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Guideline Value

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Guideline Value for THANTHAI PERIYAR NAGAR - Indira Gandhi Salai

₹2200/sq.ft.

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

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THANTHAI PERIYAR NAGAR - Indira Gandhi Salai guideline value

The current guideline value for THANTHAI PERIYAR NAGAR - Indira Gandhi Salai is Rs 2,200 per sq.ft, effective from 1 July 2024. This property 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 - Indira Gandhi Salai has changed

The guideline value for THANTHAI PERIYAR NAGAR - Indira Gandhi Salai has seen several revisions over the years. Starting with the 2002 revision, the value was Rs 100 per sq.ft. It increased to Rs 111 per sq.ft in 2003, followed by a significant rise to Rs 300 per sq.ft in 2007. The value then saw a remarkable increase to Rs 2,000 per sq.ft in 2012, before dropping to Rs 1,340 per sq.ft in 2017. The 2023 revision set the value at Rs 2,000 per sq.ft, and the most recent 2024 revision has raised it to Rs 2,200 per sq.ft.

In terms of changes, the guideline value increased by 10% from 2023 to 2024. From 2017 to 2023, there was a notable increase of 49%. The value decreased by 33% from 2012 to 2017, while it surged by 567% from 2007 to 2012. The increase from 2003 to 2007 was 170%, and from 2002 to 2003, it was 11%. Overall, from 2002 to 2024, the guideline value has risen by 2100%.

Guideline values in Nerkundram

Nerkundram village has a total of 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 guideline value for these streets is Rs 2,200 per sq.ft, which is equal to the current value for THANTHAI PERIYAR NAGAR - Indira Gandhi Salai.

Stamp duty and registration fee for property in THANTHAI PERIYAR NAGAR - Indira 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 would be 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. Please note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers THANTHAI PERIYAR NAGAR - Indira Gandhi 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 an essential factor in property transactions in Nerkundram. It serves as a benchmark for calculating the stamp duty and registration fees during the sale or purchase of property. Buyers and sellers must refer to the current guideline value to ensure compliance with legal requirements.

When a property is registered, the guideline value is used to determine the applicable taxes. This value is crucial for both buyers and sellers, as it affects the overall cost of the transaction and ensures that the property is valued correctly according to government regulations.

Frequently asked questions

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

The current guideline value for THANTHAI PERIYAR NAGAR - Indira 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 land classification for THANTHAI PERIYAR NAGAR - Indira Gandhi Salai?

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

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in THANTHAI PERIYAR NAGAR - Indira Gandhi Salai is 7% of the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for THANTHAI PERIYAR NAGAR - Indira Gandhi Salai is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.