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Guideline Value

Corporate

Guideline Value for Nagoorar Thottam 2nd Main Road

₹1300/sq.ft.

The guideline value for Nagoorar Thottam 2nd Main Road in Tondaiarpet village (Royapuram SRO, Chennai zone) is Rs 1300 per sq.ft, effective 1 July 2024. 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 N/A
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 2nd Main Road

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Nagoorar Thottam 2nd Main Road guideline value

The current guideline value of Nagoorar Thottam 2nd Main Road is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village and falls under the Royapuram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Nagoorar Thottam 2nd Main Road has changed

Over the years, the guideline value of Nagoorar Thottam 2nd Main Road has seen several revisions. The earliest recorded figure is from 2007, where it was set at Rs 600 per sq.ft. This value increased significantly to Rs 1,200 per sq.ft in 2012, marking a 100% rise. The next revision in 2024 saw the guideline value reach Rs 1,300 per sq.ft, which is an 8% increase from the 2012 figure.

There are no recorded figures for the years 2002, 2003, 2017, and 2023 for this street. Overall, from 2007 to 2024, the guideline value has increased by 117%.

Guideline values in Tondaiarpet

In Tondaiarpet, there are a total of 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, placing Nagoorar Thottam 2nd Main Road's 2024 figure below that median.

Stamp duty and registration fee for property in Nagoorar Thottam 2nd 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 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, 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.

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

Which Sub Registrar Office covers Nagoorar Thottam 2nd Main Road?

The Sub Registrar Office that covers Nagoorar Thottam 2nd Main Road is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. For more information, you can find your SRO.

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

The guideline value is a critical factor in property transactions in Tondaiarpet. It is used to determine the stamp duty and registration fees that are applicable when buying or selling a property. This value helps ensure that the transaction is recorded accurately and fairly in the official registry.

When a property is sold, the guideline value serves as a benchmark for calculating the necessary fees. Buyers should be aware that the stamp duty and registration fees are based on the higher of the guideline value or the actual sale price, which can impact the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Nagoorar Thottam 2nd Main Road?

The current guideline value of Nagoorar Thottam 2nd Main Road is Rs 1,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2007?

Since 2007, the guideline value has increased from Rs 600 per sq.ft to Rs 1,300 per sq.ft in 2024, representing a total increase of 117%.

What were the guideline values in previous revisions?

The guideline values for Nagoorar Thottam 2nd Main Road are as follows: Rs 600 per sq.ft in 2007, Rs 1,200 per sq.ft in 2012, and Rs 1,300 per sq.ft in 2024. There are no recorded figures for the years 2002, 2003, 2017, and 2023.

What is the median guideline value in Tondaiarpet?

The median guideline value for streets in Tondaiarpet is Rs 1,600 per sq.ft. The guideline value for Nagoorar Thottam 2nd Main Road is below this median.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2%. For example, a 1,000 sq.ft plot at Rs 1,300 per sq.ft would incur a total guideline value of Rs 13,00,000, leading to specific fees based on this value.