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Guideline Value

Corporate

Guideline Value for Valliammai Nagar Main Road

₹2750/sq.ft.

The guideline value for Valliammai Nagar Main Road in Nerkundram village (Virugambakkam SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nerkundram

Village

Virugambakkam

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹600 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹500 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹338 /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 Valliammai Nagar Main Road

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Valliammai Nagar Main Road guideline value

The current guideline value of Valliammai Nagar Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This road is located in Nerkundram village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Valliammai Nagar Main Road has changed

The guideline value for Valliammai Nagar Main Road has seen several revisions over the years. In 2002, the guideline value was Rs 338 per sq.ft, which increased to Rs 500 per sq.ft in 2003, marking a 48% rise. By 2007, the value further increased to Rs 600 per sq.ft, reflecting a 20% change. The value then saw a significant jump to Rs 2,500 per sq.ft in 2012, which was a 317% increase. However, it decreased to Rs 1,675 per sq.ft in 2017, showing a decline of 33%. The value rose again to Rs 2,500 per sq.ft in 2023, and finally reached Rs 2,750 per sq.ft in 2024, representing a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 714%. There are no figures available in the register for the years not listed for this street.

Guideline values in Nerkundram

Nerkundram has a total of 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 guideline value for the village is Rs 2,200 per sq.ft, placing Valliammai Nagar Main Road above this median.

Stamp duty and registration fee for property in Valliammai Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, leading to a total cost of Rs 2,47,500. 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 more precise calculations.

Which Sub Registrar Office covers Valliammai Nagar Main Road?

The Valliammai Nagar Main Road 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 information.

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

The guideline value is a crucial factor in property transactions in Nerkundram. It serves as a benchmark for determining the minimum price at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees.

During the registration process, the buyer must ensure that the sale price is equal to or higher than the guideline value. This ensures compliance with local regulations and helps in the accurate assessment of fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Valliammai Nagar Main Road?

The current guideline value of Valliammai Nagar Main Road is Rs 2,750 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 338 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, showing an overall increase of 714% over the years.

What is the stamp duty rate for property in Valliammai Nagar Main Road?

The stamp duty rate for property in Valliammai Nagar Main Road is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Valliammai Nagar Main Road?

The Sub Registrar Office covering Valliammai Nagar Main Road is the Virugambakkam SRO, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum price for property registration and to calculate the stamp duty and registration fees during a transaction. It ensures that the sale price meets or exceeds the guideline value for compliance with local regulations.