Guideline Value for Nagoorar Thottam 4th Cross Street

Nagoorar Thottam 4th Cross Street guideline value

The current guideline value of Nagoorar Thottam 4th 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. The land classification for this area is Residential Class II Type - I.

How the guideline value of Nagoorar Thottam 4th Cross Street has changed

The guideline value for Nagoorar Thottam 4th Cross Street has seen several revisions over the years. The earliest recorded figure is from the 2007 revision, which was Rs 600 per sq.ft. This value increased significantly to Rs 1,200 per sq.ft in the 2012 revision, marking a 100% increase. The most recent revision in 2024 set the guideline value at Rs 1,300 per sq.ft, reflecting an 8% increase from the 2012 figure.

There are no recorded figures for the years 2023, 2017, 2003, and 2002 for this street. Overall, from the 2007 revision to the 2024 revision, 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, which ranges 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 the 2024 figure for Nagoorar Thottam 4th Cross Street below this median.

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

Stamp duty and registration fee for property in Nagoorar Thottam 4th Cross Street

For a 1,000 sq.ft plot at the current rate, the 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.

You can use the stamp duty and registration fee calculator for more information on fees.

Which Sub Registrar Office covers Nagoorar Thottam 4th Cross Street?

The Sub Registrar Office that covers Nagoorar Thottam 4th Cross Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. For more details, you can find your SRO.

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

The guideline value plays a crucial role in property transactions in Tondaiarpet. It is utilized to determine the stamp duty and registration fees that are applicable when a property is bought or sold. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

When registering a property, buyers must be aware that the stamp duty is charged on the higher of the guideline value or the sale price. This means that if the sale price exceeds the guideline value, the stamp duty will be calculated based on the sale price.

Frequently asked questions

What is the current guideline value of Nagoorar Thottam 4th Cross Street?

The current guideline value of Nagoorar Thottam 4th 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 increased 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 2023, 2017, 2003, and 2002.

What is the land classification for Nagoorar Thottam 4th Cross Street?

Nagoorar Thottam 4th Cross Street is classified as Residential Class II Type - I. This classification indicates the intended use of the land for residential purposes.

Where can I find the Royapuram Sub Registrar Office?

The Royapuram Sub Registrar Office is located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. This office handles registrations for properties in the area.

How is the stamp duty calculated for properties in Tondaiarpet?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 13,00,000 and the sale price is higher, the duty will be charged based on the sale price.