Guideline Value for Nainiappan Thottam Street

Nainiappan Thottam Street guideline value

The current guideline value of Nainiappan Thottam Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village under the Royapuram SRO, classified as Residential Class I Type - I.

How the guideline value of Nainiappan Thottam Street has changed

The guideline value for Nainiappan Thottam Street has seen several revisions over the years. The earliest recorded figure is from 2007, when it was Rs 800 per sq.ft. This value increased significantly to Rs 2,000 per sq.ft in 2012, marking a 150% rise. However, it then decreased to Rs 1,340 per sq.ft in 2017, which represented a 33% drop. The value then rose sharply to Rs 2,000 per sq.ft in 2023, followed by another increase to Rs 2,200 per sq.ft in 2024, reflecting a 10% change.

Overall, from 2007 to 2024, the guideline value has increased by 175%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO, with guideline values ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value in this area is Rs 1,600 per sq.ft, making Nainiappan Thottam Street's 2024 figure of Rs 2,200 per sq.ft above the median.

• Nainiappan Thottam 6th Lane: Rs 2,200 per sq.ft (2024)
• Nainiappan Thottam 5th Lane: Rs 2,200 per sq.ft (2024)
• Nainiappan Thottam 4th Lane: Rs 2,200 per sq.ft (2024)
• Nainiappan Thottam 3rd Lane: Rs 2,200 per sq.ft (2024)
• Nainiappan Thottam 2nd Lane: Rs 2,200 per sq.ft (2024)
• Nainiappan Thottam 1st Lane: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Nainiappan Thottam Street

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, 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nainiappan Thottam Street?

The Sub Registrar Office that covers Nainiappan Thottam 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Tondaiarpet. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

Frequently asked questions

What is the current guideline value of Nainiappan Thottam Street?

The current guideline value of Nainiappan Thottam Street 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, representing a total increase of 175% over this period.

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

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.

Which office handles property registrations for Nainiappan Thottam Street?

The Royapuram Sub Registrar Office handles property registrations for Nainiappan Thottam Street, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

What is the land classification for Nainiappan Thottam Street?

Nainiappan Thottam Street is classified as Residential Class I Type - I, indicating its designation for residential use within the area.