Guideline Value for Nalla Thanneer Kulam (South)

Nalla Thanneer Kulam (South) guideline value

The current guideline value of Nalla Thanneer Kulam (South) 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 (South) has changed

Over the years, the guideline value of Nalla Thanneer Kulam (South) has seen several revisions. The 2012 revision set the value at Rs 750 per sq.ft, which then decreased to Rs 502 per sq.ft in 2017. In 2023, the value increased to Rs 750 per sq.ft, and the most recent revision in 2024 raised it to Rs 830 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Between the revisions, there have been notable changes. From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, it increased significantly by 49%. The change from 2023 to 2024 shows an increase of 11%. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Agaramthen

Agaramthen village has a total of 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 is Rs 830 per sq.ft, which is equal to the current figure for Nalla Thanneer Kulam (South).

• Nalla Thanneer Kulam (North): 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 (South)

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, making the total fees together Rs 74,700. Stamp duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers Nalla Thanneer Kulam (South) 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 is a crucial factor when buying or selling property in Agaramthen. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a buyer decides to purchase a property, the guideline value serves as a benchmark for the transaction. If the sale price is lower than the guideline value, the duty will be charged based on the guideline value, ensuring that the registration process is compliant with local regulations.

Frequently asked questions

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

The current guideline value of Nalla Thanneer Kulam (South) 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 back to Rs 750 per sq.ft in 2023, and finally to Rs 830 per sq.ft in 2024. The register has no figures for the years 2002, 2003, and 2007.

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

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. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers this street?

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

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

The land classification for Nalla Thanneer Kulam (South) is Residential Class I Type - II, indicating its suitability for residential development.