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Guideline Value

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Guideline Value for DR. KALAIGAR KARUNANIDHI NAGAR

₹330/sq.ft.

The guideline value for Dr. Kalaigar Karunanidhi Nagar in Nanthiambakkam village (Thiruvottiyur SRO, Chennai zone) is Rs 330 per sq.ft, effective 1 July 2024. It was Rs 300 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

Nanthiambakkam

Village

Thiruvottiyur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹330 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹50 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹41 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[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 Dr. Kalaigar Karunanidhi Nagar

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Dr. Kalaigar Karunanidhi Nagar guideline value

The current guideline value of Dr. Kalaigar Karunanidhi Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This area is located in Nanthiambakkam village under the Thiruvottiyur SRO, classified as Residential Special Type - II.

How the guideline value of Dr. Kalaigar Karunanidhi Nagar has changed

The guideline value for Dr. Kalaigar Karunanidhi Nagar has undergone several revisions over the years. The earliest recorded figure in the register is from 2003, which was Rs 41 per sq.ft. This value increased to Rs 50 per sq.ft in 2007, followed by a significant jump to Rs 300 per sq.ft in 2012. However, in 2017, the value dropped to Rs 201 per sq.ft. The 2023 revision saw it rise to Rs 300 per sq.ft, and the most recent 2024 revision has set the value at Rs 330 per sq.ft.

Between these revisions, the changes were notable. From 2003 to 2007, the guideline value increased by 22%. There was a substantial increase of 500% from 2007 to 2012. The value then decreased by 33% from 2012 to 2017, followed by a 49% increase from 2017 to 2023. The latest revision from 2023 to 2024 reflects a 10% increase. Overall, from 2003 to 2024, the guideline value has increased by 705%.

Guideline values in Nanthiambakkam

In Nanthiambakkam, there are 85 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 275 to Rs 770 per sq.ft. The median value for these streets is Rs 330 per sq.ft, which is equal to the guideline value of Dr. Kalaigar Karunanidhi Nagar.

Stamp duty and registration fee for property in Dr. Kalaigar Karunanidhi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, making the total fees together Rs 29,700. 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 further calculations.

Which Sub Registrar Office covers Dr. Kalaigar Karunanidhi Nagar?

The Sub Registrar Office that covers Dr. Kalaigar Karunanidhi Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. For more information, you can find your SRO.

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

The guideline value is a crucial factor in determining the stamp duty and registration fees when buying or selling property in Nanthiambakkam. It serves as a reference point for the government to assess the value of the property being transacted, ensuring that the appropriate taxes are collected.

When a property is registered, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the correct amount of revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Dr. Kalaigar Karunanidhi Nagar?

The current guideline value of Dr. Kalaigar Karunanidhi Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 41 per sq.ft in 2003, rising to Rs 330 per sq.ft in 2024, with various increases and decreases in between.

What is the stamp duty rate in Dr. Kalaigar Karunanidhi Nagar?

The stamp duty rate for property transactions in Dr. Kalaigar Karunanidhi Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Dr. Kalaigar Karunanidhi Nagar located?

The Sub Registrar Office for Dr. Kalaigar Karunanidhi Nagar is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What are the other streets in Nanthiambakkam with the same guideline value?

Other streets in Nanthiambakkam with the same guideline value of Rs 330 per sq.ft include Dhanalakshmi Nagar, Devi Nagar, Eswaran Nagar, E.V.R. Periyar Nagar, Ganesh Nagar, and GAYATHIRI AVENUE Annex/Annex Ext/ ALL PHASES.