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Guideline Value

Corporate

Guideline Value for Valliammai Nagar 9th Street

₹2750/sq.ft.

The guideline value for Valliammai Nagar 9th 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 ₹600 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹400 /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 9th Street

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Valliammai Nagar 9th Street guideline value

The current guideline value of Valliammai Nagar 9th 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 9th Street has changed

The guideline value for Valliammai Nagar 9th Street has seen several revisions over the years. In 2002, the guideline value was Rs 338 per sq.ft, which increased to Rs 400 per sq.ft in 2003, marking an increase of 18%. The value then rose significantly to Rs 600 per sq.ft in 2007, reflecting a 50% increase. By 2012, the guideline value was Rs 2,500 per sq.ft, which represented a substantial increase of 317%. However, this value dropped to Rs 1,675 per sq.ft in 2017, a decrease of 33%. The guideline value then increased to Rs 2,500 per sq.ft in 2023, followed by a further increase to Rs 2,750 per sq.ft in 2024, which is a 10% rise.

Overall, from 2002 to 2024, the guideline value has increased by 714%. There are no figures available for the revisions in years other than those listed.

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 9th Street's 2024 figure above this median.

Stamp duty and registration fee for property in Valliammai Nagar 9th 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, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Valliammai Nagar 9th Street?

The Valliammai Nagar 9th Street falls under the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. For more information, you can find your SRO.

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

The guideline value is a critical 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 sold, the guideline value is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Valliammai Nagar 9th Street?

The current guideline value of Valliammai Nagar 9th 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 338 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 714% over the years.

What are the stamp duty and registration fees for properties in Valliammai Nagar 9th 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 Sub Registrar Office covers Valliammai Nagar 9th Street?

The Virugambakkam Sub Registrar Office covers Valliammai Nagar 9th Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for Valliammai Nagar 9th Street?

Valliammai Nagar 9th Street is classified as Residential Class III Type - I, which is important for understanding its intended use and development regulations.