Guideline Value

Corporate

Guideline Value for Nainiappa Naicken Street

₹8800/sq.ft.

The guideline value for Nainiappa Naicken Street in Muthiyalpet village (Sowcarpet SRO, Chennai zone) is Rs 8800 per sq.ft, effective 1 July 2024. It was Rs 8000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Muthiyalpet

Village

Sowcarpet

SRO

Commercial Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹8800 /sq.ft.
From 1-4-2023 ₹8000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹5360 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹8000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹3000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹2765 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.11, Davidson Street, Sowcarpet, Chennai-01
044-25228102
[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 Nainiappa Naicken Street

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Nainiappa Naicken Street guideline value

The current guideline value of Nainiappa Naicken Street is Rs 8,800 per sq.ft, effective from 1 July 2024. This street is located in Muthiyalpet village under the Sowcarpet SRO, classified as Commercial Class I Type - II.

How the guideline value of Nainiappa Naicken Street has changed

The guideline value for Nainiappa Naicken Street has seen several revisions over the years. In 2003, the value was Rs 2,765 per sq.ft, which increased to Rs 3,000 per sq.ft in 2007. The value then rose significantly to Rs 8,000 per sq.ft in 2012, before dropping to Rs 5,360 per sq.ft in 2017. The 2023 revision set the value at Rs 8,000 per sq.ft, and the latest revision in 2024 has increased it to Rs 8,800 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 218%. It is important to note that there is no figure available for the year 2002 in the register for this street.

Guideline values in Muthiyalpet

Muthiyalpet village has a total of 357 streets under the Sowcarpet SRO, with guideline values ranging from Rs 3,800 to Rs 16,500 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, placing Nainiappa Naicken Street's 2024 figure above this median.

Stamp duty and registration fee for property in Nainiappa Naicken Street

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value amounts to Rs 88,00,000. The stamp duty at 7% would be Rs 6,16,000, while the registration fee at 2% would be Rs 1,76,000, bringing the total fees to Rs 7,92,000. 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 information.

Which Sub Registrar Office covers Nainiappa Naicken Street?

The Sub Registrar Office covering Nainiappa Naicken Street is the Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor when registering property in Muthiyalpet. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value helps in establishing the minimum value for which the property can be registered. This ensures that the transaction is documented accurately and that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Nainiappa Naicken Street?

The current guideline value of Nainiappa Naicken Street is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,765 per sq.ft in 2003 to Rs 8,800 per sq.ft in 2024, marking a significant increase over the years with various revisions in between.

What is the median guideline value in Muthiyalpet?

The median guideline value in Muthiyalpet is Rs 4,400 per sq.ft, and Nainiappa Naicken Street's 2024 figure is above this median.

What are the stamp duty and registration fees for Nainiappa Naicken Street?

The stamp duty for a property at the current guideline value of Rs 88,00,000 would be Rs 6,16,000, with a registration fee of Rs 1,76,000, totaling Rs 7,92,000.

Where is the Sowcarpet Sub Registrar Office located?

The Sowcarpet Sub Registrar Office is located at No.11, Davidson Street, Sowcarpet, Chennai-01, Chennai registration zone.