Guideline Value for Nainiappan Thottam 4th Lane

Nainiappan Thottam 4th Lane guideline value

The current guideline value of Nainiappan Thottam 4th 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 4th Lane has changed

The guideline value for Nainiappan Thottam 4th Lane has undergone several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 800 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in 2012, marking a 150% rise. However, there was a decrease to Rs 1,340 per sq.ft in 2017, which represented a decline of 33%. The most recent revision in 2024 saw the guideline value rise to Rs 2,200 per sq.ft, reflecting an increase of 64% from the 2017 figure. The register has no figures for the years 2023, 2003, and 2002 for this street.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 175%. This illustrates the fluctuations in property valuation in the area over the years.

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. The median value for these streets is Rs 1,600 per sq.ft, making the guideline value for Nainiappan Thottam 4th Lane above the median.

• Nainiappan Thottam 3rd Lane: Rs 2,200 per sq.ft (2024)
• Nainiappan Thottam 5th Lane: Rs 2,200 per sq.ft (2024)
• Nainiappan Thottam 2nd Lane: Rs 2,200 per sq.ft (2024)
• Nainiappan Thottam 6th Lane: Rs 2,200 per sq.ft (2024)
• Nainiappan Thottam 1st Lane: Rs 2,200 per sq.ft (2024)
• Nainiappan Thottam Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Nainiappan Thottam 4th Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000. Together, the total cost for these fees would be 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nainiappan Thottam 4th Lane?

The Sub Registrar Office that covers Nainiappan Thottam 4th Lane is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more details.

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

The guideline value is an essential factor during the registration of property transactions 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 stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the financial implications of the transaction. It is crucial for buyers to be aware of this value to ensure that they are not overpaying for a property based on its market price.

Frequently asked questions

What is the current guideline value of Nainiappan Thottam 4th Lane?

The current guideline value of Nainiappan Thottam 4th 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 from Rs 800 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, showing an overall increase of 175% over the years.

What is the land classification for Nainiappan Thottam 4th Lane?

The land classification for Nainiappan Thottam 4th Lane is Residential Class I Type - I.

Where can I find the Sub Registrar Office for Nainiappan Thottam 4th Lane?

The Sub Registrar Office for Nainiappan Thottam 4th Lane is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

What are the stamp duty and registration fees for a property in Nainiappan Thottam 4th Lane?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000.