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Guideline Value

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Guideline Value for THANTHAI PERIYAR NAGAR - Jeeva Salai Cross Street

₹2200/sq.ft.

The guideline value for Thanthai Periyar Nagar - Jeeva Salai 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 - Jeeva Salai Cross Street

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THANTHAI PERIYAR NAGAR - Jeeva Salai Cross Street guideline value

The current guideline value for THANTHAI PERIYAR NAGAR - Jeeva Salai 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 - Jeeva Salai Cross Street has changed

The guideline value for this street has undergone several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which saw a significant increase to Rs 2,000 per sq.ft in 2012, marking a rise of 567%. However, between 2012 and 2017, the value decreased to Rs 1,340 per sq.ft, a decline of 33%. The 2023 revision brought the value back up to Rs 2,000 per sq.ft, and in 2024, it increased further to Rs 2,200 per sq.ft, reflecting a 10% increase.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2007 revision to the current 2024 figure, the guideline value has risen by 633%. It is important to note that there are no recorded figures for the years 2002 and 2003 for this street.

Guideline values in Nerkundram

Nerkundram has a total of 476 streets under the Virugambakkam SRO, with the 2024 guideline values ranging from Rs 1,650 to Rs 6,600 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, which is equal to the current guideline value for THANTHAI PERIYAR NAGAR - Jeeva Salai Cross Street.

Stamp duty and registration fee for property in THANTHAI PERIYAR NAGAR - Jeeva Salai Cross Street

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, 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 use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers THANTHAI PERIYAR NAGAR - Jeeva Salai Cross Street?

The Sub Registrar Office covering THANTHAI PERIYAR NAGAR - Jeeva Salai 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 details.

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

The guideline value is a crucial factor when registering a property in Nerkundram. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring that the registration process is transparent and fair.

When you buy or sell property, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the higher of the guideline value or the actual sale price, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of THANTHAI PERIYAR NAGAR - Jeeva Salai Cross Street?

The current guideline value for THANTHAI PERIYAR NAGAR - Jeeva Salai 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 from Rs 300 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 633% over the years.

What is the land classification for THANTHAI PERIYAR NAGAR - Jeeva Salai Cross Street?

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

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

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

How is the stamp duty calculated for properties in this area?

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