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Guideline Value

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Guideline Value for THANTHAI PERIYAR NAGAR - Anna Salai 4th Cross Street

₹2200/sq.ft.

The guideline value for Thanthai Periyar Nagar - Anna Salai 4th 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 4th Cross Street

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THANTHAI PERIYAR NAGAR - Anna Salai 4th Cross Street guideline value

The current guideline value for THANTHAI PERIYAR NAGAR - Anna Salai 4th 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 4th Cross Street has changed

The guideline value for this street has seen several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which significantly increased to Rs 2,000 per sq.ft in 2012, marking a rise of 567%. However, from 2012 to 2017, the value decreased to Rs 1,340 per sq.ft, a decline of 33%. The next revision in 2023 set the value at Rs 2,000 per sq.ft, and by 2024, it rose again to Rs 2,200 per sq.ft, reflecting a 10% increase.

Overall, from 2007 to 2024, the guideline value has increased by 633%. Notably, there are no figures available for the revisions in 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, with a median value of Rs 2,200 per sq.ft. The guideline value for THANTHAI PERIYAR NAGAR - Anna Salai 4th Cross Street aligns with this median.

Stamp duty and registration fee for property in THANTHAI PERIYAR NAGAR - Anna Salai 4th Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the 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 or 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 4th Cross Street?

The THANTHAI PERIYAR NAGAR - Anna Salai 4th Cross Street falls under 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 amount of stamp duty and registration fees that need to be paid, ensuring that the transaction is officially recorded and legally binding.

When engaging in property transactions, it is essential to be aware of the current guideline value, as it reflects the official valuation set by the government. This value plays a significant role in calculating the financial obligations associated with property registration.

Frequently asked questions

What is the current guideline value for THANTHAI PERIYAR NAGAR - Anna Salai 4th Cross Street?

The current guideline value for THANTHAI PERIYAR NAGAR - Anna Salai 4th 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, reflecting a total increase of 633% over the years.

What is the stamp duty rate for property transactions in this area?

The stamp duty rate for property transactions in THANTHAI PERIYAR NAGAR - Anna Salai 4th Cross Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the registration office for this street?

The registration office for THANTHAI PERIYAR NAGAR - Anna Salai 4th Cross Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for this street?

THANTHAI PERIYAR NAGAR - Anna Salai 4th Cross Street is classified as Residential Class IV Type - I.