Guideline Value for Nagoorar Thottam 6th Main Road

Nagoorar Thottam 6th Main Road guideline value

The current guideline value of Nagoorar Thottam 6th 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 6th Main Road has changed

The guideline value for Nagoorar Thottam 6th Main Road has undergone several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 1,200 per sq.ft. This decreased to Rs 804 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2024, the value increased significantly to Rs 1,300 per sq.ft, representing a rise of 62%. Overall, comparing the 2012 and 2024 revisions, there is a slight increase of 8%.

There are no recorded figures for the years 2002, 2003, 2007, and 2023 for this street in the guideline value register.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that carry 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, indicating that the guideline value for Nagoorar Thottam 6th Main Road is below this median.

• Nagoorar Thottam 6th Cross Street: Rs 1,300 per sq.ft (2024)
• Nagoorar Thottam 7th Cross Street: Rs 1,300 per sq.ft (2024)
• Nagoorar Thottam 5th Main Road: Rs 1,300 per sq.ft (2024)
• Nagoorar Thottam 8th Cross Street: Rs 1,300 per sq.ft (2024)
• Nagoorar Thottam 5th Cross Street: Rs 1,300 per sq.ft (2024)
• Nagoorar Thottam 9th Cross Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Nagoorar Thottam 6th 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, charged at 7%, amounts to Rs 91,000, while the registration fee at 2% is Rs 26,000. Together, the total cost for these fees would be Rs 1,17,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nagoorar Thottam 6th Main Road?

The Sub Registrar Office that covers Nagoorar Thottam 6th Main Road is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in the registration of property transactions in Tondaiarpet. It serves as a benchmark for determining the minimum value at which a property can be registered. When a property is bought or sold, the guideline value is used to calculate the applicable stamp duty and registration fees.

During the registration process, buyers should be aware that the stamp duty is charged based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Nagoorar Thottam 6th Main Road?

The current guideline value of Nagoorar Thottam 6th 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 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, and then increased to Rs 1,300 per sq.ft in 2024. There are no figures recorded for the years 2002, 2003, 2007, and 2023 for this street.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Nagoorar Thottam 6th Main Road?

The Royapuram Sub Registrar Office handles property registrations for Nagoorar Thottam 6th Main Road, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

What is the land classification of Nagoorar Thottam 6th Main Road?

Nagoorar Thottam 6th Main Road is classified as Residential Class II Type - I according to the guideline value register.