Guideline Value

Corporate

Guideline Value for Narayanappan Thottam 2nd Lane

₹2200/sq.ft.

The guideline value for Narayanappan Thottam 2nd 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 N/A
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 2nd Lane

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Narayanappan Thottam 2nd Lane guideline value

The current guideline value of Narayanappan Thottam 2nd 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 it falls under the Residential Class I Type - I land classification.

How the guideline value of Narayanappan Thottam 2nd Lane has changed

The guideline value for Narayanappan Thottam 2nd Lane has undergone several revisions over the years. The oldest recorded revision is from 2007, where the guideline value was Rs 1,000 per sq.ft. This increased to Rs 2,000 per sq.ft in the 2023 revision, marking a 100% rise. The current value of Rs 2,200 per sq.ft reflects a 10% increase from the 2023 revision.

Overall, from the 2007 revision to the 2024 revision, there has been a significant increase of 120%. It is important to note that the register has no figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

Guideline values in Tondaiarpet

In Tondaiarpet, a total of 1,384 streets under the Royapuram SRO have a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value is Rs 1,600 per sq.ft, placing Narayanappan Thottam 2nd Lane above this median.

Stamp duty and registration fee for property in Narayanappan Thottam 2nd Lane

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, charged at 7%, would be Rs 1,54,000, while the registration fee at 2% amounts to Rs 44,000. In total, the charges would be 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.

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

Which Sub Registrar Office covers Narayanappan Thottam 2nd Lane?

The Sub Registrar Office covering Narayanappan Thottam 2nd Lane is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for additional information.

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

The guideline value is a crucial factor during property registration in Tondaiarpet. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are transparent and in accordance with government regulations.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value for Narayanappan Thottam 2nd Lane?

The current guideline value for Narayanappan Thottam 2nd 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, reflecting an overall increase of 120% over this period.

What are the stamp duty rates applicable for properties in Narayanappan Thottam 2nd Lane?

The stamp duty for properties in Narayanappan Thottam 2nd Lane is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Royapuram Sub Registrar Office?

The Royapuram Sub Registrar Office is located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

What is the median guideline value for streets in Tondaiarpet?

The median guideline value for streets in Tondaiarpet is Rs 1,600 per sq.ft, with Narayanappan Thottam 2nd Lane's current value being above this median.