Guideline Value for NARAYANASAMY THOTTAM
₹4900/sq.ft.
The guideline value for Narayanasamy Thottam 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 | ₹900 /sq.ft. |
| From 1-4-2003 To 31-7-2007 | ₹870 /sq.ft. |
| From 1-4-2002 To 31-3-2003 | ₹783 /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]
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Narayanasamy Thottam guideline value
The current guideline value of Narayanasamy Thottam 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 has changed
The guideline value of Narayanasamy Thottam has seen several revisions over the years. The earliest recorded value was Rs 783 per sq.ft in 2002, which increased to Rs 870 per sq.ft in 2003, marking an increase of 11%. Following this, the value rose to Rs 900 per sq.ft in 2007, a change of 3%. The 2012 revision set the value at Rs 4,500 per sq.ft, a significant increase of 400%. However, the value dropped to Rs 3,015 per sq.ft in 2017, reflecting a decrease of 33%. The 2023 revision brought the value back up to Rs 4,500 per sq.ft, and the most recent revision in 2024 set it at Rs 4,900 per sq.ft, which is a 9% increase from the previous year.
Overall, from 2002 to 2024, the guideline value has increased by 526%. It is important to note that there are no figures available for the years not mentioned in the register for this street.
Guideline values in Mylapore
In Mylapore village, there are 883 streets under the Mylapore SRO with 2024 figures ranging from Rs 3,300 to Rs 25,800 per sq.ft, with a median value of Rs 8,800 per sq.ft. Narayanasamy Thottam's 2024 guideline value is below this median.
- Narayanasamy Thottam 1st Lane: Rs 4,900 per sq.ft (2024)
- Narayanasamy Thottam 1st Street: Rs 6,000 per sq.ft (2024)
- Narayanasamy Thottam 2nd Lane: Rs 4,900 per sq.ft (2024)
- Narayanasamy Thottam 2nd Street: Rs 6,000 per sq.ft (2024)
- Narayanasamy Thottam 3rd Lane: Rs 4,900 per sq.ft (2024)
- Narayanasamy Thottam 3rd Street: Rs 6,000 per sq.ft (2024)
Stamp duty and registration fee for property in Narayanasamy Thottam
For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total to Rs 4,41,000. It is important to 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 Narayanasamy Thottam?
The Sub Registrar Office that covers Narayanasamy Thottam 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 details.
How the guideline value is used when you buy or sell in Mylapore
The guideline value is a crucial factor when registering property transactions in Mylapore. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay during the registration process.
When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives appropriate revenue from property transactions in the area.
Frequently asked questions
What is the current guideline value of Narayanasamy Thottam?
The current guideline value of Narayanasamy Thottam 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 783 per sq.ft in 2002 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 526% over this period.
What is the stamp duty rate in Narayanasamy Thottam?
The stamp duty rate in Narayanasamy Thottam is 7% of the guideline value or sale price, whichever is higher.
Where can I find the Sub Registrar Office for Narayanasamy Thottam?
The Sub Registrar Office for Narayanasamy Thottam is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.
What is the registration fee for property transactions in Narayanasamy Thottam?
The registration fee for property transactions in Narayanasamy Thottam is 2% of the guideline value or sale price, whichever is higher.
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