Guideline Value

Corporate

Guideline Value for Thiruvalluvar 1st Street

₹4950/sq.ft.

The guideline value for Thiruvalluvar 1st Street in Nesapakkam village (Virugambakkam SRO, Chennai zone) is Rs 4950 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nesapakkam

Village

Virugambakkam

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹4950 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹321 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹292 /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 Thiruvalluvar 1st Street

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Thiruvalluvar 1st Street guideline value

The current guideline value of Thiruvalluvar 1st Street in Nesapakkam village, under the Virugambakkam SRO, is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is classified as Residential Special Type - I.

How the guideline value of Thiruvalluvar 1st Street has changed

The guideline value for Thiruvalluvar 1st Street has seen several revisions over the years. In 2002, the value was Rs 292 per sq.ft, which increased to Rs 321 per sq.ft in 2003, marking a 10% rise. The value then rose significantly to Rs 1,100 per sq.ft in 2007, reflecting a 243% increase. Following this, the value experienced a substantial jump to Rs 4,500 per sq.ft in 2012, representing a 309% increase. However, it dropped to Rs 3,015 per sq.ft in 2017, showing a decrease of 33%. The value then increased to Rs 4,500 per sq.ft in 2023, before reaching the current value of Rs 4,950 per sq.ft in 2024, which is a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1595%. There are no figures available for the years not listed in the register for this street.

Guideline values in Nesapakkam

Nesapakkam has a total of 148 streets under the Virugambakkam SRO, with guideline values for 2024 ranging from Rs 2,200 to Rs 7,150 per sq.ft. The median guideline value in the village is Rs 3,300 per sq.ft, positioning Thiruvalluvar 1st Street's 2024 figure above this median.

Stamp duty and registration fee for property in Thiruvalluvar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value amounts to Rs 49,50,000. The stamp duty at 7% would be Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, bringing the total to Rs 4,45,500. Please note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Thiruvalluvar 1st Street?

The Sub Registrar Office that covers Thiruvalluvar 1st 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 information.

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

The guideline value is a crucial factor during the registration of property transactions in Nesapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is officially recorded at a fair value.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees, which are essential components of the registration process. Buyers and sellers should be aware of these values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Thiruvalluvar 1st Street?

The current guideline value of Thiruvalluvar 1st Street is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 292 per sq.ft in 2002 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of 1595% over this period.

What is the land classification for Thiruvalluvar 1st Street?

Thiruvalluvar 1st Street is classified as Residential Special Type - I.

Where can I find the registration office for Thiruvalluvar 1st Street?

The registration office for Thiruvalluvar 1st Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in Thiruvalluvar 1st Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 49,50,000, the stamp duty at 7% would be Rs 3,46,500.