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Guideline Value

Corporate

Guideline Value for Nalleeswarar Nagar 1st Cross Street

₹1760/sq.ft.

The guideline value for Nalleeswarar Nagar 1st Cross Street in Kunrathour-b village (Kunrathur SRO, Chennai zone) is Rs 1760 per sq.ft, effective 1 July 2024. It was Rs 1600 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kunrathour-b

Village

Kunrathur

SRO

Mixed Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹1760 /sq.ft.
From 1-4-2023 ₹1600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1072 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
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)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Nalleeswarar Nagar 1st Cross Street

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Nalleeswarar Nagar 1st Cross Street guideline value

The current guideline value of Nalleeswarar Nagar 1st Cross Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-B village, under the Kunrathur SRO, and is classified as Mixed Special Type - III.

How the guideline value of Nalleeswarar Nagar 1st Cross Street has changed

In the 2017 revision, the guideline value was Rs 1,072 per sq.ft. This figure increased to Rs 1,600 per sq.ft in the 2023 revision, marking a significant change of 49%. The latest revision in 2024 has further increased the guideline value to Rs 1,760 per sq.ft, reflecting a 10% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value for these streets is Rs 1,540 per sq.ft, which means that Nalleeswarar Nagar 1st Cross Street's 2024 figure is above that median.

Stamp duty and registration fee for property in Nalleeswarar Nagar 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total cost for these fees to Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Nalleeswarar Nagar 1st Cross Street?

The Nalleeswarar Nagar 1st Cross Street falls under the Kunrathur Sub Registrar Office located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is a crucial factor during the registration of property transactions in Kunrathour-B. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

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 fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Nalleeswarar Nagar 1st Cross Street?

The current guideline value for Nalleeswarar Nagar 1st Cross Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,072 per sq.ft in 2017 to Rs 1,760 per sq.ft in 2024, which is an overall increase of 64%.

What are the stamp duty rates for properties in Nalleeswarar Nagar 1st Cross Street?

The stamp duty for properties in Nalleeswarar Nagar 1st Cross Street is charged at 7% of the guideline value or the sale price, whichever is higher.

Which office handles registrations for Nalleeswarar Nagar 1st Cross Street?

The Kunrathur Sub Registrar Office handles registrations for properties in Nalleeswarar Nagar 1st Cross Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the median guideline value for streets in Kunrathour-B?

The median guideline value for streets in Kunrathour-B is Rs 1,540 per sq.ft, and Nalleeswarar Nagar 1st Cross Street's current value is above this median.