Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Connection Road in Nethaji Nagar 1st to 2nd Street

₹1300/sq.ft.

The guideline value for Connection Road In Nethaji Nagar 1st To 2nd Street in Tondaiarpet village (Royapuram SRO, Chennai zone) is Rs 1300 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Tondaiarpet

Village

Royapuram

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1300 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹600 /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)

535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.
044-25960108
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Connection Road In Nethaji Nagar 1st To 2nd Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Connection Road in Nethaji Nagar 1st to 2nd Street guideline value

The current guideline value for Connection Road in Nethaji Nagar 1st to 2nd Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village and falls under the Royapuram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Connection Road in Nethaji Nagar 1st to 2nd Street has changed

The guideline value for Connection Road in Nethaji Nagar 1st to 2nd Street has seen several revisions over the years. The earliest recorded figure is from 2007, when the guideline value was Rs 600 per sq.ft. In 2012, it increased to Rs 1,200 per sq.ft, but then decreased to Rs 804 per sq.ft in 2017. Following this, the value rose significantly to Rs 1,200 per sq.ft in 2023, and most recently to Rs 1,300 per sq.ft in 2024, marking an 8% increase from the previous year.

From 2017 to 2023, the increase was substantial at 49%. The change from 2012 to 2017 was a decrease of 33%, while the jump from 2007 to 2012 was a notable 100%. Overall, from 2007 to 2024, the guideline value has increased by 117%. The register has no figure for this street in 2002 and 2003.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, which means that the 2024 figure for Connection Road in Nethaji Nagar 1st to 2nd Street is below the median.

Stamp duty and registration fee for property in Connection Road in Nethaji Nagar 1st to 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Connection Road in Nethaji Nagar 1st to 2nd Street?

The Sub Registrar Office that covers Connection Road in Nethaji Nagar 1st to 2nd Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Tondaiarpet. It serves as a benchmark for determining the minimum value of the property for registration purposes. Buyers and sellers must be aware of this value to ensure compliance with local regulations during the transaction.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. It is essential for both parties to understand that these fees are based on the higher of the guideline value or the sale price, ensuring that the transaction is conducted fairly and transparently.

Frequently asked questions

What is the current guideline value for Connection Road in Nethaji Nagar 1st to 2nd Street?

The current guideline value for Connection Road in Nethaji Nagar 1st to 2nd Street is Rs 1,300 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 600 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, reflecting an overall increase of 117% over this period.

What is the land classification for Connection Road in Nethaji Nagar 1st to 2nd Street?

The land classification for Connection Road in Nethaji Nagar 1st to 2nd Street is Residential Class II Type - I.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 13,00,000, the stamp duty is Rs 91,000 and the registration fee is Rs 26,000, totaling Rs 1,17,000.

Where is the Sub Registrar Office for this street located?

The Sub Registrar Office covering Connection Road in Nethaji Nagar 1st to 2nd Street is located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.