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Guideline Value

Corporate

Guideline Value for Nagoorar Thottam 1st Main Road

₹1300/sq.ft.

The guideline value for Nagoorar Thottam 1st Main Road 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 Nagoorar Thottam 1st Main Road

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Nagoorar Thottam 1st Main Road guideline value

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

How the guideline value of Nagoorar Thottam 1st Main Road has changed

Since the 2007 revision, the guideline value has seen significant changes. In 2007, the value was Rs 600 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012, marking a 100% rise. The value remained unchanged at Rs 1,200 per sq.ft until the 2023 revision, when it increased to Rs 1,300 per sq.ft, reflecting an 8% increase. Overall, from 2007 to 2024, the guideline value has increased by 117%.

It is important to note that there are no figures available for the years 2002, 2003, and 2017 for this street. The most recent revision in 2024 has set the guideline value at Rs 1,300 per sq.ft.

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. The median guideline value for these streets is Rs 1,600 per sq.ft, indicating that the guideline value for Nagoorar Thottam 1st Main Road is below the median.

Stamp duty and registration fee for property in Nagoorar Thottam 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, making the total charges 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Nagoorar Thottam 1st Main Road?

The Sub Registrar Office that covers Nagoorar Thottam 1st Main Road 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 the stamp duty and registration fees, ensuring that these charges are based on a standardized value set by the authorities.

When a property is sold, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate taxes based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Nagoorar Thottam 1st Main Road?

The current guideline value of Nagoorar Thottam 1st Main Road 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 an overall increase of 117% over the years.

Are there any years with no guideline value for this street?

Yes, there are no figures available for the years 2002, 2003, and 2017 for Nagoorar Thottam 1st Main Road.

What are the registration fees for property in Nagoorar Thottam 1st Main Road?

The registration fees are calculated based on the guideline value. For example, for a 1,000 sq.ft plot, the total registration fees would be Rs 1,17,000, which includes stamp duty and registration fees.

Which office handles registrations for Nagoorar Thottam 1st Main Road?

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