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Guideline Value

Corporate

Guideline Value for Nagoorar Thottam 4th Main Road

₹1300/sq.ft.

The guideline value for Nagoorar Thottam 4th 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 4th Main Road

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Nagoorar Thottam 4th Main Road guideline value

The current guideline value for Nagoorar Thottam 4th 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 4th Main Road has changed

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

It is important to note that there are no recorded figures for this street in the years 2002, 2003, 2017, and 2023. 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, with guideline values ranging from Rs 1,100 to Rs 10,100 per sq.ft as of 2024. The median guideline value for these streets is Rs 1,600 per sq.ft, which means that the 2024 figure for Nagoorar Thottam 4th Main Road is below this median.

Stamp duty and registration fee for property in Nagoorar Thottam 4th 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, making the total cost for these fees 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 more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nagoorar Thottam 4th Main Road?

The Sub Registrar Office that covers Nagoorar Thottam 4th 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 further assistance.

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

The guideline value is a critical factor during the registration of property transactions in Tondaiarpet. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This value helps in establishing a fair and transparent process for property transactions in the region.

Frequently asked questions

What is the current guideline value for Nagoorar Thottam 4th Main Road?

The current guideline value for Nagoorar Thottam 4th 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. There are no recorded figures for the years 2002, 2003, 2017, and 2023.

What is the land classification for Nagoorar Thottam 4th Main Road?

Nagoorar Thottam 4th Main Road is classified as Residential Class II Type - I, which is relevant for determining the guideline value and property usage.

How is stamp duty calculated for properties in Nagoorar Thottam 4th Main Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 91,000.

Where is the Sub Registrar Office for Nagoorar Thottam 4th Main Road located?

The Sub Registrar Office for Nagoorar Thottam 4th Main Road is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.