Guideline Value

Corporate

Guideline Value for Narayanappan Thottam 10th Lane

₹2200/sq.ft.

The guideline value for Narayanappan Thottam 10th Lane in Tondaiarpet village (Royapuram SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Tondaiarpet

Village

Royapuram

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /sq.ft.
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)

535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.
044-25960108
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Narayanappan Thottam 10th Lane

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Narayanappan Thottam 10th Lane guideline value

The current guideline value of Narayanappan Thottam 10th Lane is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the Royapuram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Narayanappan Thottam 10th Lane has changed

The guideline value for Narayanappan Thottam 10th Lane has undergone several revisions. The 2007 revision set the value at Rs 1,000 per sq.ft, which increased to Rs 2,000 per sq.ft in the 2012 revision. There was no figure available for the years 2002, 2003, and 2017. The 2023 revision maintained the value at Rs 2,000 per sq.ft, before rising to Rs 2,200 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 120%. The changes between the revisions include a 100% increase from 2007 to 2012 and no change from 2012 to 2023.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO, with guideline values ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value in the village is Rs 1,600 per sq.ft, placing Narayanappan Thottam 10th Lane's 2024 figure above this median.

Stamp duty and registration fee for property in Narayanappan Thottam 10th Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. 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 Narayanappan Thottam 10th Lane?

The Sub Registrar Office that covers Narayanappan Thottam 10th Lane is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Tondaiarpet. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration fees reflect the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Narayanappan Thottam 10th Lane?

The current guideline value of Narayanappan Thottam 10th Lane is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,000 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, representing a total increase of 120% over the years.

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

The stamp duty is 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2%. For example, a 1,000 sq.ft plot would incur total fees of Rs 1,98,000.

Which Sub Registrar Office covers Narayanappan Thottam 10th Lane?

The Royapuram Sub Registrar Office covers Narayanappan Thottam 10th Lane, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

What is the land classification of Narayanappan Thottam 10th Lane?

Narayanappan Thottam 10th Lane is classified as Residential Class I Type - I, indicating its suitability for residential purposes.