Guideline Value for Narayanappan Thottam 8th Lane

Narayanappan Thottam 8th Lane guideline value

The current guideline value of Narayanappan Thottam 8th 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 8th Lane has changed

The guideline value for Narayanappan Thottam 8th Lane has undergone several revisions. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the value at Rs 2,000 per sq.ft, which increased by 10% to Rs 2,200 per sq.ft in the 2024 revision.

In summary, the guideline value increased from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024. This reflects a significant change in the property valuation for this street.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO with a guideline value for 2024 ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, placing Narayanappan Thottam 8th Lane above this median.

• Narayanappan Thottam 7th Lane: Rs 2,200 per sq.ft (2024)
• Narayanappan Thottam 9th Lane: Rs 2,200 per sq.ft (2024)
• Narayanappan Thottam 6th Lane: Rs 2,200 per sq.ft (2024)
• Narayanappan Thottam Street: Rs 2,200 per sq.ft (2024)
• Narayanappan Thottam 5th Lane: Rs 2,200 per sq.ft (2024)
• Narayanappan Thottam 4th Lane: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Narayanappan Thottam 8th 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 at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. Please note that 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 8th Lane?

The Sub Registrar Office that covers Narayanappan Thottam 8th 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 plays a crucial role in the registration process when buying or selling property in Tondaiarpet. It serves as a benchmark for determining the amount of stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, 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 that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Narayanappan Thottam 8th Lane?

The current guideline value of Narayanappan Thottam 8th Lane is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed recently?

The guideline value increased from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024, marking a 10% increase.

What is the land classification for Narayanappan Thottam 8th Lane?

Narayanappan Thottam 8th Lane is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for Narayanappan Thottam 8th Lane?

The Sub Registrar Office for Narayanappan Thottam 8th Lane is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

How is the stamp duty calculated for properties in Narayanappan Thottam 8th Lane?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For instance, if the guideline value is Rs 22,00,000, the stamp duty at 7% would be Rs 1,54,000.