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Guideline Value

Corporate

Guideline Value for Valliammai Nagar 4th Street

₹2750/sq.ft.

The guideline value for Valliammai Nagar 4th Street 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 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹400 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹97 /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 4th Street

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Valliammai Nagar 4th Street guideline value

The current guideline value of Valliammai Nagar 4th Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Nerkundram village under the Virugambakkam SRO, classified as Residential Class III Type - I.

How the guideline value of Valliammai Nagar 4th Street has changed

The guideline value for Valliammai Nagar 4th Street has seen several revisions over the years. In 2002, the value was Rs 97 per sq.ft, which increased to Rs 400 per sq.ft in 2003, marking a significant rise of 312%. The value further increased to Rs 500 per sq.ft in 2007, a 25% increase. By 2012, the value was Rs 2,500 per sq.ft, reflecting a substantial increase of 400% from the previous revision. However, this value dropped to Rs 1,675 per sq.ft in 2017, a decrease of 33% from 2012.

In 2023, the guideline value rose to Rs 2,500 per sq.ft, and the most recent revision in 2024 set it at Rs 2,750 per sq.ft, representing a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 2,735%.

Guideline values in Nerkundram

In Nerkundram, there are 476 streets under the Virugambakkam SRO, with guideline values ranging from Rs 1,650 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Valliammai Nagar 4th Street's 2024 figure above that median.

Stamp duty and registration fee for property in Valliammai Nagar 4th Street

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, resulting in a total of Rs 2,47,500. It is important to note that 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 Valliammai Nagar 4th Street?

The Valliammai Nagar 4th Street falls under 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 in Nerkundram. It serves as a benchmark for calculating stamp duty and registration fees, ensuring transparency in property transactions. Buyers and sellers must consider this value to comply with the legal requirements during the registration process.

When a property is bought or sold, the guideline value is used to determine the applicable taxes. It is essential to verify the current guideline value to ensure accurate calculations of the costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Valliammai Nagar 4th Street?

The current guideline value of Valliammai Nagar 4th Street 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 from Rs 97 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 2,735% over this period.

What is the classification of Valliammai Nagar 4th Street?

Valliammai Nagar 4th Street is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for Valliammai Nagar 4th Street?

The Sub Registrar Office covering Valliammai Nagar 4th Street is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for property in Valliammai Nagar 4th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a property valued at Rs 27,50,000, the stamp duty at 7% would be Rs 1,92,500.