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Guideline Value

Corporate

Guideline Value for Narayanappan Thottam 1st Cross Street

₹2200/sq.ft.

The guideline value for Narayanappan Thottam 1st Cross Street 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 1st Cross Street

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Narayanappan Thottam 1st Cross Street guideline value

The current guideline value of Narayanappan Thottam 1st Cross Street 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 1st Cross Street has changed

The guideline value for Narayanappan Thottam 1st Cross Street has seen several revisions over the years. The earliest recorded figure is from 2007, where the guideline value was Rs 1,000 per sq.ft. This figure increased significantly to Rs 2,000 per sq.ft in both the 2012 and 2023 revisions. The most recent revision in 2024 has raised the guideline value to Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

Between the revisions, the most notable change occurred from 2007 to 2012, where the value doubled to Rs 2,000 per sq.ft. Overall, from 2007 to 2024, the guideline value has increased by 120%. It is important to note that there are no recorded figures for the years 2002, 2003, and 2017 for this street.

Guideline values in Tondaiarpet

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

Stamp duty and registration fee for property in Narayanappan Thottam 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, leading to a total cost of Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Narayanappan Thottam 1st Cross Street?

The Narayanappan Thottam 1st Cross Street falls under the jurisdiction of 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 of property transactions in Tondaiarpet. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures transparency and helps maintain a standardized approach to property transactions in the area.

Frequently asked questions

What is the current guideline value of Narayanappan Thottam 1st Cross Street?

The current guideline value of Narayanappan Thottam 1st Cross Street 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 changed from Rs 1,000 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting a total increase of 120% over the years.

What is the median guideline value in Tondaiarpet?

The median guideline value in Tondaiarpet is Rs 1,600 per sq.ft, and Narayanappan Thottam 1st Cross Street's 2024 figure is above this median.

What are the stamp duty and registration fees for a property in Narayanappan Thottam 1st Cross Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 22,00,000. The stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles the registration for Narayanappan Thottam 1st Cross Street?

The Royapuram Sub Registrar Office handles the registration for Narayanappan Thottam 1st Cross Street, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.