Guideline Value for NAGARI ROAD

Nagari Road guideline value

The current guideline value of Nagari Road is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Tiruttani village, under the Thiruttani SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Nagari Road has changed

The guideline value for Nagari Road has undergone several revisions since 2017. In 2017, the value was Rs 469 per sq.ft, which increased to Rs 700 per sq.ft in 2023, marking a significant rise of 49%. The latest revision in 2024 set the guideline value at Rs 770 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO that carry a 2024 guideline value, ranging from Rs 548 to Rs 1,540 per sq.ft. The median guideline value in this area is Rs 825 per sq.ft, which places Nagari Road's 2024 figure below the median.

• Nallakulam Sterrt: Rs 1,099 per sq.ft (2024)
• Nallathanneerkulam Street: Rs 1,099 per sq.ft (2024)
• Narasimhalu Swamy Koil Street: Rs 825 per sq.ft (2024)
• Muslim Street: Rs 825 per sq.ft (2024)
• Murugur: Rs 550 per sq.ft (2024)
• Murugappa Nagar Lane: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Nagari Road

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total charges to Rs 69,300. 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 information.

Which Sub Registrar Office covers Nagari Road?

The Sub Registrar Office that covers Nagari Road is the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during property registration in Tiruttani. It serves as a reference point for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the minimum value at which the property can be registered. This ensures transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of Nagari Road?

The current guideline value of Nagari Road is Rs 770 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 469 per sq.ft to Rs 770 per sq.ft in 2024, representing an overall increase of 64%.

What is the stamp duty on property in Nagari Road?

The stamp duty on property in Nagari Road is charged at a rate of 7% on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Nagari Road located?

The Sub Registrar Office for Nagari Road is located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.

What are the guideline values of other streets in Tiruttani?

Other streets in Tiruttani have varying guideline values, with rates ranging from Rs 548 to Rs 1,540 per sq.ft. For example, Nallakulam Sterrt and Nallathanneerkulam Street both have a guideline value of Rs 1,099 per sq.ft in 2024.