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

Guideline Value

Corporate

Guideline Value for G.N.CHETTY ROAD (PART II DR. NAIR ROAD JUNCTION TO SRINIVASAN ROAD)

₹27500/sq.ft.

The guideline value for G.n.chetty Road (part Ii Dr. Nair Road Junction To Srinivasan Road) in Tnagar village (Thiyagaraya Nagar SRO, Chennai zone) is Rs 27500 per sq.ft, effective 1 July 2024. It was Rs 25000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Tnagar

Village

Thiyagaraya Nagar

SRO

Commercial Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹27500 /sq.ft.
From 1-4-2023 ₹25000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹16750 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹25000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹7632 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹4750 /sq.ft.
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 G.n.chetty Road (part Ii Dr. Nair Road Junction To Srinivasan Road)

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

G.N.Chetty Road (Part II Dr. Nair Road Junction To Srinivasan Road) guideline value

The current guideline value of G.N.Chetty Road (Part II Dr. Nair Road Junction To Srinivasan Road) is Rs 27,500 per sq.ft, effective from 1 July 2024. This road is located in Tnagar village and falls under the Thiyagaraya nagar SRO, with a land classification of Commercial Special Type - I.

How the guideline value of G.N.Chetty Road (Part II Dr. Nair Road Junction To Srinivasan Road) has changed

The guideline value for G.N.Chetty Road (Part II Dr. Nair Road Junction To Srinivasan Road) has seen several revisions over the years. In 2003, the value was Rs 4,750 per sq.ft, which increased to Rs 7,632 per sq.ft in 2007. Following that, the value rose significantly to Rs 25,000 per sq.ft in 2012, but then decreased to Rs 16,750 per sq.ft in 2017. The value then increased substantially to Rs 25,000 per sq.ft in 2023, and finally reached Rs 27,500 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 479%. It is important to note that the register has no figure for this street in 2002.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO with a 2024 guideline value ranging from Rs 4,400 to Rs 27,500 per sq.ft. The median value is Rs 11,000 per sq.ft, indicating that G.N.Chetty Road (Part II Dr. Nair Road Junction To Srinivasan Road) is above this median.

Stamp duty and registration fee for property in G.N.Chetty Road (Part II Dr. Nair Road Junction To Srinivasan Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 27,500 per sq.ft, the total guideline value amounts to Rs 2,75,00,000. The stamp duty at 7% would be Rs 19,25,000, and the registration fee at 2% would be Rs 5,50,000, bringing the total to Rs 24,75,000. It is essential to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers G.N.Chetty Road (Part II Dr. Nair Road Junction To Srinivasan Road)?

The Sub Registrar Office that covers G.N.Chetty Road (Part II Dr. Nair Road Junction To Srinivasan 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 Tnagar

The guideline value is a crucial factor in the registration process when buying or selling property in Tnagar. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that all transactions are in compliance with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of G.N.Chetty Road (Part II Dr. Nair Road Junction To Srinivasan Road)?

The current guideline value of G.N.Chetty Road (Part II Dr. Nair Road Junction To Srinivasan Road) is Rs 27,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,750 per sq.ft in 2003 to Rs 27,500 per sq.ft in 2024, reflecting an overall increase of 479% over the years.

What are the stamp duty and registration fees for properties on this road?

For a property valued at Rs 2,75,00,000, the stamp duty would be Rs 19,25,000 and the registration fee would be Rs 5,50,000, totaling Rs 24,75,000.

Which Sub Registrar Office is responsible for G.N.Chetty Road?

The Thiyagaraya nagar Sub Registrar Office is responsible for G.N.Chetty Road (Part II Dr. Nair Road Junction To Srinivasan Road), located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35.

What is the land classification for G.N.Chetty Road (Part II Dr. Nair Road Junction To Srinivasan Road)?

The land classification for G.N.Chetty Road (Part II Dr. Nair Road Junction To Srinivasan Road) is Commercial Special Type - I.