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Guideline Value

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Guideline Value for C.I.T.NAGAR THIRD MAIN ROAD II nd STREET

₹7700/sq.ft.

The guideline value for C.i.t.nagar Third Main Road Ii Nd Street in Mambalam village (Thiyagaraya Nagar SRO, Chennai zone) is Rs 7700 per sq.ft, effective 1 July 2024. It was Rs 7000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mambalam

Village

Thiyagaraya Nagar

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹7700 /sq.ft.
From 1-4-2023 ₹7000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4690 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹7000 /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 ₹904 /sq.ft.
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 Third Main Road Ii Nd Street

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C.I.T.NAGAR THIRD MAIN ROAD II nd STREET guideline value

The current guideline value for C.I.T.NAGAR THIRD MAIN ROAD II nd STREET is Rs 7,700 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 Residential Class I Type - II.

How the guideline value of C.I.T.NAGAR THIRD MAIN ROAD II nd STREET has changed

The guideline value for C.I.T.NAGAR THIRD MAIN ROAD II nd STREET has seen several revisions over the years. In 2002, the value was Rs 904 per sq.ft. It increased to Rs 1,500 per sq.ft in 2003, marking a 66% rise. The value further increased to Rs 2,000 per sq.ft in 2007, reflecting a 33% change. By 2012, the value was Rs 7,000 per sq.ft, showing a significant 250% increase from the previous revision. However, in 2017, it decreased to Rs 4,690 per sq.ft, a drop of 33%.

From 2017 to 2023, the guideline value rose to Rs 7,000 per sq.ft, which is a 49% increase. The most recent revision in 2024 set the value at Rs 7,700 per sq.ft, a 10% increase from the previous year. There are no figures available for the revisions in years not listed in the register.

Guideline values in Mambalam

In Mambalam, there are 163 streets under the Thiyagaraya nagar SRO with 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, placing C.I.T.NAGAR THIRD MAIN ROAD II nd STREET above this median.

Stamp duty and registration fee for property in C.I.T.NAGAR THIRD MAIN ROAD II nd STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value would be Rs 77,00,000. The stamp duty at 7% would amount to Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, bringing the total to Rs 6,93,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers C.I.T.NAGAR THIRD MAIN ROAD II nd STREET?

The Sub Registrar Office that covers C.I.T.NAGAR THIRD MAIN ROAD II nd STREET is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. For more information, you can find your SRO.

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

The guideline value is an essential factor in the registration of property transactions in Mambalam. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property. It is crucial for both buyers and sellers to be aware of these values to make informed decisions during the transaction process.

Frequently asked questions

What is the current guideline value for C.I.T.NAGAR THIRD MAIN ROAD II nd STREET?

The current guideline value for C.I.T.NAGAR THIRD MAIN ROAD II nd STREET is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 904 per sq.ft in 2002 to Rs 7,700 per sq.ft in 2024, showing an overall increase of 752% over the years.

What is the land classification for C.I.T.NAGAR THIRD MAIN ROAD II nd STREET?

The land classification for C.I.T.NAGAR THIRD MAIN ROAD II nd STREET is Residential Class I Type - II.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 77,00,000, the stamp duty would be Rs 5,39,000 and the registration fee would be Rs 1,54,000, totaling Rs 6,93,000.

Where is the Sub Registrar Office for this street located?

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