Guideline Value

Corporate

Guideline Value for NITHYAS GARDEN

₹100/sq.ft.

The guideline value for Nithyas Garden in Kalpakkam village (Ponneri SRO, Chennai zone) is Rs 100 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kalpakkam

Village

Ponneri

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹100 /sq.ft.
From 1-4-2023 ₹100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹67 /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)

9/5,taluk Office Road, Ponneri, Chennai-601204
044-27974517
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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]

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Nithyas Garden guideline value

The current guideline value of Nithyas Garden, located in Kalpakkam village under the Ponneri SRO, is Rs 100 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class II Type - I land classification.

How the guideline value of Nithyas Garden has changed

Looking at the historical revisions, the guideline value for Nithyas Garden has seen significant changes over the years. The 2017 revision set the value at Rs 67 per sq.ft. This figure remained unchanged until the 2023 revision, which also listed the value at Rs 100 per sq.ft. The latest revision in 2024 has kept the guideline value at Rs 100 per sq.ft, indicating a 49% increase from the 2017 figure.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Therefore, the only revisions that reflect changes in the guideline value for Nithyas Garden are from 2017, 2023, and 2024.

Guideline values in Kalpakkam

In Kalpakkam, there are 21 streets under the Ponneri SRO that carry a 2024 guideline value, with values ranging from Rs 100 to Rs 100 per sq.ft. The median guideline value for these streets is Rs 100 per sq.ft, which matches the current guideline value for Nithyas Garden.

Stamp duty and registration fee for property in Nithyas Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty, charged at 7%, would be Rs 7,000, while the registration fee at 2% would be Rs 2,000. Therefore, the total cost for stamp duty and registration would be Rs 9,000. 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 accurate estimates based on your property transaction.

Which Sub Registrar Office covers Nithyas Garden?

The Sub Registrar Office that covers Nithyas Garden is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For more information, you can find your SRO.

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

The guideline value plays a crucial role in property transactions in Kalpakkam. It is used to determine the stamp duty and registration fees payable when buying or selling property. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

When registering a property, it is essential to refer to the latest guideline value to avoid any discrepancies. This value is updated periodically, and it is advisable to check for the most recent figures before proceeding with any property transaction.

Frequently asked questions

What is the current guideline value of Nithyas Garden?

The current guideline value of Nithyas Garden is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Nithyas Garden has increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in both 2023 and 2024, reflecting a 49% increase over this period.

Are there any years without guideline values for Nithyas Garden?

Yes, the register has no figures for the years 2002, 2003, 2007, and 2012 for Nithyas Garden.

What are the stamp duty and registration fees for properties in Nithyas Garden?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 9,000, which includes Rs 7,000 for stamp duty and Rs 2,000 for registration.

Which office handles property registrations for Nithyas Garden?

The Ponneri Sub Registrar Office handles property registrations for Nithyas Garden, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.