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Guideline Value

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Guideline Value for SELLIYAMMAN NAGAR - Aavani Street

₹2750/sq.ft.

The guideline value for Selliyamman Nagar - Aavani 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 - Aavani Street

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SELLIYAMMAN NAGAR - Aavani Street guideline value

The current guideline value for SELLIYAMMAN NAGAR - Aavani Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Nerkundram village under the Virugambakkam SRO, classified as Residential Class III Type - I.

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

The guideline value for SELLIYAMMAN NAGAR - Aavani 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 rise of 52%. By 2007, the value jumped significantly to Rs 400 per sq.ft, an increase of 60%. The 2012 revision saw a decrease to Rs 2,500 per sq.ft, reflecting a drop of 33%. However, in 2017, the value rose again to Rs 1,675 per sq.ft, a 49% increase. The 2023 revision set the value at Rs 2,500 per sq.ft, and the latest revision in 2024 has increased it to Rs 2,750 per sq.ft, which is a 10% rise.

Overall, from 2002 to 2024, the guideline value has increased by 1,567%. There are no figures available for the years not mentioned in the register for this street.

Guideline values in Nerkundram

Nerkundram 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 SELLIYAMMAN NAGAR - Aavani Street above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total cost to Rs 2,47,500. Please 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 details.

Which Sub Registrar Office covers SELLIYAMMAN NAGAR - Aavani Street?

The SELLIYAMMAN NAGAR - Aavani Street falls under the jurisdiction of 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 Nerkundram

The guideline value is a crucial factor in the registration of property transactions in Nerkundram. It serves as a reference point for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the legal valuation of the property. It is important to note that the final registration fees and stamp duties are calculated based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value for SELLIYAMMAN NAGAR - Aavani Street?

The current guideline value for SELLIYAMMAN NAGAR - Aavani 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 changed significantly from Rs 165 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 1,567% over the years.

What is the role of the Virugambakkam SRO?

The Virugambakkam Sub Registrar Office is responsible for the registration of property transactions in the area, including SELLIYAMMAN NAGAR - Aavani Street.

How is stamp duty calculated for properties in SELLIYAMMAN NAGAR - Aavani Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500.

What other streets have the same guideline value as SELLIYAMMAN NAGAR - Aavani Street?

Other streets in Nerkundram with the same guideline value of Rs 2,750 per sq.ft include SELLIYAMMAN NAGAR - Aanni Street, SELLIYAMMAN NAGAR - Aippasi Street, SELLIYAMMAN NAGAR - Aadi Street, SELLIYAMMAN NAGAR - Chitirai Street, SELLIYAMMAN NAGAR Extn, and Selliyamman Koil Street.