Guideline Value

Corporate

Guideline Value for NARAYANASAMY THOTTAM 1ST LANE

₹4900/sq.ft.

The guideline value for Narayanasamy Thottam 1st Lane in Mylapore village (Mylapore SRO, Chennai zone) is Rs 4900 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class V Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mylapore

Village

Mylapore

SRO

Residential Class V Type - II
History
Period Guideline Value
From 1-7-2024 ₹4900 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹554 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹498 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony ,cresent Street Alwarpet,chennai -600018
044-24640344
[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 Narayanasamy Thottam 1st Lane

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Narayanasamy Thottam 1st Lane guideline value

The current guideline value of Narayanasamy Thottam 1st Lane is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, under the Mylapore SRO, and is classified as Residential Class V Type - II.

How the guideline value of Narayanasamy Thottam 1st Lane has changed

The guideline value for Narayanasamy Thottam 1st Lane has seen several revisions over the years. In 2002, the guideline value was Rs 498 per sq.ft, which increased to Rs 554 per sq.ft in 2003, marking an 11% rise. The value continued to rise significantly, reaching Rs 1,000 per sq.ft in 2007, an increase of 81%. By 2012, the value was Rs 4,500 per sq.ft, representing a substantial increase of 350% from the previous revision.

However, the value saw a decline to Rs 3,015 per sq.ft in 2017, a decrease of 33%. The guideline value then increased to Rs 4,500 per sq.ft in 2023, followed by the latest revision to Rs 4,900 per sq.ft in 2024, which is a 9% increase. Overall, from 2002 to 2024, the guideline value has increased by 884%. There are no figures for any other years for this street in the register.

Guideline values in Mylapore

In Mylapore village, there are 883 streets under the Mylapore SRO, with guideline values for 2024 ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median value is Rs 8,800 per sq.ft, making the current value of Narayanasamy Thottam 1st Lane below this median.

Stamp duty and registration fee for property in Narayanasamy Thottam 1st Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total charges to Rs 4,41,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Narayanasamy Thottam 1st Lane?

The Sub Registrar Office covering Narayanasamy Thottam 1st Lane is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Mylapore, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Narayanasamy Thottam 1st Lane?

The current guideline value of Narayanasamy Thottam 1st Lane is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 498 per sq.ft in 2002 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 884% over this period.

What is the classification of the land on Narayanasamy Thottam 1st Lane?

The land classification for Narayanasamy Thottam 1st Lane is Residential Class V Type - II.

What are the other streets in Mylapore and their guideline values?

Other streets in Mylapore include Narayanasamy Thottam 1st Street at Rs 6,000 per sq.ft, Narayanasamy Thottam 2nd Lane at Rs 4,900 per sq.ft, and several others, with values ranging from Rs 4,900 to Rs 6,000 per sq.ft.

Where is the Sub Registrar Office for Narayanasamy Thottam 1st Lane located?

The Sub Registrar Office for Narayanasamy Thottam 1st Lane is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.