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Guideline Value

Corporate

Guideline Value for Valliammai Nagar 5th Street

₹2750/sq.ft.

The guideline value for Valliammai Nagar 5th 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 5th Street

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Valliammai Nagar 5th Street guideline value

The current guideline value of Valliammai Nagar 5th Street is Rs 2,750 per sq.ft. This street is located in Nerkundram village, under the jurisdiction of the Virugambakkam SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Valliammai Nagar 5th Street has changed

Over the years, the guideline value of Valliammai Nagar 5th Street has undergone several revisions. Starting from the 2002 revision, the value was Rs 97 per sq.ft. In 2003, it increased to Rs 400 per sq.ft, marking a significant rise of 312%. The 2007 revision saw another substantial jump to Rs 500 per sq.ft, which was a 25% increase. However, in 2012, the value rose to Rs 2,500 per sq.ft, reflecting a remarkable increase of 400%. The 2017 revision recorded a decrease to Rs 1,675 per sq.ft, a drop of 33%. Following this, the 2023 revision brought the value back up to Rs 2,500 per sq.ft, and the latest 2024 revision has set it at Rs 2,750 per sq.ft, which is a 10% increase from the previous year.

The overall change from the 2002 revision to the 2024 revision shows an increase of 2,735%. Notably, there are no figures available for the revisions in the years not listed above.

Guideline values in Nerkundram

In Nerkundram, there are 476 streets under the Virugambakkam SRO that carry a 2024 guideline value 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, placing Valliammai Nagar 5th Street above this median.

Stamp duty and registration fee for property in Valliammai Nagar 5th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, while the registration fee at 2% would be Rs 55,000. Together, the total cost for stamp duty and registration would be 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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Valliammai Nagar 5th Street?

The Valliammai Nagar 5th 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 in the registration process when buying or selling property in Nerkundram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is considered along with the sale price, and the higher of the two will be used to calculate the applicable duties and fees. This ensures that the registration process is standardized and transparent.

Frequently asked questions

What is the current guideline value of Valliammai Nagar 5th Street?

The current guideline value of Valliammai Nagar 5th 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 significantly 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 the years.

What are the stamp duty and registration fees for properties in Valliammai Nagar 5th Street?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which office handles the registration for Valliammai Nagar 5th Street?

The registration for Valliammai Nagar 5th Street is handled by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for Valliammai Nagar 5th Street?

The land classification for Valliammai Nagar 5th Street is Residential Class III Type - I, indicating its designated use for residential purposes.