Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Sivasakthi Nagar Main Road

₹2200/sq.ft.

The guideline value for Sivasakthi Nagar Main Road in Nerkundram village (Virugambakkam SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nerkundram

Village

Virugambakkam

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹350 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹92 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹83 /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 Sivasakthi Nagar Main Road

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Sivasakthi Nagar Main Road guideline value

The current guideline value of Sivasakthi Nagar Main Road is Rs 2,200 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 IV Type - I.

How the guideline value of Sivasakthi Nagar Main Road has changed

The guideline value for Sivasakthi Nagar Main Road has seen significant changes over the years. In 2002, the value was Rs 83 per sq.ft, which increased to Rs 92 per sq.ft in 2003, marking an increase of 11%. The value then rose dramatically to Rs 350 per sq.ft in 2007, a substantial increase of 280%. Following this, the value surged to Rs 2,000 per sq.ft in 2012, reflecting a remarkable increase of 471%. However, from 2012 to 2017, the value decreased to Rs 1,340 per sq.ft, which is a decline of 33%. The guideline value then increased significantly to Rs 2,000 per sq.ft in 2023, followed by a further increase to the current rate of Rs 2,200 per sq.ft in 2024, which is a rise of 10%.

There are no figures available for the years that do not have a registered value for this street. Overall, from 2002 to 2024, the guideline value has increased by 2,551%.

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 is Rs 2,200 per sq.ft, which is the same as the 2024 figure for Sivasakthi Nagar Main Road.

Stamp duty and registration fee for property in Sivasakthi Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sivasakthi Nagar Main Road?

The Sivasakthi Nagar Main Road is covered by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To locate your SRO, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in Nerkundram. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during the transaction process.

When a property is sold, the guideline value serves as a benchmark for the minimum value on which stamp duty is calculated. This ensures that both parties are aware of the financial obligations involved in the sale, based on the officially registered values.

Frequently asked questions

What is the current guideline value of Sivasakthi Nagar Main Road?

The current guideline value of Sivasakthi Nagar Main Road is Rs 2,200 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 83 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 2,551% over the years.

What is the land classification for Sivasakthi Nagar Main Road?

The land classification for Sivasakthi Nagar Main Road is Residential Class IV Type - I.

Where can I find the registration office for Sivasakthi Nagar Main Road?

The registration office for Sivasakthi Nagar Main Road 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 Sivasakthi Nagar Main Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at a rate of 7%.