Guideline Value for Nagoorar Thottam 3rd Main Road

Nagoorar Thottam 3rd Main Road guideline value

The current guideline value of Nagoorar Thottam 3rd Main Road 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 Nagoorar Thottam 3rd Main Road has changed

In the 2007 revision, the guideline value was Rs 600 per sq.ft. This figure increased significantly to Rs 1,200 per sq.ft in the 2012 revision, marking a 100% increase. The most recent revision in 2024 saw the guideline value rise to Rs 1,300 per sq.ft, which is an 8% increase from the 2012 figure.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 117%. It is important to note that the register does not provide figures for the years 2002, 2003, 2017, and 2023 for this street.

Guideline values in Tondaiarpet

In Tondaiarpet village, there are 1,384 streets under the Royapuram SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value in this area is Rs 1,600 per sq.ft, indicating that Nagoorar Thottam 3rd Main Road's 2024 figure is below that median.

• Nagoorar Thottam 3rd Cross Street: Rs 1,300 per sq.ft (2024)
• Nagoorar Thottam 4th Cross Street: Rs 1,300 per sq.ft (2024)
• Nagoorar Thottam 2nd Main Road: Rs 1,300 per sq.ft (2024)
• Nagoorar Thottam 4th Main Road: Rs 1,300 per sq.ft (2024)
• Nagoorar Thottam 2nd Cross Street: Rs 1,300 per sq.ft (2024)
• Nagoorar Thottam 5th Cross Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Nagoorar Thottam 3rd 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 is charged at 7%, resulting in Rs 91,000, and the registration fee at 2% amounts to Rs 26,000. Together, these fees total 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 3rd Main Road?

The Sub Registrar Office covering Nagoorar Thottam 3rd 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 is a crucial factor in property transactions in Tondaiarpet, as it determines the minimum value at which a property can be registered. When buying or selling property, this value is used to calculate the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the guideline value, as it ensures compliance with legal requirements during the registration process. Understanding the guideline value helps in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Nagoorar Thottam 3rd Main Road?

The current guideline value of Nagoorar Thottam 3rd 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 1,200 per sq.ft in 2012, and then to Rs 1,300 per sq.ft in 2024. This reflects an overall increase of 117% from 2007 to 2024.

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 Nagoorar Thottam 3rd Main Road.

What are the registration fees for property in Nagoorar Thottam 3rd Main Road?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,17,000.

Where is the Sub Registrar Office for Nagoorar Thottam 3rd Main Road located?

The Sub Registrar Office for Nagoorar Thottam 3rd Main Road is located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.