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Guideline Value

Corporate

Guideline Value for NRI ê¤ì¢®

₹520/sq.ft.

The guideline value for Nri ê¤ì¢® in Papparambakkam village (Manavalanagar SRO, Chennai zone) is Rs 520 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

Papparambakkam

Village

Manavalanagar

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹520 /sq.ft.
From 1-4-2023 ₹520 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹348 /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)

Sub Registrar Office, Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002
044_29595957
[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]
Records for a plot on Nri ê¤ì¢®

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NRI ê¤ì¢® guideline value

The current guideline value for NRI ê¤ì¢® is Rs 520 per sq.ft, effective from 1 July 2024. This property is located in Papparambakkam village, under the Manavalanagar SRO, and is classified as Residential Class II Type - I.

How the guideline value of NRI ê¤ì¢® has changed

In the 2017 revision, the guideline value for NRI ê¤ì¢® was Rs 348 per sq.ft. This figure saw a significant increase of 49% by the 2023 revision, where it remained at Rs 520 per sq.ft. The 2024 revision also maintained this value at Rs 520 per sq.ft, reflecting no change from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Papparambakkam

In Papparambakkam, there are 23 streets under the Manavalanagar SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 620 per sq.ft. The median value for these streets is Rs 520 per sq.ft, which is equal to the guideline value for NRI ê¤ì¢®.

Stamp duty and registration fee for property in NRI ê¤ì¢®

For a 1,000 sq.ft plot at the current guideline value of Rs 520 per sq.ft, the total guideline value would be Rs 5,20,000. The stamp duty at 7% would amount to Rs 36,400, while the registration fee at 2% would be Rs 10,400. Together, the total cost for stamp duty and registration fee would be Rs 46,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers NRI ê¤ì¢®?

The NRI ê¤ì¢® property falls under the jurisdiction of the Manavalanagar Sub Registrar Office. The address is Sub Registrar Office, Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Papparambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid. When a buyer or seller engages in a transaction, the guideline value is considered to ensure that the appropriate fees are calculated based on the property's value.

It is essential for buyers and sellers to be aware of the guideline value as it influences the overall cost of property transactions. Understanding the guideline value helps in planning the financial aspects of buying or selling property in Papparambakkam.

Frequently asked questions

What is the current guideline value of NRI ê¤ì¢®?

The current guideline value of NRI ê¤ì¢® is Rs 520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 348 per sq.ft in 2017 to Rs 520 per sq.ft in both 2023 and 2024, marking an overall increase of 49% since 2017.

What are the other streets with guideline values in Papparambakkam?

Other streets in Papparambakkam include Nri ஃபார்ஸட் சிட்டி பேஸ் 3 and Nri ஃபா¢ஸ்ட் சிட்டி, both at Rs 520 per sq.ft, along with Metro City Phase - II at Rs 415 per sq.ft, and others with varying rates.

What is the registration office for NRI ê¤ì¢®?

The registration office for NRI ê¤ì¢® is the Manavalanagar Sub Registrar Office, located on Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.

How is stamp duty calculated for properties in NRI ê¤ì¢®?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 5,20,000, the stamp duty would amount to Rs 36,400.