Guideline Value

Corporate

Guideline Value for NAVARATHINA GARDEN 4TH STREET

₹6610/sq.ft.

The guideline value for Navarathina Garden 4th Street in Ekkaduthangal village (Chennai South Joint I SRO, Chennai zone) is Rs 6610 per sq.ft, effective 1 July 2024. It was Rs 6000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ekkaduthangal

Village

Chennai South Joint I

SRO

Commercial Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹6610 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4020 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹461 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹400 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Navarathina Garden 4th Street

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Navarathina Garden 4th Street guideline value

The current guideline value of Navarathina Garden 4th Street is Rs 6,610 per sq.ft, effective from 1 July 2024. This street is located in Ekkaduthangal village and falls under the Chennai South Joint I SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Navarathina Garden 4th Street has changed

The guideline value for Navarathina Garden 4th Street has seen several revisions over the years. In 2002, the guideline value was Rs 400 per sq.ft, which increased to Rs 461 per sq.ft in 2003, marking a 15% rise. The value then rose significantly to Rs 1,000 per sq.ft in 2007, reflecting a 117% increase. Following this, the value surged to Rs 6,000 per sq.ft in 2012, a substantial 500% increase. However, it decreased to Rs 4,020 per sq.ft in 2017, which was a 33% drop. The value then increased to Rs 6,000 per sq.ft in 2023, and finally, it reached Rs 6,610 per sq.ft in 2024, representing a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1553%. It is important to note that the register has no figures for the years not mentioned above.

Guideline values in Ekkaduthangal

In Ekkaduthangal, there are 190 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 3,080 to Rs 8,800 per sq.ft, with a median value of Rs 4,620 per sq.ft. The guideline value of Navarathina Garden 4th Street is above this median.

Stamp duty and registration fee for property in Navarathina Garden 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,610 per sq.ft, the total guideline value would be Rs 66,10,000. The stamp duty, calculated at 7%, would amount to Rs 4,62,700, and the registration fee at 2% would be Rs 1,32,200. Together, the total fees would be Rs 5,94,900. 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 precise calculations.

Which Sub Registrar Office covers Navarathina Garden 4th Street?

The Sub Registrar Office that covers Navarathina Garden 4th Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Ekkaduthangal. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. It ensures that the transaction is recorded at a fair value as per the government standards.

Buyers and sellers should be aware that the guideline value may differ from the actual sale price. The authorities will charge the stamp duty based on the higher of the guideline value or the sale price, ensuring compliance with the regulations.

Frequently asked questions

What is the current guideline value of Navarathina Garden 4th Street?

The current guideline value of Navarathina Garden 4th Street is Rs 6,610 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 400 per sq.ft in 2002 to Rs 6,610 per sq.ft in 2024, reflecting an overall increase of 1553% over the years.

What are the registration fees for property in Navarathina Garden 4th Street?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 66,10,000, the registration fee would be Rs 1,32,200.

Which office handles the registration for Navarathina Garden 4th Street?

The Chennai South Joint I Sub Registrar Office handles the registration for Navarathina Garden 4th Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How can I calculate stamp duty for properties in Ekkaduthangal?

You can calculate the stamp duty using the stamp duty and registration fee calculator, which will help you determine the fees based on the guideline value or sale price.