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Guideline Value

Corporate

Guideline Value for SAKTHI NAGAR 1st Cross Street

₹2500/sq.ft.

The guideline value for Sakthi Nagar 1st Cross Street in Nerkundram village (Virugambakkam SRO, Chennai zone) is Rs 2500 per sq.ft, effective 1 July 2024. It was Rs 2250 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Iii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nerkundram

Village

Virugambakkam

SRO

Residential Class III Type - II
History
Period Guideline Value
From 1-7-2024 ₹2500 /sq.ft.
From 1-4-2023 ₹2250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1507 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2250 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹287 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹260 /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 Sakthi Nagar 1st Cross Street

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SAKTHI NAGAR 1st Cross Street guideline value

The current guideline value for SAKTHI NAGAR 1st Cross Street is Rs 2,500 per sq.ft, effective from 1 July 2024. This street is located in Nerkundram village, under the jurisdiction of the Virugambakkam SRO, and falls under the Residential Class III Type - II land classification.

How the guideline value of SAKTHI NAGAR 1st Cross Street has changed

The guideline value for SAKTHI NAGAR 1st Cross Street has undergone several revisions over the years. Starting with the 2002 revision, the value was Rs 260 per sq.ft. In 2003, it increased to Rs 287 per sq.ft, marking a change of +10%. The 2007 revision saw a significant jump to Rs 400 per sq.ft, an increase of +39%. By 2012, the value rose to Rs 2,250 per sq.ft, reflecting a substantial increase of +463%. However, in 2017, the value decreased to Rs 1,507 per sq.ft, a drop of -33%. The 2023 revision brought the value back up to Rs 2,250 per sq.ft, followed by the current 2024 revision, which set the value at Rs 2,500 per sq.ft, an increase of +11%.

Overall, from 2002 to 2024, the guideline value has increased by +862%. There are no figures available for the revisions in years not mentioned in the register.

Guideline values in Nerkundram

Nerkundram village 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 as of 2024. The median guideline value for these streets is Rs 2,200 per sq.ft, placing SAKTHI NAGAR 1st Cross Street above this median.

Stamp duty and registration fee for property in SAKTHI NAGAR 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,500 per sq.ft, the total guideline value would be Rs 25,00,000. The stamp duty at 7% would amount to Rs 1,75,000, while the registration fee at 2% would be Rs 50,000, bringing the total fees to Rs 2,25,000. 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 SAKTHI NAGAR 1st Cross Street?

The SAKTHI NAGAR 1st Cross Street falls under the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Nerkundram. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

Frequently asked questions

What is the current guideline value for SAKTHI NAGAR 1st Cross Street?

The current guideline value for SAKTHI NAGAR 1st Cross Street is Rs 2,500 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 260 per sq.ft in 2002 to Rs 2,500 per sq.ft in 2024, reflecting an overall increase of +862% over the years.

What is the land classification for SAKTHI NAGAR 1st Cross Street?

SAKTHI NAGAR 1st Cross Street is classified under Residential Class III Type - II.

Where can I find the registration office for SAKTHI NAGAR 1st Cross Street?

The registration office for SAKTHI NAGAR 1st Cross Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, if the guideline value is Rs 25,00,000, the stamp duty at 7% would be Rs 1,75,000.