Guideline Value

Corporate

Guideline Value for C.I.T.NAGAR FIFTH MAIN ROAD

₹12100/sq.ft.

The guideline value for C.i.t.nagar Fifth Main Road in Mambalam village (Thiyagaraya Nagar SRO, Chennai zone) is Rs 12100 per sq.ft, effective 1 July 2024. It was Rs 11000 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mambalam

Village

Thiyagaraya Nagar

SRO

Mixed Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹12100 /sq.ft.
From 1-4-2023 ₹11000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹7370 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹11000 /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 Fifth Main Road

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C.I.T.Nagar Fifth Main Road guideline value

The current guideline value of C.I.T.Nagar Fifth Main Road is Rs 12,100 per sq.ft, effective from 1 July 2024. This road is located in Mambalam village, under the Thiyagaraya nagar SRO, and is classified as Mixed Special Type - II.

How the guideline value of C.I.T.Nagar Fifth Main Road has changed

Over the years, the guideline value of C.I.T.Nagar Fifth Main Road has seen significant changes. In the 2003 revision, the value was Rs 1,500 per sq.ft, which increased to Rs 2,000 per sq.ft in 2007. This marked a 33% rise. The value then surged by 450% to reach Rs 11,000 per sq.ft in 2012. However, it dropped by 33% to Rs 7,370 per sq.ft in 2017. The 2023 revision saw a substantial increase of 49%, bringing the value to Rs 11,000 per sq.ft, and the latest revision in 2024 has increased it further by 10% to Rs 12,100 per sq.ft.

It is important to note that there is no figure available for the year 2002 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 707%.

Guideline values in Mambalam

Mambalam has a total of 163 streets under the Thiyagaraya nagar SRO, with guideline values ranging from Rs 4,400 to Rs 22,000 per sq.ft. The median value for these streets is Rs 6,600 per sq.ft, making the 2024 guideline value of C.I.T.Nagar Fifth Main Road significantly higher than the median.

Stamp duty and registration fee for property in C.I.T.Nagar Fifth Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 12,100 per sq.ft, the total guideline value would be Rs 1,21,00,000. The stamp duty at 7% would amount to Rs 8,47,000, and the registration fee at 2% would be Rs 2,42,000, totaling Rs 10,89,000. 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 C.I.T.Nagar Fifth Main Road?

The Sub Registrar Office that covers C.I.T.Nagar Fifth Main Road is 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 property transactions in Mambalam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that all transactions are conducted transparently and fairly.

During the registration process, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives its due revenue from property transactions, while also providing a clear framework for buyers and sellers.

Frequently asked questions

What is the current guideline value of C.I.T.Nagar Fifth Main Road?

The current guideline value of C.I.T.Nagar Fifth Main Road is Rs 12,100 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 12,100 per sq.ft in 2024, reflecting an overall increase of 707% over this period.

What are the stamp duty rates for properties in C.I.T.Nagar Fifth Main Road?

The stamp duty for properties in C.I.T.Nagar Fifth Main Road is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for C.I.T.Nagar Fifth Main Road?

The Sub Registrar Office for C.I.T.Nagar Fifth Main Road is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35.

What is the median guideline value for streets in Mambalam?

The median guideline value for streets in Mambalam is Rs 6,600 per sq.ft, with C.I.T.Nagar Fifth Main Road's 2024 value being significantly higher at Rs 12,100 per sq.ft.