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Guideline Value

Corporate

Guideline Value for Valliammai Nagar 10th Street

₹2750/sq.ft.

The guideline value for Valliammai Nagar 10th 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 N/A
From 1-4-2002 To 31-3-2003 N/A
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 10th Street

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Valliammai Nagar 10th Street guideline value

The current guideline value of Valliammai Nagar 10th 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 10th Street has changed

The guideline value for Valliammai Nagar 10th Street has seen several revisions over the years. In 2007, the guideline value was Rs 500 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2012, marking a 400% rise. However, it then dropped to Rs 1,675 per sq.ft in 2017, a decrease of 33%. From 2017 to 2023, the value rose to Rs 2,500 per sq.ft, reflecting a 49% increase. The most recent revision in 2024 set the guideline value at Rs 2,750 per sq.ft, a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Nerkundram

Nerkundram village has a total of 476 streets under the Virugambakkam SRO with a 2024 guideline value range from Rs 1,650 to Rs 6,600 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing Valliammai Nagar 10th Street above this median.

Stamp duty and registration fee for property in Valliammai Nagar 10th 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, together amounting to 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Valliammai Nagar 10th Street?

The Valliammai Nagar 10th 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 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 applicable to the transaction.

When a property is sold, the guideline value is used to calculate the necessary fees, ensuring that both the buyer and seller comply with the legal requirements set by the Registration Department. This helps in maintaining transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Valliammai Nagar 10th Street?

The current guideline value of Valliammai Nagar 10th 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 500 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, marking a total increase of 450% over the years.

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

Other streets in Nerkundram, such as Valliammai Nagar 11th Street, 1st Street, 2nd Street, 3rd Street, 4th Street, and 5th Street, all have a guideline value of Rs 2,750 per sq.ft in 2024.

What is the stamp duty rate for properties in Valliammai Nagar 10th Street?

The stamp duty rate for properties in Valliammai Nagar 10th Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Valliammai Nagar 10th Street?

The Sub Registrar Office covering Valliammai Nagar 10th Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.