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Guideline Value

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Guideline Value for SELLIYAMMAN NAGAR - Puratasi Street

₹2750/sq.ft.

The guideline value for Selliyamman Nagar - Puratasi 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 - Puratasi Street

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SELLIYAMMAN NAGAR - Puratasi Street guideline value

The current guideline value of SELLIYAMMAN NAGAR - Puratasi 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 - Puratasi Street has changed

The guideline value for SELLIYAMMAN NAGAR - Puratasi Street has seen significant changes 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 rise of 52%. By 2007, the value jumped to Rs 400 per sq.ft, a 60% increase. The 2012 revision saw the value rise to Rs 2,500 per sq.ft, reflecting a substantial increase of 525% from the previous figure. However, in 2017, the value decreased to Rs 1,675 per sq.ft, which was a decline of 33%. The value then increased again to Rs 2,500 per sq.ft in 2023, followed by a further increase to Rs 2,750 per sq.ft in 2024, representing a 10% rise.

Overall, from 2002 to 2024, the guideline value has increased by 1567%. There are no figures available for revisions in 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. The median guideline value in this village is Rs 2,200 per sq.ft, which means that SELLIYAMMAN NAGAR - Puratasi Street's 2024 figure is above that median.

Stamp duty and registration fee for property in SELLIYAMMAN NAGAR - Puratasi 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 be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, making the total cost for these fees 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 our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers SELLIYAMMAN NAGAR - Puratasi Street?

The SELLIYAMMAN NAGAR - Puratasi 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 details.

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

The guideline value is an essential factor when it comes to property transactions in Nerkundram. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration requirements.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the fees are based on a fair assessment of the property's value, as determined by the local authorities.

Frequently asked questions

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

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

How much 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 1567% over this period.

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

The land classification for SELLIYAMMAN NAGAR - Puratasi 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 - Puratasi Street is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on 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 at a rate of 7%.