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Guideline Value

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Guideline Value for SELLIYAMMAN NAGAR - Aadi Street

₹2750/sq.ft.

The guideline value for Selliyamman Nagar - Aadi Street in Nerkundram village (Virugambakkam SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nerkundram

Village

Virugambakkam

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹250 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹165 /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 Selliyamman Nagar - Aadi Street

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SELLIYAMMAN NAGAR - Aadi Street guideline value

The current guideline value of SELLIYAMMAN NAGAR - Aadi Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Nerkundram village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of SELLIYAMMAN NAGAR - Aadi Street has changed

The guideline value for SELLIYAMMAN NAGAR - Aadi Street has seen several revisions over the years. In 2002, the guideline value was Rs 165 per sq.ft, which increased to Rs 250 per sq.ft in 2003, marking a change of +52%. The value then rose significantly to Rs 400 per sq.ft in 2007, representing an increase of +60%. Following this, the value surged to Rs 2,500 per sq.ft in 2012, a substantial increase of +525%. However, it decreased to Rs 1,675 per sq.ft in 2017, reflecting a change of -33%. The guideline value then increased to Rs 2,500 per sq.ft in 2023, before reaching its current figure of Rs 2,750 per sq.ft in 2024, which is a +10% increase.

Overall, from 2002 to 2024, the guideline value has increased by +1567%. There are no figures available for revisions in years other than those listed.

Guideline values in Nerkundram

Nerkundram village has 476 streets under the Virugambakkam SRO, with guideline values ranging from Rs 1,650 to Rs 6,600 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, indicating that SELLIYAMMAN NAGAR - Aadi Street's 2024 figure is above this median.

Stamp duty and registration fee for property in SELLIYAMMAN NAGAR - Aadi Street

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total fees together to Rs 2,47,500. 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 information.

Which Sub Registrar Office covers SELLIYAMMAN NAGAR - Aadi Street?

The Sub Registrar Office that covers SELLIYAMMAN NAGAR - Aadi 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 details.

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

The guideline value is a critical factor in property transactions in Nerkundram. It serves as the basis for calculating the stamp duty and registration fees when registering a property. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to determine the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of SELLIYAMMAN NAGAR - Aadi Street?

The current guideline value of SELLIYAMMAN NAGAR - Aadi Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 165 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of +1567% over the years.

What is the registration office for SELLIYAMMAN NAGAR - Aadi Street?

The registration office for SELLIYAMMAN NAGAR - Aadi Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

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

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

What is the land classification of SELLIYAMMAN NAGAR - Aadi Street?

The land classification for SELLIYAMMAN NAGAR - Aadi Street is Residential Class III Type - I.