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Guideline Value

Corporate

Guideline Value for Veeraragavan (lane) Street

₹4400/sq.ft.

The guideline value for Veeraragavan (lane) Street in Nanganallur village (Alandur SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nanganallur

Village

Alandur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹800 /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)

12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061
044-22240222
[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 Veeraragavan (lane) Street

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Veeraragavan (lane) Street guideline value

The current guideline value of Veeraragavan (lane) Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Nanganallur village under the Alandur SRO, classified as Residential Class I Type - I.

How the guideline value of Veeraragavan (lane) Street has changed

The guideline value for Veeraragavan (lane) Street has seen several revisions over the years. In 2007, the guideline value was Rs 800 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, marking a 400% rise. However, this value decreased to Rs 2,680 per sq.ft in 2017, reflecting a 33% decline. The subsequent revision in 2023 raised the guideline value to Rs 4,000 per sq.ft, and the latest revision in 2024 set it at Rs 4,400 per sq.ft, a 10% increase from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 450%, highlighting the significant changes over the years.

Guideline values in Nanganallur

Nanganallur village has 155 streets under the Alandur SRO that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 6,600 per sq.ft, with a median value of Rs 3,900 per sq.ft. The guideline value of Veeraragavan (lane) Street is above this median.

Stamp duty and registration fee for property in Veeraragavan (lane) Street

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Veeraragavan (lane) Street?

The Sub Registrar Office covering Veeraragavan (lane) Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial figure used in the registration process for property transactions in Nanganallur. It helps determine the stamp duty and registration fees payable when buying or selling property, ensuring that both the buyer and seller have a clear understanding of the costs involved.

When a property is registered, the guideline value serves as a benchmark to assess the transaction value. This means that buyers should be aware of the guideline value to ensure they are paying a fair price and to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Veeraragavan (lane) Street?

The current guideline value of Veeraragavan (lane) Street is Rs 4,400 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 800 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting a total increase of 450% over the years.

What is the land classification for Veeraragavan (lane) Street?

Veeraragavan (lane) Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

Where can I find the registration office for Veeraragavan (lane) Street?

The registration office for Veeraragavan (lane) Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is the stamp duty calculated for properties in Nanganallur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 44,00,000, the stamp duty would be calculated at 7% of that amount.