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Guideline Value

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Guideline Value for PERIYAR NAGAR - T.K.Bhani 4th Cross Street

₹3850/sq.ft.

The guideline value for Periyar Nagar - T.k.bhani 4th Cross 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 4th Cross Street

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PERIYAR NAGAR - T.K.Bhani 4th Cross Street guideline value

The current guideline value of PERIYAR NAGAR - T.K.Bhani 4th Cross 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 it falls under the Residential Class I Type - I land classification.

How the guideline value of PERIYAR NAGAR - T.K.Bhani 4th Cross Street has changed

The guideline value for PERIYAR NAGAR - T.K.Bhani 4th Cross Street has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 197 per sq.ft. This increased to Rs 217 per sq.ft in 2003, marking a 10% rise. The value saw a significant jump to Rs 1,100 per sq.ft in 2007, which was a 407% increase. In 2012, the value adjusted to Rs 3,500 per sq.ft, reflecting a decrease of 33%. The 2017 revision set the value at Rs 2,345 per sq.ft, a 49% increase from the previous year. The 2023 revision brought it back up to Rs 3,500 per sq.ft, before reaching the current value of Rs 3,850 per sq.ft in 2024, which is a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1854%. The register has no figures for the revisions in years not listed above.

Guideline values in Nesapakkam

Nesapakkam village has a total of 148 streets under the Virugambakkam SRO that carry a 2024 guideline value, 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, positioning the 2024 value of PERIYAR NAGAR - T.K.Bhani 4th Cross Street above this median.

Stamp duty and registration fee for property in PERIYAR NAGAR - T.K.Bhani 4th Cross 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. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers PERIYAR NAGAR - T.K.Bhani 4th Cross Street?

The Sub Registrar Office that covers PERIYAR NAGAR - T.K.Bhani 4th Cross Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, click here.

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

The guideline value is an important factor when registering properties in Nesapakkam. It serves as a benchmark for determining the minimum price at which a property can be sold and helps in calculating the stamp duty and registration fees applicable during the transaction.

When a buyer or seller engages in a property transaction, the guideline value ensures that the property is registered at a value that reflects the current market conditions. This helps maintain transparency and fairness in the property registration process.

Frequently asked questions

What is the current guideline value of PERIYAR NAGAR - T.K.Bhani 4th Cross Street?

The current guideline value of PERIYAR NAGAR - T.K.Bhani 4th Cross 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 through several revisions, starting from Rs 197 per sq.ft in 2002 to the current value of Rs 3,850 per sq.ft in 2024, marking an overall increase of 1854%.

What is the land classification for this street?

PERIYAR NAGAR - T.K.Bhani 4th Cross Street falls under the Residential Class I Type - I land classification.

Where can I find the registration office for this area?

The registration office for PERIYAR NAGAR - T.K.Bhani 4th Cross Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 2,69,500 at the current guideline value.