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Guideline Value

Corporate

Guideline Value for Sri Lakshmi Nagar 3rd Cross Road

₹2200/sq.ft.

The guideline value for Sri Lakshmi Nagar 3rd Cross 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 ₹104 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹94 /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 Sri Lakshmi Nagar 3rd Cross Road

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Sri Lakshmi Nagar 3rd Cross Road guideline value

The current guideline value of Sri Lakshmi Nagar 3rd Cross Road is Rs 2,200 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 IV Type - I.

How the guideline value of Sri Lakshmi Nagar 3rd Cross Road has changed

The guideline value for Sri Lakshmi Nagar 3rd Cross Road has undergone several revisions over the years. In 2002, the value was Rs 94 per sq.ft, which increased to Rs 104 per sq.ft in 2003, marking an increase of 11%. By 2007, the value rose significantly to Rs 350 per sq.ft, reflecting a 237% increase. The 2012 revision saw a decrease to Rs 2,000 per sq.ft, a drop of 471% from the previous figure. In 2017, the value increased to Rs 1,340 per sq.ft, a 49% increase from 2012. The 2023 revision set the value at Rs 2,000 per sq.ft, which then increased to Rs 2,200 per sq.ft in 2024, representing a 10% rise.

There are no figures available for revisions in years not mentioned. The overall increase from 2002 to 2024 amounts to 2240%.

Guideline values in Nerkundram

In Nerkundram, there are 476 streets under the Virugambakkam SRO with a guideline value for 2024 ranging from Rs 1,650 to Rs 6,600 per sq.ft. The median value is Rs 2,200 per sq.ft, which is the same as the current value for Sri Lakshmi Nagar 3rd Cross Road.

Stamp duty and registration fee for property in Sri Lakshmi Nagar 3rd Cross 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, totaling Rs 1,98,000. 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 Sri Lakshmi Nagar 3rd Cross Road?

The Sri Lakshmi Nagar 3rd Cross Road is covered by 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 crucial for determining the stamp duty and registration fees when buying or selling property in Nerkundram. It serves as a benchmark for the minimum value at which properties can be registered, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the guideline value will be compared to the sale price, and the higher of the two will be used to calculate the applicable duties and fees. This ensures that the registration process is transparent and consistent across all property transactions.

Frequently asked questions

What is the current guideline value for Sri Lakshmi Nagar 3rd Cross Road?

The current guideline value for Sri Lakshmi Nagar 3rd Cross 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 from Rs 94 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, showing an overall increase of 2240% over the years.

What is the classification of land in Sri Lakshmi Nagar 3rd Cross Road?

Sri Lakshmi Nagar 3rd Cross Road is classified as Residential Class IV Type - I, indicating its use for residential purposes.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

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

The Sub Registrar Office covering Sri Lakshmi Nagar 3rd Cross Road is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.