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Guideline Value

Corporate

Guideline Value for Vadavenni Amman Nagar 1st Street

₹2200/sq.ft.

The guideline value for Vadavenni Amman Nagar 1st Street 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 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹101 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹91 /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 Vadavenni Amman Nagar 1st Street

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Vadavenni Amman Nagar 1st Street guideline value

The current guideline value for Vadavenni Amman Nagar 1st Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Nerkundram village under the Virugambakkam SRO, classified as Residential Class IV Type - I.

How the guideline value of Vadavenni Amman Nagar 1st Street has changed

The guideline value for Vadavenni Amman Nagar 1st Street has undergone several revisions over the years. Starting from Rs 91 per sq.ft in 2002, it increased to Rs 101 per sq.ft in 2003, marking an 11% rise. The value then saw significant growth, reaching Rs 400 per sq.ft in 2007, which was a 296% increase. In 2012, the guideline value was Rs 2,000 per sq.ft, reflecting a 400% increase from the previous revision. However, this value decreased by 33% to Rs 1,340 per sq.ft in 2017.

From 2017 to 2023, the guideline value surged by 49% to Rs 2,000 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft, representing a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 2,318%.

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 guideline value is Rs 2,200 per sq.ft, which matches the current value for Vadavenni Amman Nagar 1st Street.

Stamp duty and registration fee for property in Vadavenni Amman Nagar 1st Street

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, making the total cost Rs 1,98,000. It is important to note that 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 more details.

Which Sub Registrar Office covers Vadavenni Amman Nagar 1st Street?

The Sub Registrar Office that covers Vadavenni Amman Nagar 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 Nerkundram

When buying or selling property in Nerkundram, the guideline value is a critical factor during the registration process. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

It is essential for buyers and sellers to be aware of the guideline value, as it can impact the overall transaction costs. The guideline value is updated periodically, reflecting changes in the local real estate market.

Frequently asked questions

What is the current guideline value for Vadavenni Amman Nagar 1st Street?

The current guideline value for Vadavenni Amman Nagar 1st Street 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 91 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, with various revisions reflecting increases and a decrease in 2017.

What is the land classification for this street?

Vadavenni Amman Nagar 1st Street is classified as Residential Class IV Type - I, indicating its use for residential purposes.

What are the stamp duty and registration fees for this property?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total cost would be Rs 1,98,000.

Which office handles the registration for this street?

The Virugambakkam Sub Registrar Office handles the registration for Vadavenni Amman Nagar 1st Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.