Guideline Value for NEW TOWN
₹1440/sq.ft.
The guideline value for New Town in Nedunkumdram village (Tambaram Joint 1 SRO, Chengalpattu zone) is Rs 1440 per sq.ft, effective 1 July 2024. It was Rs 1307 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Nedunkumdram
Village
Tambaram Joint 1
SRO
Residential Class III Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹1440 /sq.ft. |
| From 1-4-2023 | ₹1307 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹871 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | N/A |
| 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)
No.26,mes Road, East Tambaram, Chennai-600059.
044-22397171
[email protected]
DRO (District Registrar Office)
Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
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[email protected], [email protected]
Records for a plot on New Town
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Tambaram Joint 1 sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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New Town guideline value
The current guideline value of New Town, located in Nedunkumdram village under the Tambaram Joint 1 SRO, is Rs 1,440 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class III Type - I.
How the guideline value of New Town has changed
The guideline value for New Town has seen several revisions over the years. The 2017 revision set the value at Rs 871 per sq.ft, which increased to Rs 1,307 per sq.ft in 2023. The most recent revision in 2024 raised the value to Rs 1,440 per sq.ft, marking a 10% increase from the previous year. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012.
Overall, from 2017 to 2024, the guideline value has increased by 65%. The increase from 2017 to 2023 was 50%, followed by a 10% increase from 2023 to 2024. These changes reflect the adjustments made in the guideline value register.
Guideline values in Nedunkumdram
Nedunkumdram village has a total of 75 streets under the Tambaram Joint 1 SRO, with the 2024 guideline values ranging from Rs 330 to Rs 5,300 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, indicating that New Town's 2024 figure of Rs 1,440 per sq.ft is below this median.
- Ngo Nagar: Rs 1,430 per sq.ft (2024)
- Ngo Nagar Phase I: Rs 1,430 per sq.ft (2024)
- Ngo Nagar Phase I Annex: Rs 1,430 per sq.ft (2024)
- Ngo Nagar Phase II,III,IV: Rs 1,320 per sq.ft (2024)
- Parijatham Nagar: Rs 1,660 per sq.ft (2024)
- Park Land: Rs 1,110 per sq.ft (2024)
Stamp duty and registration fee for property in New Town
For a 1,000 sq.ft plot at the current guideline value of Rs 1,440 per sq.ft, the total guideline value would be Rs 14,40,000. The stamp duty at 7% would amount to Rs 1,00,800, and the registration fee at 2% would be Rs 28,800, bringing the total cost for these fees to Rs 1,29,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.
You can also use the stamp duty and registration fee calculator for more information.
Which Sub Registrar Office covers New Town?
The Sub Registrar Office that covers New Town is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more assistance.
How the guideline value is used when you buy or sell in Nedunkumdram
The guideline value is a crucial factor in the registration process when buying or selling property in Nedunkumdram. It serves as the basis for calculating stamp duty and registration fees, ensuring that these charges are applied fairly based on the property's assessed value.
When a property is registered, the guideline value helps determine the official value of the transaction, which can affect the costs associated with the sale. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the transaction.
Frequently asked questions
What is the current guideline value of New Town?
The current guideline value of New Town is Rs 1,440 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has increased from Rs 871 per sq.ft in 2017 to Rs 1,440 per sq.ft in 2024, reflecting a total increase of 65% over this period.
What is the median guideline value in Nedunkumdram?
The median guideline value in Nedunkumdram is Rs 2,200 per sq.ft, with New Town's value of Rs 1,440 per sq.ft being below this median.
What are the stamp duty rates for property in New Town?
The stamp duty for property in New Town is charged at 7% of the guideline value or sale price, whichever is higher.
Where is the Sub Registrar Office for New Town located?
The Sub Registrar Office for New Town is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.
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