Guideline Value for Nagoorar Thottam 5th Main Road

Nagoorar Thottam 5th Main Road guideline value

The current guideline value of Nagoorar Thottam 5th Main Road 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, and is classified as Residential Class II Type - I.

How the guideline value of Nagoorar Thottam 5th Main Road has changed

The guideline value for Nagoorar Thottam 5th Main Road has undergone several revisions over the years. In 2007, the guideline value was Rs 600 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012, marking a 100% increase. However, this value decreased to Rs 804 per sq.ft in 2017, a decline of 33%. The most recent revision in 2024 saw the value rise to Rs 1,300 per sq.ft, reflecting a significant increase of 62% from the 2017 figure.

Overall, the guideline value has increased by 117% from the 2007 revision to the current 2024 figure. It is important to note that there are no recorded figures for the years 2002, 2003, and 2023 for this street.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that have a guideline value for 2024, 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 5th Main Road below the median value.

• Nagoorar Thottam 5th Cross Street: Rs 1,300 per sq.ft (2024)
• Nagoorar Thottam 6th Cross Street: Rs 1,300 per sq.ft (2024)
• Nagoorar Thottam 4th Main Road: Rs 1,300 per sq.ft (2024)
• Nagoorar Thottam 6th Main Road: Rs 1,300 per sq.ft (2024)
• Nagoorar Thottam 4th Cross Street: Rs 1,300 per sq.ft (2024)
• Nagoorar Thottam 7th Cross Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Nagoorar Thottam 5th 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, resulting in a total cost of Rs 1,17,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nagoorar Thottam 5th Main Road?

The Sub Registrar Office that covers Nagoorar Thottam 5th 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 crucial factor when registering property transactions in Tondaiarpet. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a buyer or seller engages in a property transaction, the guideline value helps to establish a fair price for the transaction. This value is particularly important for legal documentation and compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Nagoorar Thottam 5th Main Road?

The current guideline value of Nagoorar Thottam 5th 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 1,300 per sq.ft in 2024, reflecting an overall increase of 117% over this period.

What is the land classification of Nagoorar Thottam 5th Main Road?

Nagoorar Thottam 5th Main Road is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Nagoorar Thottam 5th Main Road is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

How is the stamp duty calculated for properties in this area?

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