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Guideline Value

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Guideline Value for THANTHAI PERIYAR NAGAR - Anna Salai 3rd Cross Street

₹2200/sq.ft.

The guideline value for Thanthai Periyar Nagar - Anna Salai 3rd 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 3rd Cross Street

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THANTHAI PERIYAR NAGAR - Anna Salai 3rd Cross Street guideline value

The current guideline value for THANTHAI PERIYAR NAGAR - Anna Salai 3rd 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, and is classified as Residential Class IV Type - I.

How the guideline value of THANTHAI PERIYAR NAGAR - Anna Salai 3rd Cross Street has changed

In the 2007 revision, the guideline value was Rs 300 per sq.ft. This figure saw a significant increase to Rs 2,000 per sq.ft in the 2012 revision, marking a rise of 567%. However, in the 2017 revision, the value decreased to Rs 1,340 per sq.ft, a decline of 33%. The value then increased to Rs 2,000 per sq.ft in the 2023 revision, followed by another increase to Rs 2,200 per sq.ft in the 2024 revision, representing a 10% rise.

Overall, from the 2007 revision to the 2024 revision, 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 that carry 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 guideline value for THANTHAI PERIYAR NAGAR - Anna Salai 3rd Cross Street.

Stamp duty and registration fee for property in THANTHAI PERIYAR NAGAR - Anna Salai 3rd Cross Street

For a 1,000 sq.ft plot at the current rate, 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, totaling Rs 1,98,000. 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 THANTHAI PERIYAR NAGAR - Anna Salai 3rd Cross Street?

The Sub Registrar Office that covers THANTHAI PERIYAR NAGAR - Anna Salai 3rd 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 crucial factor in the registration process when buying or selling property in Nerkundram. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When a property is sold, the sale price must be compared to the guideline value. The higher of the two values is used to determine the stamp duty payable, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for THANTHAI PERIYAR NAGAR - Anna Salai 3rd Cross Street?

The current guideline value for THANTHAI PERIYAR NAGAR - Anna Salai 3rd 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 significantly, starting from Rs 300 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, which is an increase of 633% overall.

What is the land classification for this street?

THANTHAI PERIYAR NAGAR - Anna Salai 3rd Cross Street is classified as Residential Class IV Type - I.

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

The Sub Registrar Office for THANTHAI PERIYAR NAGAR - Anna Salai 3rd Cross Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in this area?

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