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Guideline Value

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Guideline Value for Dr.J.J.Nagar Phase II (Nolambur Housing Scheme, TNHB, LIG,MIG,HIG.etc)

₹8800/sq.ft.

The guideline value for Dr.j.j.nagar Phase Ii (nolambur Housing Scheme, Tnhb, Lig,mig,hig.etc) in 1. Nolambur village (Villivakkam 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 Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

1. Nolambur

Village

Villivakkam

SRO

Commercial Class I Type - I
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 N/A
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)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561092
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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.j.j.nagar Phase Ii (nolambur Housing Scheme, Tnhb, Lig,mig,hig.etc)

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Dr.J.J.Nagar Phase II (Nolambur Housing Scheme, TNHB, LIG,MIG,HIG.etc) guideline value

The current guideline value for Dr.J.J.Nagar Phase II is Rs 8,800 per sq.ft, effective from 1 July 2024. This area is located in Nolambur village under the Villivakkam SRO, classified as Commercial Class I Type - I.

How the guideline value of Dr.J.J.Nagar Phase II (Nolambur Housing Scheme, TNHB, LIG,MIG,HIG.etc) has changed

The guideline value for Dr.J.J.Nagar Phase II has seen significant changes over the years. The 2017 revision recorded a value of Rs 5,360 per sq.ft, which increased to Rs 8,000 per sq.ft in 2023, marking a 49% rise. The latest revision in 2024 has further increased the value to Rs 8,800 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in 1. Nolambur

In 1. Nolambur, there are 73 streets under the Villivakkam SRO with a 2024 guideline value range from Rs 3,300 to Rs 8,800 per sq.ft. The median value for these streets is Rs 7,100 per sq.ft, placing Dr.J.J.Nagar Phase II above this median.

Stamp duty and registration fee for property in Dr.J.J.Nagar Phase II (Nolambur Housing Scheme, TNHB, LIG,MIG,HIG.etc)

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value is 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. 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 Dr.J.J.Nagar Phase II (Nolambur Housing Scheme, TNHB, LIG,MIG,HIG.etc)?

The Sub Registrar Office that covers Dr.J.J.Nagar Phase II is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur EB Office. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 1. Nolambur

The guideline value is a crucial factor when registering property in 1. Nolambur. It is used to determine the stamp duty and registration fees applicable during the transaction, ensuring that the government receives the correct revenue from property sales.

When buying or selling property, the guideline value serves as a benchmark for the minimum price at which a property can be registered. This helps maintain transparency in property transactions and prevents undervaluation.

Frequently asked questions

What is the current guideline value for Dr.J.J.Nagar Phase II?

The current guideline value for Dr.J.J.Nagar Phase II is Rs 8,800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 5,360 per sq.ft to Rs 8,800 per sq.ft in 2024, representing an overall increase of 64%.

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

For a property valued at Rs 88,00,000, the stamp duty would be Rs 6,16,000, and the registration fee would be Rs 1,76,000, totaling Rs 7,92,000.

Which office handles registrations for Dr.J.J.Nagar Phase II?

The Villivakkam Sub Registrar Office handles registrations for Dr.J.J.Nagar Phase II, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the median guideline value for streets in 1. Nolambur?

The median guideline value for streets in 1. Nolambur is Rs 7,100 per sq.ft, with Dr.J.J.Nagar Phase II being above this median at Rs 8,800 per sq.ft.