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Guideline Value

Corporate

Guideline Value for Nainiappan Thottam 3rd Lane

₹2200/sq.ft.

The guideline value for Nainiappan Thottam 3rd 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 3rd Lane

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Nainiappan Thottam 3rd Lane guideline value

The current guideline value of Nainiappan Thottam 3rd Lane is Rs 2,200 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 I Type - I.

How the guideline value of Nainiappan Thottam 3rd Lane has changed

The guideline value for Nainiappan Thottam 3rd Lane has seen several revisions over the years. In 2007, the guideline value was Rs 800 per sq.ft, which increased to Rs 2,000 per sq.ft in 2012. However, this figure dropped to Rs 1,340 per sq.ft in 2017. The most recent revision in 2024 has set the value at Rs 2,200 per sq.ft. There are no figures available for the years 2023, 2003, and 2002 for this street.

From 2007 to 2012, there was a significant increase of 150%. However, between 2012 and 2017, the value decreased by 33%. The current guideline value reflects a 64% increase from the 2017 revision. Overall, from 2007 to 2024, the guideline value has increased by 175%.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft, with a median value of Rs 1,600 per sq.ft. Nainiappan Thottam 3rd Lane's 2024 guideline value is above this median.

Stamp duty and registration fee for property in Nainiappan Thottam 3rd Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total 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 the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Nainiappan Thottam 3rd Lane?

The Nainiappan Thottam 3rd Lane is covered by 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 crucial during the registration of property transactions in Tondaiarpet. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction reflects a fair value in the eyes of the law.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial implications of the transaction, based on the official valuation set by the Registration Department.

Frequently asked questions

What is the current guideline value of Nainiappan Thottam 3rd Lane?

The current guideline value of Nainiappan Thottam 3rd Lane is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 800 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 175% over the years.

What is the land classification for Nainiappan Thottam 3rd Lane?

Nainiappan Thottam 3rd Lane is classified as Residential Class I Type - I.

Where is the Royapuram Sub Registrar Office located?

The Royapuram Sub Registrar Office is located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

How is stamp duty calculated for properties in Nainiappan Thottam 3rd Lane?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 22,00,000 would incur a stamp duty of Rs 1,54,000.