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Guideline Value

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Guideline Value for THANTHAI PERIYAR NAGAR - M.G.R. Salai

₹2200/sq.ft.

The guideline value for Thanthai Periyar Nagar - M.g.r. 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 - M.g.r. Salai

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THANTHAI PERIYAR NAGAR - M.G.R. Salai guideline value

The current guideline value for THANTHAI PERIYAR NAGAR - M.G.R. 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 - M.G.R. Salai has changed

The guideline value for THANTHAI PERIYAR NAGAR - M.G.R. 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. Subsequently, the value 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 then decreased to Rs 1,340 per sq.ft in 2017. By 2023, the value had increased to Rs 2,000 per sq.ft, and the latest revision in 2024 set the value at Rs 2,200 per sq.ft.

From the 2017 revision to 2023, there was a notable increase of 49%. The 2012 to 2017 period saw a decrease of 33%, while the 2007 to 2012 period experienced a remarkable increase of 567%. The guideline value increased by 170% from 2003 to 2007 and by 11% from 2002 to 2003. 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 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 matches the guideline value for THANTHAI PERIYAR NAGAR - M.G.R. Salai.

Stamp duty and registration fee for property in THANTHAI PERIYAR NAGAR - M.G.R. 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 amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to 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 further calculations.

Which Sub Registrar Office covers THANTHAI PERIYAR NAGAR - M.G.R. Salai?

The Sub Registrar Office that covers THANTHAI PERIYAR NAGAR - M.G.R. 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 the registration process when buying or selling property in Nerkundram. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately and legally.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees that are payable. This ensures that both the buyer and seller are aware of the financial obligations associated with the transaction.

Frequently asked questions

What is the current guideline value for THANTHAI PERIYAR NAGAR - M.G.R. Salai?

The current guideline value for THANTHAI PERIYAR NAGAR - M.G.R. 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 is the land classification for THANTHAI PERIYAR NAGAR - M.G.R. Salai?

THANTHAI PERIYAR NAGAR - M.G.R. Salai is classified as Residential Class IV Type - I.

Where can I find the registration office for this area?

The registration office for THANTHAI PERIYAR NAGAR - M.G.R. Salai 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 guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at a rate of 7%.