Guideline Value

Corporate

Guideline Value for NEW STREET (School)

₹7700/sq.ft.

The guideline value for New Street (school) in Mambalam village (Thiyagaraya Nagar SRO, Chennai zone) is Rs 7700 per sq.ft, effective 1 July 2024. It was Rs 7000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mambalam

Village

Thiyagaraya Nagar

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹7700 /sq.ft.
From 1-4-2023 ₹7000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4690 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹7000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹765 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹689 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

27/14,vetnari Hospital Road Panpet Nandhanam Chennai-35
044-24340958
[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 New Street (school)

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NEW STREET (School) guideline value

The current guideline value for NEW STREET (School) in Mambalam village, under the Thiyagaraya nagar SRO, is Rs 7,700 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - II land classification.

How the guideline value of NEW STREET (School) has changed

The guideline value for NEW STREET (School) has seen significant changes over the years. The register shows that in 2002, the value was Rs 689 per sq.ft, which increased to Rs 765 per sq.ft in 2003, marking a rise of 11%. By 2007, the value surged to Rs 1,500 per sq.ft, representing a 96% increase. The value then experienced a remarkable jump to Rs 7,000 per sq.ft in 2012, reflecting a 367% increase. However, in 2017, the value decreased to Rs 4,690 per sq.ft, a decline of 33%. The value then rose again to Rs 7,000 per sq.ft in 2023, and finally reached Rs 7,700 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1018%. The register has no figures for the revisions in years other than those specified.

Guideline values in Mambalam

In Mambalam, there are 163 streets under the Thiyagaraya nagar SRO with a guideline value for 2024 ranging from Rs 4,400 to Rs 22,000 per sq.ft. The median value is Rs 6,600 per sq.ft, and NEW STREET (School) is above this median.

Stamp duty and registration fee for property in NEW STREET (School)

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value amounts to Rs 77,00,000. The stamp duty at 7% would be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, bringing the total to Rs 6,93,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers NEW STREET (School)?

The Sub Registrar Office that covers NEW STREET (School) is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Mambalam. It determines the minimum value at which properties can be registered and is used to calculate the stamp duty and registration fees that buyers must pay during a transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, reflecting the market conditions of the area. This value is essential for both buyers and sellers to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value for NEW STREET (School)?

The current guideline value for NEW STREET (School) is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 689 per sq.ft in 2002 to Rs 7,700 per sq.ft in 2024, showing an overall increase of 1018% over this period.

What is the land classification for NEW STREET (School)?

NEW STREET (School) falls under the Residential Class I Type - II land classification.

What are the stamp duty and registration fees for a property in NEW STREET (School)?

For a property valued at Rs 77,00,000, the stamp duty would be Rs 5,39,000 and the registration fee would be Rs 1,54,000, totaling Rs 6,93,000.

Which office handles registrations for NEW STREET (School)?

The Thiyagaraya nagar Sub Registrar Office handles registrations for NEW STREET (School), located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.