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Guideline Value

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Guideline Value for NAGATHAMMAN KOIL SATHYAVANI MUTHU 5TH LANE

₹2700/sq.ft.

The guideline value for Nagathamman Koil Sathyavani Muthu 5th Lane in Perambur village (Purasaivakkam 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 Class Iii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perambur

Village

Purasaivakkam

SRO

Residential Class III Type - II
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)

93/1, Bricklin Road, Otteri, Chennai- 600 012.
044-26623514
[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 Nagathamman Koil Sathyavani Muthu 5th Lane

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Nagathamman Koil Sathyavani Muthu 5th Lane guideline value

The current guideline value for Nagathamman Koil Sathyavani Muthu 5th Lane is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class III Type - II.

How the guideline value of Nagathamman Koil Sathyavani Muthu 5th Lane has changed

Over the years, the guideline value of Nagathamman Koil Sathyavani Muthu 5th Lane has seen several revisions. The 2012 revision recorded a value of Rs 2,500 per sq.ft, which decreased to Rs 1,675 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,500 per sq.ft in 2023, and then rose again to Rs 2,700 per sq.ft in 2024.

In terms of percentage changes, the jump from 2017 to 2023 was +49%, while the adjustment from 2023 to 2024 was +8%. Overall, from 2012 to 2024, the guideline value has increased by 8%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Perambur

In Perambur, there are 1114 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value for Nagathamman Koil Sathyavani Muthu 5th Lane aligns with this median.

Stamp duty and registration fee for property in Nagathamman Koil Sathyavani Muthu 5th Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. Duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nagathamman Koil Sathyavani Muthu 5th Lane?

The Sub Registrar Office that covers Nagathamman Koil Sathyavani Muthu 5th Lane is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property in the eyes of the law. It is crucial to note that the actual sale price cannot be lower than the guideline value, as this could lead to legal complications during registration.

Frequently asked questions

What is the current guideline value for Nagathamman Koil Sathyavani Muthu 5th Lane?

The current guideline value for Nagathamman Koil Sathyavani Muthu 5th Lane 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 land classification for this street?

Nagathamman Koil Sathyavani Muthu 5th Lane is classified as Residential Class III Type - II.

What are the other streets with the same guideline value?

Other streets in Perambur with the same guideline value of Rs 2,700 per sq.ft include Nagathamman Koil Sathyavani Muthu 4th Lane, 6th Lane, 3rd Lane, 7th Lane, 1st Lane, and 8th Lane.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Nagathamman Koil Sathyavani Muthu 5th Lane is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.