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Guideline Value

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Guideline Value for THANTHAI PERIYAR NAGAR - Sastri Salai

₹2200/sq.ft.

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

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THANTHAI PERIYAR NAGAR - Sastri Salai guideline value

The current guideline value for THANTHAI PERIYAR NAGAR - Sastri Salai is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Nerkundram village and falls under the Virugambakkam SRO. The land classification is Residential Class IV Type - I.

How the guideline value of THANTHAI PERIYAR NAGAR - Sastri Salai has changed

The guideline value for THANTHAI PERIYAR NAGAR - Sastri Salai has seen several revisions over the years. The earliest recorded figure in the register is from 2002, with a value of Rs 100 per sq.ft. This increased to Rs 111 per sq.ft in 2003, marking a change of +11%. The value rose significantly to Rs 300 per sq.ft in 2007, reflecting a change of +170%. In 2012, the value was Rs 2,000 per sq.ft, which was a decrease of -33% from the previous revision. The next revision in 2017 saw a substantial increase to Rs 1,340 per sq.ft, a change of +49%. The value then increased to Rs 2,000 per sq.ft in 2023, and the most recent revision in 2024 set it at Rs 2,200 per sq.ft, reflecting a change of +10%.

Overall, from 2002 to 2024, the guideline value has increased by +2100%. There are no figures available for any revisions other than those mentioned for this street.

Guideline values in Nerkundram

In Nerkundram, there are 476 streets under the Virugambakkam SRO, with guideline values for 2024 ranging from Rs 1,650 to Rs 6,600 per sq.ft. The median value is Rs 2,200 per sq.ft, which is the same as the guideline value for THANTHAI PERIYAR NAGAR - Sastri Salai.

Stamp duty and registration fee for property in THANTHAI PERIYAR NAGAR - Sastri 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, while the registration fee at 2% would be Rs 44,000. Together, the total cost for stamp duty and registration fees would be 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.

For more information, you can use the stamp duty and registration fee calculator.

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

The THANTHAI PERIYAR NAGAR - Sastri Salai area 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Nerkundram. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration reflects the fair value of the property being transacted.

Frequently asked questions

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

The current guideline value for THANTHAI PERIYAR NAGAR - Sastri 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 Valliammai Salai, Rajeev Gandhi Salai, Palanivel Salai, Nehru Salai, Muthumariamman Salai, and M.G.R. Salai.

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

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

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

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