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Guideline Value

Corporate

Guideline Value for Lock Nagar Huts (Dr. Navalar Nagar)

₹2700/sq.ft.

The guideline value for Lock Nagar Huts (dr. Navalar Nagar) in Triplicane village (Triplicane SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Special Type - V. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Triplicane

Village

Triplicane

SRO

Residential Special Type - V
History
Period Guideline Value
From 1-7-2024 ₹2700 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
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)

No.182 Bharati Salai(pycrafts Road) Royapettah, Chennai-600014
044-28611761
[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 Lock Nagar Huts (dr. Navalar Nagar)

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Lock Nagar Huts (Dr. Navalar Nagar) guideline value

The current guideline value of Lock Nagar Huts (Dr. Navalar Nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024. This property is located in Triplicane village under the Triplicane SRO, classified as Residential Special Type - V.

How the guideline value of Lock Nagar Huts (Dr. Navalar Nagar) has changed

Since the 2012 revision, the guideline value has seen various changes. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in the 2017 revision. Following this, the value increased to Rs 2,500 per sq.ft in 2023, and finally rose to Rs 2,700 per sq.ft in the 2024 revision, marking an 8% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 8%. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO with a 2024 guideline value ranging from Rs 2,700 to Rs 20,900 per sq.ft, where the median value is Rs 6,600 per sq.ft. The guideline value of Lock Nagar Huts (Dr. Navalar Nagar) is below this median.

Stamp duty and registration fee for property in Lock Nagar Huts (Dr. Navalar Nagar)

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, the guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. 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 detailed calculations.

Which Sub Registrar Office covers Lock Nagar Huts (Dr. Navalar Nagar)?

The Sub Registrar Office covering Lock Nagar Huts (Dr. Navalar Nagar) is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai-600014. You can find your SRO for more information.

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

The guideline value is a critical component in the registration process for property transactions in Triplicane. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Lock Nagar Huts (Dr. Navalar Nagar)?

The current guideline value of Lock Nagar Huts (Dr. Navalar Nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What is the classification of land in Lock Nagar Huts (Dr. Navalar Nagar)?

The land classification for Lock Nagar Huts (Dr. Navalar Nagar) is Residential Special Type - V.

Where can I find the Sub Registrar Office for Lock Nagar Huts (Dr. Navalar Nagar)?

The Sub Registrar Office for Lock Nagar Huts (Dr. Navalar Nagar) is located at No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai-600014.

How is the stamp duty calculated for properties in Triplicane?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 27,00,000, the stamp duty would be calculated at 7% of this amount.