Guideline Value

Corporate

Guideline Value for CORPORATION LINE

₹4400/sq.ft.

The guideline value for Corporation Line in Tnagar village (Thiyagaraya Nagar SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Tnagar

Village

Thiyagaraya Nagar

SRO

Residential Class III Type - III
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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 Corporation Line

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Corporation Line guideline value

The current guideline value for Corporation Line in Tnagar village under the Thiyagaraya nagar SRO is Rs 4,400 per sq.ft, effective from 1 July 2024. This land is classified as Residential Class III Type - III.

How the guideline value of Corporation Line has changed

The guideline value for Corporation Line has undergone several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 4,000 per sq.ft. This figure then decreased to Rs 2,680 per sq.ft in the 2017 revision, marking a decline of 33%. However, the subsequent revision in 2023 saw an increase to Rs 4,000 per sq.ft, followed by another increase to Rs 4,400 per sq.ft in 2024, reflecting a 10% rise from the previous year.

From 2012 to 2024, the overall change in the guideline value is an increase of 10%. The jump from 2017 to 2023 was significant, with a rise of 49%. Notably, there are no recorded figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO, with the 2024 guideline values ranging from Rs 4,400 to Rs 27,500 per sq.ft. The median guideline value in this area is Rs 11,000 per sq.ft, indicating that the current value for Corporation Line is below this median.

Stamp duty and registration fee for property in Corporation Line

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, making the total fees Rs 3,96,000. It is important to note that 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 information.

Which Sub Registrar Office covers Corporation Line?

The Sub Registrar Office that covers Corporation Line 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 details.

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

The guideline value is a critical factor during the registration of property transactions in Tnagar. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is used to calculate the fees, ensuring that the amount reflects the official valuation of the property. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value for Corporation Line?

The current guideline value for Corporation Line is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2012, decreased to Rs 2,680 per sq.ft in 2017, and then increased to Rs 4,000 per sq.ft in 2023, finally reaching Rs 4,400 per sq.ft in 2024.

What is the land classification for Corporation Line?

Corporation Line is classified as Residential Class III Type - III, which indicates its intended use for residential purposes.

What are the stamp duty and registration fees for a property in Corporation Line?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Where can I find the Sub Registrar Office for Corporation Line?

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