Guideline Value

Corporate

Guideline Value for Narayanappan Thottam 4th Lane

₹2200/sq.ft.

The guideline value for Narayanappan Thottam 4th 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 4th Lane

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Narayanappan Thottam 4th Lane guideline value

The current guideline value for Narayanappan Thottam 4th Lane is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the jurisdiction of the Royapuram SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Narayanappan Thottam 4th Lane has changed

The guideline value for Narayanappan Thottam 4th Lane has seen several revisions over the years. In the 2007 revision, the value was set at Rs 1,000 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in the 2023 revision, marking a 100% increase. The latest revision in 2024 has further raised the guideline value to Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2017 for this street. Overall, from 2007 to 2024, the guideline value has increased by 120%.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, placing Narayanappan Thottam 4th Lane's 2024 figure above this median.

Stamp duty and registration fee for property in Narayanappan Thottam 4th 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, charged at 7%, would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. Together, the total cost for stamp duty and registration would be Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Narayanappan Thottam 4th Lane?

The Sub Registrar Office that covers Narayanappan Thottam 4th 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 details.

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

The guideline value is a crucial determinant in the registration process of property transactions in Tondaiarpet. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When buying or selling property, it is essential to be aware of the guideline value, as it affects the overall financial obligations during the registration process. Buyers should ensure that they are informed about the current guideline values to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value for Narayanappan Thottam 4th Lane?

The current guideline value for Narayanappan Thottam 4th 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, marking a total increase of 120% over this period.

What are the stamp duty and registration fees for property in Narayanappan Thottam 4th Lane?

For a property valued at 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 registrations for Narayanappan Thottam 4th Lane?

The Royapuram Sub Registrar Office handles registrations for Narayanappan Thottam 4th Lane, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

What is the land classification for Narayanappan Thottam 4th Lane?

The land classification for Narayanappan Thottam 4th Lane is Residential Class I Type - I.