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Guideline Value

Corporate

Guideline Value for Nainiappan Thottam 1st Lane

₹2200/sq.ft.

The guideline value for Nainiappan Thottam 1st Lane in Tondaiarpet village (Royapuram SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Tondaiarpet

Village

Royapuram

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹800 /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 Nainiappan Thottam 1st Lane

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Nainiappan Thottam 1st Lane guideline value

The current guideline value of Nainiappan Thottam 1st Lane is Rs 2,200 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 I Type - I.

How the guideline value of Nainiappan Thottam 1st Lane has changed

The guideline value for Nainiappan Thottam 1st Lane has undergone several revisions over the years. Starting from the 2007 revision, the value was Rs 800 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a 150% increase. However, from 2012 to 2017, the value decreased to Rs 1,340 per sq.ft, a decline of 33%. The most recent revision in 2024 has seen the value rise to Rs 2,200 per sq.ft, reflecting a 64% increase from 2017.

It is important to note that there are no figures available for the years 2023, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by 175%.

Guideline values in Tondaiarpet

In Tondaiarpet village, there are 1,384 streets under the Royapuram SRO, with the 2024 guideline values ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value for the area is Rs 1,600 per sq.ft, placing Nainiappan Thottam 1st Lane's 2024 figure above this median.

Stamp duty and registration fee for property in Nainiappan Thottam 1st Lane

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Nainiappan Thottam 1st Lane?

The Sub Registrar Office that covers Nainiappan Thottam 1st Lane is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. To locate your nearest office, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Tondaiarpet. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted at a fair value.

When a property is registered, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can significantly impact the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Nainiappan Thottam 1st Lane?

The current guideline value of Nainiappan Thottam 1st Lane is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed significantly, increasing from Rs 800 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, which is a total increase of 175%.

What are the stamp duty rates for property in Nainiappan Thottam 1st Lane?

The stamp duty rate for property transactions in Nainiappan Thottam 1st Lane is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office should I approach for registration?

The Royapuram Sub Registrar Office is responsible for registrations in Nainiappan Thottam 1st Lane, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

What is the median guideline value for streets in Tondaiarpet?

The median guideline value for streets in Tondaiarpet is Rs 1,600 per sq.ft, with Nainiappan Thottam 1st Lane's 2024 value of Rs 2,200 per sq.ft being above this median.