Guideline Value for Narayanasamy Thottam 3rd Main Road

Narayanasamy Thottam 3rd Main Road guideline value

The current guideline value of Narayanasamy Thottam 3rd Main Road is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village, under the Madhavaram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Narayanasamy Thottam 3rd Main Road has changed

The guideline value for Narayanasamy Thottam 3rd Main Road has seen significant changes over the years. The 2017 revision set the value at Rs 1,675 per sq.ft, which increased to Rs 2,500 per sq.ft in the 2023 revision. The latest revision in 2024 has raised it further to Rs 2,700 per sq.ft, marking an increase of 8% from the previous year.

From 2017 to 2023, the increase was 49%, and overall, from 2017 to 2024, the guideline value has risen by 61%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value for the area is Rs 2,700 per sq.ft, which is equal to the 2024 figure for Narayanasamy Thottam 3rd Main Road.

• Narayanasamy Thottam 2nd Street: Rs 2,700 per sq.ft (2024)
• Narayanasamy Thottam 2nd Main Road: Rs 2,700 per sq.ft (2024)
• Narayanasamy Thottam 1st Street: Rs 2,700 per sq.ft (2024)
• Narayanasamy Thottam 1st Main Road: Rs 2,700 per sq.ft (2024)
• Narayanasamy Garden Salai: Rs 2,700 per sq.ft (2024)
• Narasimma Reddiyar nagar 4th Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Narayanasamy Thottam 3rd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. Duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Narayanasamy Thottam 3rd Main Road?

The Sub Registrar Office that covers Narayanasamy Thottam 3rd Main Road is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is an important factor in property transactions in Kodungaiyur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements and to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Narayanasamy Thottam 3rd Main Road?

The current guideline value of Narayanasamy Thottam 3rd Main Road is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value has increased from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024, which is an increase of 8%.

What was the guideline value in 2017?

The guideline value for Narayanasamy Thottam 3rd Main Road was Rs 1,675 per sq.ft in 2017.

How many streets in Kodungaiyur have a guideline value?

There are a total of 1,318 streets in Kodungaiyur under the Madhavaram SRO that carry a guideline value as of 2024.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.