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Guideline Value

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Guideline Value for PERIYAR NAGAR - T.K.Bhani Street

₹3850/sq.ft.

The guideline value for Periyar Nagar - T.k.bhani 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 - T.k.bhani Street

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PERIYAR NAGAR - T.K.Bhani Street guideline value

The current guideline value of PERIYAR NAGAR - T.K.Bhani Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Nesapakkam village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of PERIYAR NAGAR - T.K.Bhani Street has changed

The guideline value for PERIYAR NAGAR - T.K.Bhani 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, the value surged to Rs 1,100 per sq.ft in 2007, marking a substantial increase of 407%. The value then rose to Rs 3,500 per sq.ft in 2012, but saw a decrease of 33% to Rs 2,345 per sq.ft in 2017. The value climbed again to Rs 3,500 per sq.ft in 2023, before reaching the current figure of Rs 3,850 per sq.ft in 2024, reflecting a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1854%. There are no figures available for any revisions prior to 2002 or for years not listed in the register.

Guideline values in Nesapakkam

Nesapakkam has 148 streets under the Virugambakkam SRO, with guideline values for 2024 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, placing the 2024 figure for PERIYAR NAGAR - T.K.Bhani Street above this median.

Stamp duty and registration fee for property in PERIYAR NAGAR - T.K.Bhani Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total 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 the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers PERIYAR NAGAR - T.K.Bhani Street?

The Sub Registrar Office that covers PERIYAR NAGAR - T.K.Bhani Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. For more information, you can find your SRO.

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

The guideline value is a critical factor when registering property transactions in Nesapakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of PERIYAR NAGAR - T.K.Bhani Street?

The current guideline value of PERIYAR NAGAR - T.K.Bhani Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed significantly, starting from Rs 197 per sq.ft in 2002 to Rs 3,850 per sq.ft in 2024, which is an increase of 1854% overall.

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

For a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500 and the registration fee would be Rs 77,000, totaling Rs 3,46,500.

Which Sub Registrar Office is associated with this street?

The Virugambakkam Sub Registrar Office covers PERIYAR NAGAR - T.K.Bhani Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the median guideline value for streets in Nesapakkam?

The median guideline value for streets in Nesapakkam is Rs 3,300 per sq.ft, with the value for PERIYAR NAGAR - T.K.Bhani Street being above this median at Rs 3,850 per sq.ft.