Guideline Value for Nalla Thanneer Kulam (North)

Nalla Thanneer Kulam (North) guideline value

The current guideline value of Nalla Thanneer Kulam (North) is Rs 830 per sq.ft, effective from 1 July 2024. This area is located in Agaramthen village and falls under the Tambaram Joint 1 SRO. The land classification for this street is Residential Class I Type - II.

How the guideline value of Nalla Thanneer Kulam (North) has changed

The guideline value for Nalla Thanneer Kulam (North) has undergone several revisions over the years. The 2012 revision recorded a guideline value of Rs 750 per sq.ft, which then decreased to Rs 502 per sq.ft in the 2017 revision. Subsequently, there was a significant increase of 49% to Rs 750 per sq.ft in the 2023 revision, followed by another increase of 11% to the current value of Rs 830 per sq.ft effective from 1 July 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 11%. The changes between the revisions highlight the fluctuations in the guideline values over the years, reflecting the changes in the real estate landscape of the area.

Guideline values in Agaramthen

Agaramthen village has 125 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 440 to Rs 3,700 per sq.ft. The median guideline value in this village is Rs 830 per sq.ft, which is equal to the current figure for Nalla Thanneer Kulam (North).

• Nalla Thanneer Kulam (South): Rs 830 per sq.ft (2024)
• Muthu Mariamman Street: Rs 830 per sq.ft (2024)
• Nehru Street: Rs 830 per sq.ft (2024)
• Nesamani Street: Rs 830 per sq.ft (2024)
• Nethaji Street: Rs 830 per sq.ft (2024)
• Monisha Avenue: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Nalla Thanneer Kulam (North)

For a 1,000 sq.ft plot at the current guideline value of Rs 830 per sq.ft, the total guideline value would be Rs 8,30,000. The stamp duty at 7% would amount to Rs 58,100, while the registration fee at 2% would be Rs 16,600. Together, these fees would total Rs 74,700. Please note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nalla Thanneer Kulam (North)?

The Sub Registrar Office that covers Nalla Thanneer Kulam (North) is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Agaramthen. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees. Buyers and sellers must be aware of the current guideline value to avoid discrepancies during the registration process.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable stamp duty and registration fees. This ensures that the transaction is transparent and in line with government regulations.

Frequently asked questions

What is the current guideline value of Nalla Thanneer Kulam (North)?

The current guideline value of Nalla Thanneer Kulam (North) is Rs 830 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then to Rs 750 per sq.ft in 2023, and finally to Rs 830 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Nalla Thanneer Kulam (North)?

For a property valued at Rs 8,30,000, the stamp duty would be Rs 58,100 and the registration fee would be Rs 16,600, totaling Rs 74,700.

Which Sub Registrar Office covers Nalla Thanneer Kulam (North)?

The Tambaram Joint 1 Sub Registrar Office covers Nalla Thanneer Kulam (North), located at No.26, mes Road, East Tambaram, Chennai-600059.

What is the land classification for Nalla Thanneer Kulam (North)?

The land classification for Nalla Thanneer Kulam (North) is Residential Class I Type - II.