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Guideline Value

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Guideline Value for SELLIYAMMAN NAGAR - Vaigasi Street

₹2750/sq.ft.

The guideline value for Selliyamman Nagar - Vaigasi 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 - Vaigasi Street

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SELLIYAMMAN NAGAR - Vaigasi Street guideline value

The current guideline value for SELLIYAMMAN NAGAR - Vaigasi 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 - Vaigasi Street has changed

The guideline value for SELLIYAMMAN NAGAR - Vaigasi 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 52% rise. By 2007, the value had jumped to Rs 400 per sq.ft, reflecting a 60% increase. The 2012 revision saw a significant rise to Rs 2,500 per sq.ft, a 525% increase from the previous figure. However, this was followed by a decrease to Rs 1,675 per sq.ft in 2017, which was a 33% drop. The value then rose to Rs 2,500 per sq.ft in 2023, before reaching the current rate of Rs 2,750 per sq.ft in 2024, representing a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1,567%. The register has no figure for the years not mentioned above.

Guideline values in Nerkundram

Nerkundram has a total of 476 streets under the Virugambakkam SRO, with guideline values for 2024 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, placing SELLIYAMMAN NAGAR - Vaigasi Street's current figure above this median.

Stamp duty and registration fee for property in SELLIYAMMAN NAGAR - Vaigasi 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, and the registration fee at 2% would be Rs 55,000, making the total 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers SELLIYAMMAN NAGAR - Vaigasi Street?

The SELLIYAMMAN NAGAR - Vaigasi 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 critical factor in the registration of property transactions in Nerkundram. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory costs that must be paid during the transaction process. This ensures transparency and consistency in property dealings.

Frequently asked questions

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

The current guideline value for SELLIYAMMAN NAGAR - Vaigasi 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 are the stamp duty and registration fees for property in SELLIYAMMAN NAGAR - Vaigasi Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 27,50,000. The stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which office handles registrations for SELLIYAMMAN NAGAR - Vaigasi Street?

The Virugambakkam Sub Registrar Office handles registrations for SELLIYAMMAN NAGAR - Vaigasi Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

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

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