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Guideline Value

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Guideline Value for C.I.T. NAGAR FIRST CROSS STREET EASTERN SIDE OF THIRD MAIN ROAD

₹6600/sq.ft.

The guideline value for C.i.t. Nagar First Cross Street Eastern Side Of Third Main Road in Mambalam village (Thiyagaraya Nagar SRO, Chennai zone) is Rs 6600 per sq.ft, effective 1 July 2024. It was Rs 6000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mambalam

Village

Thiyagaraya Nagar

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹6600 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4020 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1500 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

27/14,vetnari Hospital Road Panpet Nandhanam Chennai-35
044-24340958
[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 C.i.t. Nagar First Cross Street Eastern Side Of Third Main Road

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C.I.T. Nagar First Cross Street Eastern Side Of Third Main Road guideline value

The current guideline value for C.I.T. Nagar First Cross Street Eastern Side Of Third Main Road is Rs 6,600 per sq.ft, effective from 1 July 2024. This property is located in Mambalam village, under the Thiyagaraya nagar SRO, and is classified as Residential Class II Type - I.

How the guideline value of C.I.T. Nagar First Cross Street Eastern Side Of Third Main Road has changed

The guideline value for this street has undergone several revisions over the years. The earliest available figure is from 2003, which was Rs 1,500 per sq.ft. This increased to Rs 2,000 per sq.ft in 2007, marking a significant rise of 33%. In 2012, the value was revised to Rs 6,000 per sq.ft, which represented a substantial increase of 200%. However, in 2017, it dropped to Rs 4,020 per sq.ft, reflecting a decrease of 33%. The 2023 revision set the value at Rs 6,000 per sq.ft, and the latest revision in 2024 has increased it to Rs 6,600 per sq.ft, a rise of 10% from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 340%. The register does not contain figures for the year 2002 for this street.

Guideline values in Mambalam

In Mambalam, there are 163 streets under the Thiyagaraya nagar SRO that carry a 2024 guideline value, ranging from Rs 4,400 to Rs 22,000 per sq.ft. The median value is Rs 6,600 per sq.ft, which is equal to the guideline value of C.I.T. Nagar First Cross Street Eastern Side Of Third Main Road.

Stamp duty and registration fee for property in C.I.T. Nagar First Cross Street Eastern Side Of Third Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total to Rs 5,94,000. Please note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers C.I.T. Nagar First Cross Street Eastern Side Of Third Main Road?

The C.I.T. Nagar First Cross Street Eastern Side Of Third Main Road falls under the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Mambalam. It serves as the basis for calculating the stamp duty and registration fees that must be paid at the time of registration.

When buying or selling property, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for C.I.T. Nagar First Cross Street Eastern Side Of Third Main Road?

The current guideline value for C.I.T. Nagar First Cross Street Eastern Side Of Third Main Road is Rs 6,600 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 1,500 per sq.ft in 2003 to Rs 6,600 per sq.ft in 2024, marking an overall increase of 340% over the years.

What is the land classification for this street?

The land classification for C.I.T. Nagar First Cross Street Eastern Side Of Third Main Road is Residential Class II Type - I.

Where is the Thiyagaraya nagar Sub Registrar Office located?

The Thiyagaraya nagar Sub Registrar Office is located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.

How is the stamp duty calculated for properties in Mambalam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 66,00,000, the stamp duty would be calculated accordingly.