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Guideline Value

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Guideline Value for THANTHAI PERIYAR NAGAR - Angamuthu Salai

₹2200/sq.ft.

The guideline value for Thanthai Periyar Nagar - Angamuthu 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 - Angamuthu Salai

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THANTHAI PERIYAR NAGAR - Angamuthu Salai guideline value

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

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

The guideline value for THANTHAI PERIYAR NAGAR - Angamuthu Salai has undergone several revisions over the years. In 2002, the guideline value was Rs 100 per sq.ft. This increased to Rs 111 per sq.ft in 2003, marking an 11% rise. The value then saw a significant jump to Rs 300 per sq.ft in 2007, which was a 170% increase. Following this, the guideline value rose dramatically to Rs 2,000 per sq.ft in 2012, reflecting a 567% increase. However, it decreased to Rs 1,340 per sq.ft in 2017, a decline of 33%. The value then increased to Rs 2,000 per sq.ft in 2023, which was a 49% rise, and finally reached Rs 2,200 per sq.ft in the 2024 revision, marking a 10% increase.

There are no figures available for the years that do not have a revision listed for this street. Overall, from 2002 to 2024, the guideline value has increased by 2100%.

Guideline values in Nerkundram

In Nerkundram, there are 476 streets under the Virugambakkam SRO carrying a 2024 guideline value ranging 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 equal to the current value for THANTHAI PERIYAR NAGAR - Angamuthu Salai.

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

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 to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers THANTHAI PERIYAR NAGAR - Angamuthu Salai?

The Sub Registrar Office that covers THANTHAI PERIYAR NAGAR - Angamuthu Salai is 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 a crucial factor when buying or selling property in Nerkundram. It serves as the basis for calculating the stamp duty and registration fees that are required during the registration process. Buyers and sellers must be aware of this value to ensure compliance with local regulations.

When a property is registered, the guideline value or the sale price is considered, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value for THANTHAI PERIYAR NAGAR - Angamuthu 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 a total increase of 2100% over the years.

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

THANTHAI PERIYAR NAGAR - Angamuthu Salai is classified as Residential Class IV Type - I.

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

The Sub Registrar Office for THANTHAI PERIYAR NAGAR - Angamuthu Salai 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 this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would amount to Rs 1,54,000.