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Guideline Value

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Guideline Value for SELLIYAMMAN NAGAR - Karthigai Street

₹2750/sq.ft.

The guideline value for Selliyamman Nagar - Karthigai 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 - Karthigai Street

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SELLIYAMMAN NAGAR - Karthigai Street guideline value

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

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

The guideline value for SELLIYAMMAN NAGAR - Karthigai Street has seen several revisions over the years. In 2002, the value was Rs 165 per sq.ft, which increased to Rs 250 per sq.ft in 2003, marking a 52% rise. The value then rose to Rs 400 per sq.ft in 2007, a significant increase of 60%. Following this, the 2012 revision set the value at Rs 2,500 per sq.ft, reflecting a substantial jump of 525% from the previous figure. However, in 2017, the value decreased to Rs 1,675 per sq.ft, which was a drop of 33%. The 2023 revision brought the value back up to Rs 2,500 per sq.ft, and the latest 2024 revision has set it at Rs 2,750 per sq.ft, an increase of 10% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1567%. The register has no figures for the years not mentioned in this summary.

Guideline values in Nerkundram

Nerkundram has a total of 476 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 6,600 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing SELLIYAMMAN NAGAR - Karthigai Street's 2024 value above this median.

Stamp duty and registration fee for property in SELLIYAMMAN NAGAR - Karthigai 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, bringing the total fees together to 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 use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers SELLIYAMMAN NAGAR - Karthigai Street?

The SELLIYAMMAN NAGAR - Karthigai Street falls under the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Nerkundram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction.

Frequently asked questions

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

The current guideline value for SELLIYAMMAN NAGAR - Karthigai 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 an overall increase of 1567% over the years.

What are the other streets in Nerkundram with the same guideline value?

Other streets in Nerkundram with the same guideline value of Rs 2,750 per sq.ft include SELLIYAMMAN NAGAR Extn, SELLIYAMMAN NAGAR - Puratasi Street, SELLIYAMMAN NAGAR - Chitirai Street, SELLIYAMMAN NAGAR - Vaigasi Street, SELLIYAMMAN NAGAR - Aippasi Street, and SELLIYAMMAN NAGAR - Aavani Street.

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

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

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 27,50,000, the stamp duty would be 7% of that amount.