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Guideline Value

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Guideline Value for G.N.CHETTY ROAD(PART 1 ANNA FLY OVER TO DR. NAIR ROAD)

₹27500/sq.ft.

The guideline value for G.n.chetty Road(part 1 Anna Fly Over To Dr. Nair 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 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 G.n.chetty Road(part 1 Anna Fly Over To Dr. Nair Road)

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G.N.Chetty Road(Part 1 Anna Fly Over To Dr. Nair Road) guideline value

The current guideline value for G.N.Chetty Road(Part 1 Anna Fly Over To Dr. Nair Road) is Rs 27,500 per sq.ft, effective from 1 July 2024. This street is located in Tnagar village under the Thiyagaraya nagar SRO, and it is classified as Commercial Special Type - I.

How the guideline value of G.N.Chetty Road(Part 1 Anna Fly Over To Dr. Nair Road) has changed

The guideline value for G.N.Chetty Road(Part 1 Anna Fly Over To Dr. Nair Road) has seen significant changes over the years. In 2007, the value was Rs 7,632 per sq.ft. This increased to Rs 25,000 per sq.ft in 2012, marking a substantial rise of 228%. However, it dropped to Rs 16,750 per sq.ft in 2017, a decrease of 33%. The value then surged to Rs 25,000 per sq.ft in 2023, an increase of 49%, before reaching the current value of Rs 27,500 per sq.ft in 2024, reflecting a 10% rise.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 260%.

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 for these streets is Rs 11,000 per sq.ft, placing G.N.Chetty Road(Part 1 Anna Fly Over To Dr. Nair Road) above this median.

Stamp duty and registration fee for property in G.N.Chetty Road(Part 1 Anna Fly Over To Dr. Nair 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 cost to Rs 24,75,000. Please 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 information.

Which Sub Registrar Office covers G.N.Chetty Road(Part 1 Anna Fly Over To Dr. Nair Road)?

The G.N.Chetty Road(Part 1 Anna Fly Over To Dr. Nair Road) is covered by 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 crucial factor when registering properties in Tnagar. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is documented according to the prescribed rates.

When a buyer or seller engages in a property transaction, the guideline value helps determine the legal obligations and costs associated with the registration process. It is essential for both parties to be aware of this value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value for G.N.Chetty Road(Part 1 Anna Fly Over To Dr. Nair Road)?

The current guideline value for G.N.Chetty Road(Part 1 Anna Fly Over To Dr. Nair Road) is Rs 27,500 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2007?

Since 2007, the guideline value has increased from Rs 7,632 per sq.ft to Rs 27,500 per sq.ft in 2024, marking an overall increase of 260%.

What is the land classification for G.N.Chetty Road(Part 1 Anna Fly Over To Dr. Nair Road)?

The land classification for G.N.Chetty Road(Part 1 Anna Fly Over To Dr. Nair Road) is Commercial Special Type - I.

Where can I find the Thiyagaraya nagar Sub Registrar Office?

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

How is the stamp duty calculated for properties in Tnagar?

Stamp duty in Tnagar is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 2,75,00,000, the stamp duty would be Rs 19,25,000 at a rate of 7%.