Guideline Value

Corporate

Guideline Value for NETHAJI NAGAR ALL PHASES/PARTS

₹330/sq.ft.

The guideline value for Nethaji Nagar All Phases/parts in Nanthiambakkam village (Thiruvottiyur SRO, Chennai zone) is Rs 330 per sq.ft, effective 1 July 2024. It was Rs 300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nanthiambakkam

Village

Thiruvottiyur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹330 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹300 /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)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Nethaji Nagar All Phases/parts

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Nethaji Nagar All Phases/Parts guideline value

The current guideline value for Nethaji Nagar All Phases/Parts is Rs 330 per sq.ft, effective from 1 July 2024. This area is located in Nanthiambakkam village, under the Thiruvottiyur SRO, and is classified as Residential Special Type - II.

How the guideline value of Nethaji Nagar All Phases/Parts has changed

The guideline value for Nethaji Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which then decreased to Rs 201 per sq.ft in 2017. However, the value increased significantly to Rs 300 per sq.ft in 2023, and further rose to Rs 330 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value saw a decrease of 33%, but from 2017 to 2023, there was a substantial increase of 49%. Overall, from 2012 to 2024, the guideline value increased by 10%, reflecting the current rate of Rs 330 per sq.ft.

Guideline values in Nanthiambakkam

In Nanthiambakkam, there are 85 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 275 to Rs 770 per sq.ft. The median value for these streets is Rs 330 per sq.ft, which is the same as the guideline value for Nethaji Nagar All Phases/Parts. Below are the guideline values for other streets in Nanthiambakkam:

Stamp duty and registration fee for property in Nethaji Nagar All Phases/Parts

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty is charged at 7%, resulting in Rs 23,100, while the registration fee is 2%, amounting to Rs 6,600. Therefore, the total cost for stamp duty and registration fee together is Rs 29,700. Please note that the 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 more details.

Which Sub Registrar Office covers Nethaji Nagar All Phases/Parts?

The Nethaji Nagar All Phases/Parts falls under the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Nanthiambakkam, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal transactions.

It is important for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements. This value helps in establishing a fair basis for the transaction and aids in avoiding disputes during the registration process.

Frequently asked questions

What is the current guideline value of Nethaji Nagar All Phases/Parts?

The current guideline value of Nethaji Nagar All Phases/Parts is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then increased to Rs 300 per sq.ft in 2023, and finally to Rs 330 per sq.ft in 2024.

What is the land classification of Nethaji Nagar?

Nethaji Nagar is classified as Residential Special Type - II, which defines its use for residential purposes within the area.

Where can I find the Thiruvottiyur Sub Registrar Office?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the stamp duty calculated for properties in Nethaji Nagar?

Stamp duty for properties in Nethaji Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applied to the same value.