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Guideline Value

Corporate

Guideline Value for Valliammai Nagar 6th Street

₹2750/sq.ft.

The guideline value for Valliammai Nagar 6th 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 6th Street

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Valliammai Nagar 6th Street guideline value

The current guideline value of Valliammai Nagar 6th Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Nerkundram village, under the Virugambakkam SRO, and falls under the Residential Class III Type - I land classification.

How the guideline value of Valliammai Nagar 6th Street has changed

The guideline value for Valliammai Nagar 6th 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. The value rose further to Rs 500 per sq.ft in 2007, followed by a significant jump to Rs 2,500 per sq.ft in 2012. However, the value decreased to Rs 1,675 per sq.ft in 2017, before climbing to Rs 2,500 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 2,750 per sq.ft.

In terms of changes, from 2002 to 2003, there was a 312% increase. The value then increased by 25% from 2003 to 2007. The jump from 2007 to 2012 was a substantial 400%. However, from 2012 to 2017, there was a decline of 33%. The value saw a 49% increase from 2017 to 2023, and finally, there was a 10% rise from 2023 to 2024. 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 for 2024 ranging from Rs 1,650 to Rs 6,600 per sq.ft. The median value is Rs 2,200 per sq.ft, placing Valliammai Nagar 6th Street above this median.

Stamp duty and registration fee for property in Valliammai Nagar 6th 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 be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, making the total cost for these fees 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 more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Valliammai Nagar 6th Street?

The Valliammai Nagar 6th Street falls under the jurisdiction of the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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

The guideline value is a crucial reference for property transactions in Nerkundram. It serves as a benchmark for calculating stamp duty and registration fees when buying or selling property. This ensures that all transactions are recorded at a consistent value, which is important for legal and taxation purposes.

When you register a property, the guideline value helps determine the amount of tax payable. It is essential for buyers and sellers to be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Valliammai Nagar 6th Street?

The current guideline value of Valliammai Nagar 6th 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, with various increases and one decrease in between.

What is the registration office for Valliammai Nagar 6th Street?

The registration office for Valliammai Nagar 6th 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 Valliammai Nagar 6th Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 1,92,500.

What are the other streets in Nerkundram with the same guideline value?

Other streets in Nerkundram with the same guideline value of Rs 2,750 per sq.ft include Valliammai Nagar 5th Street, 7th Street, 4th Street, 8th Street, 9th Street, and 3rd Street.