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Guideline Value

Corporate

Guideline Value for Nagooram Thottam 1st Cross Street

₹1300/sq.ft.

The guideline value for Nagooram Thottam 1st Cross Street in Tondaiarpet village (Royapuram SRO, Chennai zone) is Rs 1300 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Tondaiarpet

Village

Royapuram

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1300 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹600 /sq.ft.
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)

535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.
044-25960108
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Nagooram Thottam 1st Cross Street

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Nagooram Thottam 1st Cross Street guideline value

The current guideline value of Nagooram Thottam 1st Cross Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the Royapuram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Nagooram Thottam 1st Cross Street has changed

Over the years, the guideline value for Nagooram Thottam 1st Cross Street has seen several revisions. The earliest recorded revision was in 2007, setting the value at Rs 600 per sq.ft. This figure remained until the 2012 revision, which kept it at Rs 1,200 per sq.ft. There was no figure recorded for the years 2002, 2003, and 2017. The 2023 revision also maintained the value at Rs 1,200 per sq.ft, but in 2024, it increased to Rs 1,300 per sq.ft, reflecting an 8% increase from the previous year.

From 2007 to 2012, the guideline value saw a significant increase of 100%, and from 2007 to 2024, the overall increase is 117%. The 2024 figure of Rs 1,300 per sq.ft is below the median guideline value of Rs 1,600 per sq.ft for the 1,384 streets in Tondaiarpet under the Royapuram SRO.

Guideline values in Tondaiarpet

The village of Tondaiarpet has a range of guideline values from Rs 1,100 to Rs 10,100 per sq.ft, with a median of Rs 1,600 per sq.ft. Nagooram Thottam 1st Cross Street's 2024 guideline value is below this median.

Stamp duty and registration fee for property in Nagooram Thottam 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nagooram Thottam 1st Cross Street?

The Sub Registrar Office that covers Nagooram Thottam 1st Cross Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Tondaiarpet. It serves as a reference point for calculating stamp duty and registration fees, ensuring that these charges are based on a standardized value set by the Registration Department.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to determine the applicable stamp duty and registration fees. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Nagooram Thottam 1st Cross Street?

The current guideline value of Nagooram Thottam 1st Cross Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, reflecting an overall increase of 117% over this period.

What is the median guideline value in Tondaiarpet?

The median guideline value in Tondaiarpet is Rs 1,600 per sq.ft, which is higher than the current value of Nagooram Thottam 1st Cross Street.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or the sale price, whichever is higher.

Which office handles registrations for Nagooram Thottam 1st Cross Street?

The Royapuram Sub Registrar Office handles registrations for Nagooram Thottam 1st Cross Street, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.