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Guideline Value

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Guideline Value for SELLIYAMMAN NAGAR - Aippasi Street

₹2750/sq.ft.

The guideline value for Selliyamman Nagar - Aippasi 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 - Aippasi Street

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SELLIYAMMAN NAGAR - Aippasi Street guideline value

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

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

The guideline value for SELLIYAMMAN NAGAR - Aippasi Street has seen several revisions over the years. In 2002, the guideline value was Rs 165 per sq.ft. This increased to Rs 250 per sq.ft in 2003, marking a 52% rise. The value continued to rise significantly, reaching Rs 400 per sq.ft in 2007, which was an increase of 60%. By 2012, the value had risen to Rs 2,500 per sq.ft, reflecting a substantial 525% increase from the previous revision. However, between 2012 and 2017, the guideline value decreased to Rs 1,675 per sq.ft, showing a decline of 33%. The value then increased to Rs 2,500 per sq.ft in 2023, a rise of 49%, before reaching the current value of Rs 2,750 per sq.ft in 2024, which is a 10% increase.

There are no figures available for the revisions in years other than those specified. The overall increase from 2002 to 2024 is 1567%, showcasing the changes in guideline values over the years.

Guideline values in Nerkundram

In Nerkundram, there are 476 streets under the Virugambakkam SRO with a 2024 guideline value 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, and SELLIYAMMAN NAGAR - Aippasi Street's current value is above this median.

Stamp duty and registration fee for property in SELLIYAMMAN NAGAR - Aippasi 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 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 further calculations.

Which Sub Registrar Office covers SELLIYAMMAN NAGAR - Aippasi Street?

The SELLIYAMMAN NAGAR - Aippasi 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 more information.

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

The guideline value is a crucial factor during property registration in Nerkundram. It helps determine the stamp duty and registration fees payable at the time of property transactions. Buyers and sellers must be aware of the current guideline value to ensure compliance with registration requirements.

When a property is bought or sold, the guideline value is used as a benchmark for calculating the necessary fees. Buyers should ensure that they are informed about the latest revisions to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value for SELLIYAMMAN NAGAR - Aippasi 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 from Rs 165 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, showing a significant overall increase of 1567% over the years.

What is the land classification for SELLIYAMMAN NAGAR - Aippasi Street?

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

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering SELLIYAMMAN NAGAR - Aippasi 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 properties in SELLIYAMMAN NAGAR - Aippasi Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft property at the current guideline value incurs a total fee of Rs 2,47,500, including stamp duty and registration fees.