Guideline Value

Corporate

Guideline Value for NARAYANASAMY THOTTAm 4th lane

₹4900/sq.ft.

The guideline value for Narayanasamy Thottam 4th 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 4th Lane

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NARAYANASAMY THOTTAm 4th lane guideline value

The current guideline value of NARAYANASAMY THOTTAm 4th 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 4th lane has changed

The guideline value for NARAYANASAMY THOTTAm 4th lane has seen several revisions over the years. In 2002, the value was Rs 498 per sq.ft, which increased to Rs 554 per sq.ft in 2003. The value then rose significantly to Rs 1,000 per sq.ft in 2007, followed by a substantial jump to Rs 4,500 per sq.ft in 2012. However, it decreased to Rs 3,015 per sq.ft in 2017. The value was revised to Rs 4,500 per sq.ft in 2023, and most recently, it has been set at Rs 4,900 per sq.ft for 2024. The overall change from 2002 to 2024 is an increase of 884%.

From 2017 to 2023, the value increased by 49%, while there was a decrease of 33% from 2012 to 2017. The jump from 2007 to 2012 was a remarkable 350%, and from 2002 to 2003, it increased by 11%. The latest revision from 2023 to 2024 reflects a 9% increase.

Guideline values in Mylapore

Mylapore village has a total of 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 for these streets is Rs 8,800 per sq.ft, placing NARAYANASAMY THOTTAm 4th lane below this median.

Stamp duty and registration fee for property in NARAYANASAMY THOTTAm 4th 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 fees together 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.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers NARAYANASAMY THOTTAm 4th lane?

The NARAYANASAMY THOTTAm 4th lane falls under the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018. To find your SRO, you can visit find your SRO.

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 minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps to establish a fair transaction price. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of NARAYANASAMY THOTTAm 4th lane?

The current guideline value of NARAYANASAMY THOTTAm 4th 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 the years.

What are the stamp duty and registration fees for property in NARAYANASAMY THOTTAm 4th lane?

The total stamp duty is Rs 3,43,000, and the registration fee is Rs 98,000 for a property valued at Rs 49,00,000, bringing the total fees to Rs 4,41,000.

Which Sub Registrar Office covers NARAYANASAMY THOTTAm 4th lane?

The Mylapore Sub Registrar Office covers NARAYANASAMY THOTTAm 4th lane, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum registration value for property transactions, ensuring that appropriate stamp duties and registration fees are collected by the government.