Guideline Value

Corporate

Guideline Value for MADURAI VAITHYA NATHA IYAR ROAD

₹330/sq.ft.

The guideline value for Madurai Vaithya Natha Iyar Road 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 ₹42 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹37 /sq.ft.
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 Madurai Vaithya Natha Iyar Road

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Madurai Vaithya Natha Iyar Road guideline value

The current guideline value for Madurai Vaithya Natha Iyar Road is Rs 330 per sq.ft. This road is located in Nanthiambakkam village, under the Thiruvottiyur SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Madurai Vaithya Natha Iyar Road has changed

The guideline value for Madurai Vaithya Natha Iyar Road has seen several revisions over the years. In 2002, the value was Rs 37 per sq.ft, which increased to Rs 42 per sq.ft in 2003, marking a 14% rise. By 2007, the value surged to Rs 50 per sq.ft, reflecting a 19% increase. The next revision in 2012 brought the value to Rs 300 per sq.ft, a significant increase of 500%. However, in 2017, it decreased to Rs 201 per sq.ft, showing a decline of 33%. The value then rose to Rs 300 per sq.ft in 2023, before reaching the current value of Rs 330 per sq.ft in 2024, which is a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 792%. There are no figures available for the years not mentioned in the register for this street.

Guideline values in Nanthiambakkam

In Nanthiambakkam, there are 85 streets under the Thiruvottiyur SRO with a 2024 guideline value ranging from Rs 275 to Rs 770 per sq.ft. The median value is Rs 330 per sq.ft, which is equal to the guideline value of Madurai Vaithya Natha Iyar Road.

Stamp duty and registration fee for property in Madurai Vaithya Natha Iyar Road

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, bringing the total to Rs 29,700. Please note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Madurai Vaithya Natha Iyar Road?

The Sub Registrar Office that covers Madurai Vaithya Natha Iyar Road is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Nanthiambakkam. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as per the government standards.

When buying or selling property, it is essential to be aware of the guideline value, as it affects the overall cost of the transaction. Buyers should ensure that they are prepared for the associated fees based on this value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Madurai Vaithya Natha Iyar Road?

The current guideline value of Madurai Vaithya Natha Iyar Road is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, increasing from Rs 37 per sq.ft in 2002 to Rs 330 per sq.ft in 2024, representing an overall increase of 792%.

What is the classification of land on Madurai Vaithya Natha Iyar Road?

The land classification for Madurai Vaithya Natha Iyar Road is Residential Special Type - II.

Where can I find the Thiruvottiyur Sub Registrar Office?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, on a property valued at Rs 3,30,000, the stamp duty would be 7% of that amount.