Guideline Value

Corporate

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

₹12100/sq.ft.

The guideline value for C.i.t.nagar Third 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 ₹2105 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1003 /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

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

The current guideline value of C.I.T.Nagar Third Main Road is Rs 12,100 per sq.ft, effective from 1 July 2024. This street 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 Third Main Road has changed

The guideline value for C.I.T.Nagar Third Main Road has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 904 per sq.ft. This increased to Rs 1,003 per sq.ft in 2003, marking a rise of 11%. The value continued to grow significantly, reaching Rs 2,105 per sq.ft in 2007, which was a substantial increase of 110%. By 2012, the value remained at Rs 11,000 per sq.ft, reflecting a 423% increase from the previous figure.

In the subsequent revisions, the guideline value rose to Rs 7,370 per sq.ft in 2017, which was a decrease of 33% from 2012. The value then increased to Rs 11,000 per sq.ft in 2023, followed by a further increase to Rs 12,100 per sq.ft in 2024, which is a 10% rise from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 1238%.

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, with a median value of Rs 6,600 per sq.ft. C.I.T.Nagar Third Main Road's 2024 figure of Rs 12,100 per sq.ft is above this median.

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

For a 1,000 sq.ft plot at the current rate of Rs 12,100 per sq.ft, the 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, totaling Rs 10,89,000. 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 Third Main Road?

The Sub Registrar Office that covers C.I.T.Nagar Third 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 when registering property transactions in Mambalam. It serves as the basis for calculating stamp duty and registration fees, which are essential costs associated with property transactions.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is important for both the buyer and seller. It helps in maintaining transparency in property dealings and ensures compliance with legal requirements.

Frequently asked questions

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

The current guideline value of C.I.T.Nagar Third 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 increased from Rs 904 per sq.ft in 2002 to Rs 12,100 per sq.ft in 2024, marking an overall increase of 1238% over this period.

What is the land classification for C.I.T.Nagar Third Main Road?

C.I.T.Nagar Third Main Road is classified as Mixed Special Type - II according to the land classification system.

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

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

How is stamp duty calculated for properties in C.I.T.Nagar Third Main Road?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a property valued at Rs 1,21,00,000 would incur a stamp duty of Rs 8,47,000 at a rate of 7%.