from Rs 2,200 to Rs 7,150 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, and the guideline value for PERIYAR NAGAR - Kattabomman Street is above this median.

Stamp duty and registration fee for property in PERIYAR NAGAR - Kattabomman Street

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, while the registration fee at 2% would be Rs 77,000, resulting in a total of 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.

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

Which Sub Registrar Office covers PERIYAR NAGAR - Kattabomman Street?

The Sub Registrar Office that covers PERIYAR NAGAR - Kattabomman 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 information.

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

The guideline value is a crucial factor in property transactions in Nesapakkam. It serves as a benchmark for determining the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the transfer of property ownership.

During the registration process, the guideline value ensures that both the buyer and seller adhere to the legal requirements set by the government. It helps in maintaining transparency and accountability in property transactions, ensuring that all parties are aware of the financial obligations involved.

Frequently asked questions

What is the current guideline value of PERIYAR NAGAR - Kattabomman Street?

The current guideline value of PERIYAR NAGAR - Kattabomman Street 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 197 per sq.ft in 2002 to Rs 3,850 per sq.ft in 2024, reflecting an overall increase of 1854% over this period.

What is the land classification for this street?

PERIYAR NAGAR - Kattabomman Street is classified as Residential Class I Type - I.

Where can I find the registration office for this area?

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

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500 at 7%.