Guideline Value for Nagoorar Thottam 2nd Cross Street

Nagoorar Thottam 2nd Cross Street guideline value

The current guideline value of Nagoorar Thottam 2nd 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, classified as Residential Class II Type - I.

How the guideline value of Nagoorar Thottam 2nd Cross Street has changed

The guideline value for Nagoorar Thottam 2nd Cross Street has undergone several revisions over the years. The earliest recorded revision was in 2007, where the value was set at Rs 600 per sq.ft. This figure increased significantly to Rs 1,200 per sq.ft in 2012, marking a 100% rise. The latest revision in 2024 saw the value further increase to Rs 1,300 per sq.ft, which is an 8% increase from the 2012 figure.

There are no figures available for the years 2002, 2003, 2017, and 2023 in the register 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. The median value for these streets is Rs 1,600 per sq.ft, placing Nagoorar Thottam 2nd Cross Street's 2024 figure below this median.

• Nagoorar Thottam 1st Main Road: Rs 1,300 per sq.ft (2024)
• Nagoorar Thottam 2nd Main Road: Rs 1,300 per sq.ft (2024)
• Nagoorar Thottam 10th Cross Street: Rs 1,300 per sq.ft (2024)
• Nagoorar Thottam 3rd Cross Street: Rs 1,300 per sq.ft (2024)
• Nagooram Thottam 1st 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 2nd 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 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, bringing the total to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nagoorar Thottam 2nd Cross Street?

The Sub Registrar Office that covers Nagoorar Thottam 2nd 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 an essential factor during property registration in Tondaiarpet. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When buying or selling property, the guideline value helps in assessing the stamp duty and registration fees applicable. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Nagoorar Thottam 2nd Cross Street?

The current guideline value of Nagoorar Thottam 2nd 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 1,200 per sq.ft in 2012, and then to Rs 1,300 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2017, and 2023.

What is the land classification for this street?

Nagoorar Thottam 2nd Cross Street is classified as Residential Class II Type - I. This classification indicates the type of development permissible in the area.

What are the stamp duty and registration fees for property 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. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Nagoorar Thottam 2nd Cross Street?

The Sub Registrar Office for Nagoorar Thottam 2nd Cross Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.