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Guideline Value

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Guideline Value for THANTHAI PERIYAR NAGAR - Jeeva Salai

₹2200/sq.ft.

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

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THANTHAI PERIYAR NAGAR - Jeeva Salai guideline value

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

The guideline value for THANTHAI PERIYAR NAGAR - Jeeva Salai has seen 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 then rose significantly to Rs 300 per sq.ft in 2007, followed by a substantial jump to Rs 2,000 per sq.ft in 2012. However, it decreased to Rs 1,340 per sq.ft in 2017, before increasing again to Rs 2,000 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 2100%. The revisions have shown significant fluctuations, particularly between 2007 and 2012, where the value increased by 567%, and then a decrease of 33% from 2012 to 2017. There are no figures available for other years in the register 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. The median value is Rs 2,200 per sq.ft, which is equal to the guideline value for THANTHAI PERIYAR NAGAR - Jeeva Salai. Below are the guideline values for other streets in Nerkundram:

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

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, totaling Rs 1,98,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers THANTHAI PERIYAR NAGAR - Jeeva 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 plays a crucial role during the registration of property transactions in Nerkundram. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property. The fees are calculated based on the higher of the guideline value or the sale price of the property.

When a property is registered, the guideline value ensures that the government receives the appropriate revenue from property transactions. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

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

The current guideline value for THANTHAI PERIYAR NAGAR - Jeeva 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 the years.

What are the other streets in Nerkundram with the same guideline value?

Other streets in Nerkundram with a guideline value of Rs 2,200 per sq.ft include Indira Gandhi Salai, Jeeva Salai Cross Street, Gandhi Salai, Barathiar Salai, Kamarajar Salai, and Balavinayagar Salai.

Where is the Sub Registrar Office located for this area?

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

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000, leading to a stamp duty of Rs 1,54,000.