Guideline Value for Nagoorar Thottam 10th Cross Street

Nagoorar Thottam 10th Cross Street guideline value

The current guideline value of Nagoorar Thottam 10th Cross Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the jurisdiction of the Royapuram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Nagoorar Thottam 10th Cross Street has changed

Over the years, the guideline value of Nagoorar Thottam 10th Cross Street has seen several revisions. The earliest recorded figure is from 2007, which was Rs 600 per sq.ft. This figure doubled to Rs 1,200 per sq.ft in 2012. The guideline value remained unchanged at Rs 1,200 per sq.ft through 2023. In the 2024 revision, the value increased to Rs 1,300 per sq.ft, marking an 8% rise from the previous year.

Notably, there are no recorded figures for the years 2002, 2003, and 2017 for this street. Overall, from 2007 to 2024, the guideline value has increased by 117%.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 10,100 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value of Nagoorar Thottam 10th Cross Street is below this median.

• Nagooram Thottam 1st Cross Street: Rs 1,300 per sq.ft (2024)
• Nagoorar Thottam 1st Main Road: Rs 1,300 per sq.ft (2024)
• Nagoorar Thottam 2nd Cross Street: Rs 1,300 per sq.ft (2024)
• Nagoorar Thottam 2nd Main Road: Rs 1,300 per sq.ft (2024)
• Nagoorar Thottam 3rd Cross Street: Rs 1,300 per sq.ft (2024)
• Nagoorar Thottam 3rd Main Road: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Nagoorar Thottam 10th 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, making the total cost Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Nagoorar Thottam 10th Cross Street?

The Sub Registrar Office that covers Nagoorar Thottam 10th 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 is a crucial factor during the registration of property transactions in Tondaiarpet. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring transparency and standardization in the property market.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can significantly affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Nagoorar Thottam 10th Cross Street?

The current guideline value of Nagoorar Thottam 10th 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, marking a total increase of 117% over the years.

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

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Which Sub Registrar Office covers this street?

The Royapuram Sub Registrar Office covers Nagoorar Thottam 10th Cross Street, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

What is the land classification for Nagoorar Thottam 10th Cross Street?

Nagoorar Thottam 10th Cross Street is classified as Residential Class II Type - I.