Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for THANTHAI PERIYAR NAGAR - Gandhi Salai

₹2200/sq.ft.

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

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

THANTHAI PERIYAR NAGAR - Gandhi Salai guideline value

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

The guideline value for THANTHAI PERIYAR NAGAR - Gandhi Salai has undergone several revisions over the years. Starting from Rs 100 per sq.ft in 2002, it increased to Rs 111 per sq.ft in 2003. The value saw significant growth, reaching Rs 300 per sq.ft in 2007, followed by a dramatic rise to Rs 2,000 per sq.ft in 2012. However, it decreased to Rs 1,340 per sq.ft in 2017, before climbing back to Rs 2,000 per sq.ft in 2023, and finally reaching Rs 2,200 per sq.ft in the 2024 revision.

Between these revisions, notable changes include a 567% increase from 2007 to 2012, a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by 2100%.

Guideline values in Nerkundram

Nerkundram village features 476 streets under the Virugambakkam SRO, with 2024 guideline values ranging from Rs 1,650 to Rs 6,600 per sq.ft. The median value is Rs 2,200 per sq.ft, which aligns with the current value of THANTHAI PERIYAR NAGAR - Gandhi Salai.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total 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, together amounting to Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

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

THANTHAI PERIYAR NAGAR - Gandhi Salai is covered by 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 property transactions within Nerkundram. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must be aware of this value to ensure they comply with legal requirements during the registration process.

When a property is registered, the guideline value is compared to the sale price. The higher of the two figures is used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of THANTHAI PERIYAR NAGAR - Gandhi Salai?

The current guideline value for THANTHAI PERIYAR NAGAR - Gandhi 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 significantly 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 is the role of the Virugambakkam SRO?

The Virugambakkam SRO is responsible for property registrations in the area, including THANTHAI PERIYAR NAGAR - Gandhi Salai. It ensures compliance with legal requirements and collects stamp duty and registration fees.

How is the stamp duty calculated for properties in Nerkundram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. This ensures that the government receives the appropriate revenue during property transactions.

Where can I find more information about the guideline values in Nerkundram?

More information about the guideline values in Nerkundram can be found in the Registration Department's guideline value register, which provides detailed figures for various streets in the area.