Guideline Value

Corporate

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

₹12100/sq.ft.

The guideline value for C.i.t.nagar Fourth 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 Fourth Main Road

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

The current guideline value of C.I.T.Nagar Fourth Main Road is Rs 12,100 per sq.ft, effective from 1 July 2024. This street is located in Mambalam village and falls under the Thiyagaraya nagar SRO. The land classification for this area is Mixed Special Type - II.

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

Over the years, the guideline value for C.I.T.Nagar Fourth Main Road has seen significant changes. The earliest recorded figure is from 2003 at Rs 1,500 per sq.ft. This increased to Rs 2,000 per sq.ft in 2007, marking a 33% rise. The value then surged to Rs 11,000 per sq.ft in 2012, reflecting a substantial increase of 450%. However, it dropped to Rs 7,370 per sq.ft in 2017, a decrease of 33%. The value climbed again to Rs 11,000 per sq.ft in 2023, and most recently, it rose to Rs 12,100 per sq.ft in 2024, a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2003 to 2024, the increase is significant at 707%. It is important to note that the register has no figure for this street in 2002.

Guideline values in Mambalam

In Mambalam, there are 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, placing C.I.T.Nagar Fourth Main Road's 2024 figure above that median.

Stamp duty and registration fee for property in C.I.T.Nagar Fourth 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 amounts to Rs 1,21,00,000. The stamp duty at 7% would be Rs 8,47,000, and the registration fee at 2% would be Rs 2,42,000, bringing the total fees to Rs 10,89,000. It is important to note that 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 C.I.T.Nagar Fourth Main Road?

The Sub Registrar Office that covers C.I.T.Nagar Fourth 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 the registration process when buying or selling property. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of C.I.T.Nagar Fourth 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 and registration fees for properties in this area?

For a property valued at Rs 1,21,00,000, the stamp duty would be Rs 8,47,000 and the registration fee would be Rs 2,42,000, totaling Rs 10,89,000.

Which Sub Registrar Office should I visit for transactions in C.I.T.Nagar Fourth Main Road?

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

Where does C.I.T.Nagar Fourth Main Road stand compared to other streets in Mambalam?

C.I.T.Nagar Fourth Main Road has a guideline value of Rs 12,100 per sq.ft, which is above the median value of Rs 6,600 per sq.ft for other streets in Mambalam under the Thiyagaraya nagar SRO.