Guideline Value

Corporate

Guideline Value for Nannilam Nagar

₹990/sq.ft.

The guideline value for Nannilam Nagar in Varadarajapuram village (Padappai SRO, Chennai zone) is Rs 990 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Varadarajapuram

Village

Padappai

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹990 /sq.ft.
From 1-4-2023 ₹900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹603 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹900 /sq.ft.
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)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[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 Nannilam Nagar

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Nannilam Nagar guideline value

The current guideline value of Nannilam Nagar is Rs 990 per sq.ft, effective from 1 July 2024. This street is located in Varadarajapuram village, under the jurisdiction of the Padappai SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Nannilam Nagar has changed

The guideline value for Nannilam Nagar has undergone several revisions over the years. The earliest available figure is from the 2012 revision, which was Rs 900 per sq.ft. This was followed by a decrease to Rs 603 per sq.ft in the 2017 revision. The 2023 revision saw an increase to Rs 900 per sq.ft, and the latest revision in 2024 raised it to Rs 990 per sq.ft, marking a 10% increase from the previous year.

From 2012 to 2017, there was a significant decrease of 33%. However, from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has risen by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Varadarajapuram

In Varadarajapuram, there are 250 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 4,100 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value of Nannilam Nagar is below this median.

Stamp duty and registration fee for property in Nannilam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, while the registration fee at 2% would be Rs 19,800, bringing the total to Rs 89,100. It is important to note that 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 information.

Which Sub Registrar Office covers Nannilam Nagar?

The Sub Registrar Office that covers Nannilam Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Varadarajapuram, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it can influence the overall cost of the transaction. This value is regularly updated, reflecting changes in the real estate landscape.

Frequently asked questions

What is the current guideline value of Nannilam Nagar?

The current guideline value of Nannilam Nagar is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 990 per sq.ft in 2024. It was Rs 900 per sq.ft in 2023, Rs 603 per sq.ft in 2017, and Rs 900 per sq.ft in 2012.

What is the land classification for Nannilam Nagar?

Nannilam Nagar is classified as Residential Class III Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Nannilam Nagar?

The Sub Registrar Office for Nannilam Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for properties in Nannilam Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 9,90,000, the stamp duty at 7% would be Rs 69,300.