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Guideline Value

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Guideline Value for THANTHAI PERIYAR NAGAR - Valliammai Salai

₹2200/sq.ft.

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

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THANTHAI PERIYAR NAGAR - Valliammai Salai guideline value

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

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

The guideline value for THANTHAI PERIYAR NAGAR - Valliammai 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. 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 dropped to Rs 1,340 per sq.ft in 2017 before increasing to Rs 2,000 per sq.ft in 2023. The latest revision in 2024 sets the value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 2100%. The revisions for this street do not include any figures for the years not listed, ensuring clarity in the historical changes of the guideline value.

Guideline values in Nerkundram

In Nerkundram, there are 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 - Valliammai Salai.

Stamp duty and registration fee for property in THANTHAI PERIYAR NAGAR - Valliammai 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 fees to Rs 1,98,000. The duty is charged on the higher of the guideline value or the sale price.

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

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

The Sub Registrar Office that covers THANTHAI PERIYAR NAGAR - Valliammai 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 a crucial factor when registering property transactions in Nerkundram. It serves as the basis for calculating stamp duty and registration fees, which are mandatory for all property sales and purchases.

When a property is sold, the higher amount between the guideline value and the sale price is used to determine the applicable duties and fees. This ensures that the government receives the correct revenue from property transactions.

Frequently asked questions

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

The current guideline value for THANTHAI PERIYAR NAGAR - Valliammai 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 are the stamp duty rates for property transactions?

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

Where can I find the Sub Registrar Office for my property?

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

What is the land classification for THANTHAI PERIYAR NAGAR - Valliammai Salai?

The land classification for THANTHAI PERIYAR NAGAR - Valliammai Salai is Residential Class IV Type - I.