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Guideline Value

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Guideline Value for THANTHAI PERIYAR NAGAR - Barathiar Salai

₹2200/sq.ft.

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

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THANTHAI PERIYAR NAGAR - Barathiar Salai guideline value

The current guideline value for THANTHAI PERIYAR NAGAR - Barathiar Salai 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 - Barathiar Salai has changed

The guideline value for THANTHAI PERIYAR NAGAR - Barathiar Salai has seen 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, marking an increase of 11%. The value then rose significantly to Rs 300 per sq.ft in 2007, reflecting a 170% increase. By 2012, it reached Rs 2,000 per sq.ft, a substantial rise of 567%. However, this value decreased to Rs 1,340 per sq.ft in 2017, showing a decline of 33%. The guideline value then increased to Rs 2,000 per sq.ft in 2023, and finally, it stands at Rs 2,200 per sq.ft in 2024, representing a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 2100%. The register has no figures for the years not mentioned in the revisions listed above.

Guideline values in Nerkundram

Nerkundram village has 476 streets under the Virugambakkam SRO, with guideline values 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 the same as the current value for THANTHAI PERIYAR NAGAR - Barathiar Salai.

Stamp duty and registration fee for property in THANTHAI PERIYAR NAGAR - Barathiar 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, totaling Rs 1,98,000. It is important to note that 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 - Barathiar Salai?

The Sub Registrar Office that covers THANTHAI PERIYAR NAGAR - Barathiar 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 information.

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

The guideline value is a crucial factor when registering property transactions in Nerkundram. It serves as a reference point for determining the stamp duty and registration fees applicable to the property. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that all transactions are fairly assessed according to the established values set by the registration department.

Frequently asked questions

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

The current guideline value for THANTHAI PERIYAR NAGAR - Barathiar 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 this period.

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 would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers this street?

The Virugambakkam Sub Registrar Office covers THANTHAI PERIYAR NAGAR - Barathiar Salai, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

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

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