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Guideline Value

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Guideline Value for SELLIYAMMAN NAGAR - Chitirai Street

₹2750/sq.ft.

The guideline value for Selliyamman Nagar - Chitirai 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 - Chitirai Street

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SELLIYAMMAN NAGAR - Chitirai Street guideline value

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

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

The guideline value for SELLIYAMMAN NAGAR - Chitirai Street has undergone 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 to Rs 400 per sq.ft in 2007, reflecting a significant increase of +60%. Following this, the value surged to Rs 2,500 per sq.ft in 2012, an increase of +525%. However, it dropped to Rs 1,675 per sq.ft in 2017, showing a decrease of -33%. The guideline value then increased to Rs 2,500 per sq.ft in 2023, with an increase of +49%, and currently stands at Rs 2,750 per sq.ft as of the 2024 revision, which is a +10% change.

There are no figures available for the years between these revisions for SELLIYAMMAN NAGAR - Chitirai Street. Overall, from 2002 to 2024, the guideline value has seen a substantial increase of +1567%.

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. The median guideline value for these streets is Rs 2,200 per sq.ft, placing SELLIYAMMAN NAGAR - Chitirai Street above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, while the registration fee at 2% would be Rs 55,000, leading to a total of Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers SELLIYAMMAN NAGAR - Chitirai Street?

The SELLIYAMMAN NAGAR - Chitirai 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 critical component in the property registration process in Nerkundram. It serves as a baseline for calculating stamp duty and registration fees when a property is bought or sold, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, it is essential to be aware of the guideline value, as it affects the overall cost of the transaction. Buyers and sellers should ensure that they are informed about the current guideline values to make informed decisions during the registration process.

Frequently asked questions

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

The current guideline value for SELLIYAMMAN NAGAR - Chitirai 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, reflecting a significant overall increase of +1567% over this period.

What is the land classification for this street?

SELLIYAMMAN NAGAR - Chitirai Street is classified as Residential Class III Type - I.

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

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total of Rs 2,47,500 in fees.