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Guideline value, street

Guideline Value for Nri ஃபா¢ஸ்ட் சிட்டி

₹520/sq.ft.effective 1 July 2024

Chennai zone Papparambakkam village Manavalanagar SRO Residential Class Ii Type - I

The guideline value for Nri ஃபா¢ஸ்ட் சிட்டி 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:

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 ஃபா¢ஸ்ட் சிட்டி

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Nri ஃபா¢ஸ்ட் சிட்டி guideline value

The current guideline value of Nri ஃபா¢ஸ்ட் சிட்டி is Rs 520 per sq.ft, effective from 1 July 2024. This property is located in Papparambakkam village, under the jurisdiction of the Manavalanagar SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Nri ஃபா¢ஸ்ட் சிட்டி has changed

The guideline value for Nri ஃபா¢ஸ்ட் சிட்டி has seen several revisions over the years. The 2017 revision set the value at Rs 348 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded Rs 520 per sq.ft. The most recent revision in 2024 maintained this value at Rs 520 per sq.ft, indicating no change from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has also increased by 49%. The register has no figures 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 have 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 current guideline value of Nri ஃபா¢ஸ்ட் சிட்டி.

Stamp duty and registration fee for property in Nri ஃபா¢ஸ்ட் சிட்டி

For a 1,000 sq.ft plot at the current guideline value of Rs 5,20,000, the stamp duty at 7% would be Rs 36,400, and the registration fee at 2% would be Rs 10,400, totaling Rs 46,800. Duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nri ஃபா¢ஸ்ட் சிட்டி?

The Nri ஃபா¢ஸ்ட் சிட்டி area is covered by the Manavalanagar Sub Registrar Office, located at 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 is a crucial factor during the registration of property transactions in Papparambakkam. It serves as a benchmark for calculating the stamp duty and registration fees that buyers must pay when acquiring property in the area.

When buying or selling property, it is essential to consider the guideline value, as it can affect the overall cost of the transaction. Buyers should be aware that the stamp duty is charged based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Nri ஃபா¢ஸ்ட் சிட்டி?

The current guideline value of Nri ஃபா¢ஸ்ட் சிட்டி 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 a 49% increase overall from 2017 to 2024.

What is the land classification for Nri ஃபா¢ஸ்ட் சிட்டி?

The land classification for Nri ஃபா¢ஸ்ட் சிட்டி is Residential Class II Type - I.

Where is the Manavalanagar Sub Registrar Office located?

The Manavalanagar Sub Registrar Office is located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.

How is stamp duty calculated for properties in Nri ஃபா¢ஸ்ட் சிட்டி?

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