Guideline Value

Corporate

Guideline Value for Narendran Thottam

₹1700/sq.ft.

The guideline value for Narendran Thottam in Sholinganallur - 1 village (Neelankarai SRO, Chennai zone) is Rs 1700 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sholinganallur - 1

Village

Neelankarai

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹1700 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
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)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Narendran Thottam

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Narendran Thottam guideline value

The current guideline value of Narendran Thottam is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Sholinganallur - 1 village, under the Neelankarai SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Narendran Thottam has changed

The guideline value for Narendran Thottam has seen significant changes over the years. The 2017 revision set the value at Rs 1,005 per sq.ft, which increased to Rs 1,700 per sq.ft in the 2024 revision, marking a change of +69%. The register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street.

From 2017 to 2024, the increase in guideline value reflects a notable rise. The 2024 figure of Rs 1,700 per sq.ft is below the median value of Rs 2,200 per sq.ft for the 754 streets in Sholinganallur - 1 under the Neelankarai SRO.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, the guideline values vary significantly. The 2024 figures for other streets in this area range from Rs 1,000 to Rs 8,800 per sq.ft. Below are the guideline values for other streets in Sholinganallur - 1:

Stamp duty and registration fee for property in Narendran Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total to Rs 1,53,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Narendran Thottam?

The Sub Registrar Office that covers Narendran Thottam is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is a crucial factor in the registration process when buying or selling property in Sholinganallur - 1. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can significantly affect the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Narendran Thottam?

The current guideline value of Narendran Thottam is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Narendran Thottam increased from Rs 1,005 per sq.ft in 2017 to Rs 1,700 per sq.ft in 2024, marking a change of +69%. There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 for this street.

What are the guideline values for other streets in Sholinganallur - 1?

In Sholinganallur - 1, guideline values for other streets range from Rs 1,000 to Rs 8,800 per sq.ft. The median value for the area is Rs 2,200 per sq.ft, while Narendran Thottam's value is below this median.

How is stamp duty calculated for properties in Narendran Thottam?

Stamp duty for properties in Narendran Thottam is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 1,700 per sq.ft results in a total guideline value of Rs 17,00,000, leading to a stamp duty of Rs 1,19,000.

Where can I find the Sub Registrar Office for Narendran Thottam?

The Neelankarai Sub Registrar Office covers Narendran Thottam. It is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.