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Guideline Value

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Guideline Value for CHINNIAH IST STREET NORTHERN SIDE OF EAST JONES ROAD

₹8800/sq.ft.

The guideline value for Chinniah Ist Street Northern Side Of East Jones Road in Mambalam village (Thiyagaraya Nagar SRO, Chennai zone) is Rs 8800 per sq.ft, effective 1 July 2024. It was Rs 8000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mambalam

Village

Thiyagaraya Nagar

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹8800 /sq.ft.
From 1-4-2023 ₹8000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹5360 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹8000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
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 Chinniah Ist Street Northern Side Of East Jones Road

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Chinniah Ist Street Northern Side Of East Jones Road guideline value

The current guideline value for Chinniah Ist Street Northern Side Of East Jones Road is Rs 8,800 per sq.ft, effective from 1 July 2024. This street is located in Mambalam village and falls under the Thiyagaraya nagar SRO, classified as Residential Special Type - II.

How the guideline value of Chinniah Ist Street Northern Side Of East Jones Road has changed

The guideline value for Chinniah Ist Street has undergone several revisions over the years. In 2007, the guideline value was Rs 1,000 per sq.ft. This figure saw a significant increase to Rs 8,000 per sq.ft in 2012, marking a rise of 700%. However, by 2017, the value dropped to Rs 5,360 per sq.ft, a decrease of 33%. The next revision in 2023 set the value at Rs 8,000 per sq.ft, which then increased to Rs 8,800 per sq.ft in 2024, reflecting a 10% rise.

From the 2017 revision to the 2023 revision, the value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 780%. The register has no figures for the years 2002 and 2003 for this street.

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. The guideline value for Chinniah Ist Street is above this median.

Stamp duty and registration fee for property in Chinniah Ist Street Northern Side Of East Jones Road

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 88,00,000. The stamp duty at 7% would be Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, totaling Rs 7,92,000. Please 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 further calculations.

Which Sub Registrar Office covers Chinniah Ist Street Northern Side Of East Jones Road?

The Sub Registrar Office that covers Chinniah Ist Street Northern Side Of East Jones 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 an important factor when registering property transactions in Mambalam. It helps determine the stamp duty and registration fees based on the current valuation of the property.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and reflects the prevailing market conditions. This value is used to calculate the necessary fees that are required during the registration process.

Frequently asked questions

What is the current guideline value for Chinniah Ist Street Northern Side Of East Jones Road?

The current guideline value for Chinniah Ist Street Northern Side Of East Jones Road is Rs 8,800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased significantly, from Rs 1,000 per sq.ft to Rs 8,800 per sq.ft in 2024, marking an overall increase of 780%.

What is the land classification for Chinniah Ist Street Northern Side Of East Jones Road?

The land classification for Chinniah Ist Street Northern Side Of East Jones Road is Residential Special Type - II.

Where can I find the Thiyagaraya nagar Sub Registrar Office?

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

How is the stamp duty calculated for properties in Mambalam?

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 88,00,000 would incur a stamp duty of Rs 6,16,000 at 7%.