Guideline Value for Nammazhvar Thottam

Nammazhvar Thottam guideline value

The current guideline value of Nammazhvar Thottam is Rs 2,500 per sq.ft, as per the 2023 revision. This area falls under Puthupakkam village and is registered with the Thiruporur SRO. The land classification for this street is Commercial Class I Type - I.

How the guideline value of Nammazhvar Thottam has changed

The guideline value for Nammazhvar Thottam has undergone several revisions over the years. The 2017 revision set the guideline value at Rs 1,675 per sq.ft, which was a significant increase from the previous figures. The most recent revision in 2023 raised the guideline value to Rs 2,500 per sq.ft, marking an increase of 49% from the 2017 figure.

There are no figures available in the register for the years 2002, 2003, 2007, 2012, and 2024 for this street. Thus, the changes in guideline value are only noted between the 2017 and 2023 revisions.

Guideline values in Puthupakkam

Currently, there are no specific village figures provided for Puthupakkam. Nammazhvar Thottam is the only street mentioned in this context.

Stamp duty and registration fee for property in Nammazhvar Thottam

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 25,00,000. The stamp duty at 7% would be Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, bringing the total to Rs 2,25,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Nammazhvar Thottam?

The Sub Registrar Office that covers Nammazhvar Thottam is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value plays a crucial role in property transactions in Puthupakkam. It is used to determine the stamp duty and registration fees that must be paid at the time of registration. Buyers and sellers must be aware of the guideline value to ensure compliance with the regulations set by the Registration Department.

When a property is sold, the transaction must be registered at the Thiruporur SRO, where the guideline value will be referenced to calculate the applicable fees. It is essential for both parties involved in the transaction to understand how the guideline value affects their financial obligations during the sale.

Frequently asked questions

What is the current guideline value of Nammazhvar Thottam?

The current guideline value of Nammazhvar Thottam is Rs 2,500 per sq.ft, according to the 2023 revision.

How much has the guideline value changed over the years?

The guideline value increased from Rs 1,675 per sq.ft in 2017 to Rs 2,500 per sq.ft in 2023, reflecting a 49% increase.

Are there any guideline values for earlier years?

No figures are available in the register for the years 2002, 2003, 2007, 2012, and 2024 for Nammazhvar Thottam.

What are the stamp duty and registration fees for properties in Nammazhvar Thottam?

The stamp duty is 7% and the registration fee is 2%. For a property valued at Rs 25,00,000, the total fees would amount to Rs 2,25,000.

Which office handles property registrations for Nammazhvar Thottam?

The Thiruporur Sub Registrar Office handles property registrations for Nammazhvar Thottam, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.