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Guideline Value

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Guideline Value for THANTHAI PERIYAR NAGAR - Anna Salai 1st Cross Street

₹2200/sq.ft.

The guideline value for Thanthai Periyar Nagar - Anna Salai 1st Cross Street 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 N/A
From 1-4-2002 To 31-3-2003 N/A
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 - Anna Salai 1st Cross Street

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THANTHAI PERIYAR NAGAR - Anna Salai 1st Cross Street guideline value

The current guideline value for THANTHAI PERIYAR NAGAR - Anna Salai 1st Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Nerkundram village under the Virugambakkam SRO, classified as Residential Class IV Type - I.

How the guideline value of THANTHAI PERIYAR NAGAR - Anna Salai 1st Cross Street has changed

The guideline value for THANTHAI PERIYAR NAGAR - Anna Salai 1st Cross Street has undergone several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which saw a significant increase to Rs 2,000 per sq.ft in 2012. However, this was followed by a decrease to Rs 1,340 per sq.ft in 2017. The value then rose to Rs 2,000 per sq.ft in 2023, before reaching the current rate of Rs 2,200 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. The rise from 2012 to 2017 was a decrease of 33%. Notably, the increase from 2007 to 2012 was a substantial 567%. Overall, from 2007 to 2024, the guideline value has increased by 633%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Nerkundram

In Nerkundram, there are 476 streets under the Virugambakkam SRO with a 2024 guideline value ranging from Rs 1,650 to Rs 6,600 per sq.ft. The median value is Rs 2,200 per sq.ft, which is equal to the current guideline value for THANTHAI PERIYAR NAGAR - Anna Salai 1st Cross Street.

Stamp duty and registration fee for property in THANTHAI PERIYAR NAGAR - Anna Salai 1st Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value is 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. 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 details.

Which Sub Registrar Office covers THANTHAI PERIYAR NAGAR - Anna Salai 1st Cross Street?

The Sub Registrar Office that covers THANTHAI PERIYAR NAGAR - Anna Salai 1st Cross Street 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 information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Nerkundram. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the buyer and seller must consider the guideline value to calculate the applicable fees. The registration office uses this value to assess the transaction, and it is essential for both parties to be aware of it to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for THANTHAI PERIYAR NAGAR - Anna Salai 1st Cross Street?

The current guideline value for THANTHAI PERIYAR NAGAR - Anna Salai 1st Cross Street 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 300 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, showing an overall increase of 633% over the years.

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

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

Which office handles registrations for THANTHAI PERIYAR NAGAR?

The Virugambakkam Sub Registrar Office handles registrations for THANTHAI PERIYAR NAGAR, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the significance of the guideline value in property transactions?

The guideline value serves as the minimum value for property registration, influencing the calculation of stamp duty and registration fees during transactions in Nerkundram.