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Guideline Value

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Guideline Value for THANTHAI PERIYAR NAGAR - Alagiri Salai

₹2200/sq.ft.

The guideline value for Thanthai Periyar Nagar - Alagiri Salai 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 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹111 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹100 /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 Thanthai Periyar Nagar - Alagiri Salai

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THANTHAI PERIYAR NAGAR - Alagiri Salai guideline value

The current guideline value for THANTHAI PERIYAR NAGAR - Alagiri Salai is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Nerkundram village, under the jurisdiction of the Virugambakkam SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of THANTHAI PERIYAR NAGAR - Alagiri Salai has changed

The guideline value for THANTHAI PERIYAR NAGAR - Alagiri Salai has undergone several revisions over the years. In 2002, the guideline value was Rs 100 per sq.ft, which increased to Rs 111 per sq.ft in 2003. Following this, there was a significant rise to Rs 300 per sq.ft in 2007, and then a substantial jump to Rs 2,000 per sq.ft in 2012. However, the value fell to Rs 1,340 per sq.ft in 2017, before increasing to Rs 2,000 per sq.ft in 2023, and finally reaching Rs 2,200 per sq.ft in 2024.

Between these revisions, notable changes include a 567% increase from 2007 to 2012, followed by a 33% decrease from 2012 to 2017. The value then saw a 49% increase from 2017 to 2023, and a further 10% increase from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by 2100%.

Guideline values in Nerkundram

Nerkundram village has 476 streets under the Virugambakkam SRO, with a 2024 guideline value range from Rs 1,650 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, which is the same as the current value for THANTHAI PERIYAR NAGAR - Alagiri Salai.

Stamp duty and registration fee for property in THANTHAI PERIYAR NAGAR - Alagiri Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. 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 THANTHAI PERIYAR NAGAR - Alagiri Salai?

The THANTHAI PERIYAR NAGAR - Alagiri Salai area is covered by 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 is an important factor during property transactions in Nerkundram. It serves as a benchmark for determining the minimum value at which properties can be registered. When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees that are applicable.

When registering a property, the guideline value is used to ensure that the transaction is documented at a fair value. This is crucial for both buyers and sellers, as it provides a transparent basis for the financial aspects of the property transfer.

Frequently asked questions

What is the current guideline value for THANTHAI PERIYAR NAGAR - Alagiri Salai?

The current guideline value for THANTHAI PERIYAR NAGAR - Alagiri Salai 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 100 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 2100% over the years.

What is the land classification for THANTHAI PERIYAR NAGAR - Alagiri Salai?

The land classification for THANTHAI PERIYAR NAGAR - Alagiri Salai is Residential Class IV Type - I.

Where is the Virugambakkam Sub Registrar Office located?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in THANTHAI PERIYAR NAGAR - Alagiri Salai?

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