Guideline Value

Corporate

Guideline Value for C.I.T.NAGAR FIRST LINK ROAD

₹5500/sq.ft.

The guideline value for C.i.t.nagar First Link Road in Mambalam village (Thiyagaraya Nagar SRO, Chennai zone) is Rs 5500 per sq.ft, effective 1 July 2024. It was Rs 5000 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

Mambalam

Village

Thiyagaraya Nagar

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹5500 /sq.ft.
From 1-4-2023 ₹5000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3350 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5000 /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 Link Road

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C.I.T.Nagar First Link Road guideline value

The current guideline value of C.I.T.Nagar First Link Road is Rs 5,500 per sq.ft, effective from 1 July 2024. This road is located in Mambalam village and falls under the Thiyagaraya nagar SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of C.I.T.Nagar First Link Road has changed

The guideline value for C.I.T.Nagar First Link Road has seen several revisions over the years. In 2003, the guideline value was Rs 1,500 per sq.ft, which increased to Rs 2,000 per sq.ft in 2007. Following that, the value rose significantly to Rs 5,000 per sq.ft in 2012, but then it decreased to Rs 3,350 per sq.ft in 2017. The value was Rs 5,000 per sq.ft again in 2023, before reaching the current figure of Rs 5,500 per sq.ft in 2024.

Between these revisions, the changes were notable. From 2003 to 2007, there was a 33% increase, followed by a 150% rise from 2007 to 2012. However, there was a decline of 33% from 2012 to 2017. The value then increased by 49% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024. Overall, from 2003 to 2024, the guideline value has increased by 267%.

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 for these streets is Rs 6,600 per sq.ft, indicating that C.I.T.Nagar First Link Road's 2024 figure is below that median.

Stamp duty and registration fee for property in C.I.T.Nagar First Link Road

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, making the total Rs 4,95,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers C.I.T.Nagar First Link Road?

The C.I.T.Nagar First Link 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 during the registration of property transactions in Mambalam. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property sales.

When buying or selling a property, the guideline value is compared to the sale price. The higher of the two values is used to determine the applicable stamp duty and registration fees, which are mandatory for completing the transaction legally.

Frequently asked questions

What is the current guideline value of C.I.T.Nagar First Link Road?

The current guideline value of C.I.T.Nagar First Link Road is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2003 to Rs 5,500 per sq.ft in 2024, with several revisions in between reflecting various increases and decreases.

What is the land classification for C.I.T.Nagar First Link Road?

The land classification for C.I.T.Nagar First Link Road is Residential Class III Type - I.

Where can I find the Sub Registrar Office for C.I.T.Nagar First Link Road?

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

How is the stamp duty calculated for properties in C.I.T.Nagar First Link Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 55,00,000, the stamp duty would be calculated at 7% of this amount.