Guideline Value for Nagoorar Thottam 9th Cross Street

Nagoorar Thottam 9th Cross Street guideline value

The current guideline value of Nagoorar Thottam 9th 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 9th Cross Street has changed

The guideline value for Nagoorar Thottam 9th Cross Street has seen several revisions over the years. In 2012, the guideline value was set at Rs 1,200 per sq.ft. This figure decreased to Rs 804 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2024, the guideline value increased significantly by 62%, bringing it to the current rate of Rs 1,300 per sq.ft.

The register has no figures for the years 2002, 2003, 2007, and 2023 for this street. Overall, comparing the values from 2012 to 2024, there has been a slight increase of 8% in the guideline value.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that have a 2024 guideline value ranging 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, indicating that Nagoorar Thottam 9th Cross Street's 2024 figure is below this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would amount 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, totaling Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nagoorar Thottam 9th Cross Street?

The Sub Registrar Office that covers Nagoorar Thottam 9th Cross Street 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 the property registration process 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 from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, ensuring transparency in the transaction process.

Frequently asked questions

What is the current guideline value of Nagoorar Thottam 9th Cross Street?

The current guideline value of Nagoorar Thottam 9th 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 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. The overall change from 2012 to 2024 is an increase of 8%.

What is the land classification for Nagoorar Thottam 9th Cross Street?

Nagoorar Thottam 9th Cross Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

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

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,17,000.

Which Sub Registrar Office handles registrations for this street?

The Royapuram Sub Registrar Office handles registrations for Nagoorar Thottam 9th Cross Street, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.