Guideline Value for NADAPAI THOTTAM

Nadapai Thottam guideline value

The current guideline value of Nadapai Thottam is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Thiruvottiyur village, under the Thiruvottiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of Nadapai Thottam has changed

Over the years, the guideline value of Nadapai Thottam has seen significant changes. In the 2007 revision, the rate was Rs 600 per sq.ft, which then increased dramatically to Rs 3,000 per sq.ft in 2012, marking a 400% rise. However, the value fell to Rs 2,010 per sq.ft in the 2017 revision, a decrease of 33%. The value rebounded to Rs 3,000 per sq.ft in 2023, and as of the 2024 revision, it stands at Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 450%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thiruvottiyur

In Thiruvottiyur, there are 177 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 8,600 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, which is equal to the current figure for Nadapai Thottam.

• Nalla Thanneer Odai Kuppam: Rs 2,150 per sq.ft (2024)
• Nandi Odai Street: Rs 2,800 per sq.ft (2024)
• Nataraja Gramani Thottam Street: Rs 3,300 per sq.ft (2024)
• Nehru Nagar: Rs 1,500 per sq.ft (2024)
• Nellikkaran Street: Rs 3,300 per sq.ft (2024)
• Nethaji Nagar /Streets: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Nadapai Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees together to Rs 2,97,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nadapai Thottam?

The Sub Registrar Office that covers Nadapai Thottam is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruvottiyur. It determines the minimum value at which the property can be registered and is used to calculate stamp duty and registration fees.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to assess the applicable duties. This ensures that the registration process aligns with the official valuation of the property as per the guidelines set by the Registration Department.

Frequently asked questions

What is the current guideline value of Nadapai Thottam?

The current guideline value of Nadapai Thottam is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 600 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, an overall increase of 450%.

What is the stamp duty for property in Nadapai Thottam?

The stamp duty for property in Nadapai Thottam is 7% of the guideline value or sale price, whichever is higher.

Where is the Thiruvottiyur Sub Registrar Office located?

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

What is the land classification for Nadapai Thottam?

Nadapai Thottam is classified as Residential Special Type - I according to the guideline value register.