Guideline Value for Navalar Road

Navalar Road guideline value

The current guideline value of Navalar Road is Rs 1,300 per sq.ft, effective from 1 July 2024. This road is located in Tondaiarpet village under the Royapuram SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Navalar Road has changed

The guideline value for Navalar Road has seen a revision in 2024, where it is set at Rs 1,300 per sq.ft, up from Rs 1,200 per sq.ft in the 2023 revision. The change from 2023 to 2024 represents an increase of 8%. Prior to that, the 2012 revision also recorded the guideline value at Rs 1,200 per sq.ft, indicating no change from 2012 to 2023. The register has no figures for the years 2017, 2007, 2003, and 2002.

Overall, from 2012 to 2024, the guideline value has increased by 8%. The consistent value of Rs 1,200 per sq.ft from 2012 to 2023 highlights stability in that period before the recent increase.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value in this village is Rs 1,600 per sq.ft, placing Navalar Road's 2024 figure below that median.

• Navalar Lane: Rs 1,300 per sq.ft (2024)
• Nedunchezhiyan Nagar Main Road: Rs 1,300 per sq.ft (2024)
• Nataraja Street: Rs 1,300 per sq.ft (2024)
• Narayanappan Thottam Street: Rs 2,200 per sq.ft (2024)
• Narayanappan Thottam 9th Lane: Rs 2,200 per sq.ft (2024)
• Narayanappan Thottam 8th Lane: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Navalar Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty, charged at 7%, would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Navalar Road?

The Sub Registrar Office that covers Navalar Road is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Tondaiarpet. It serves as a reference point for determining the stamp duty and registration fees that must 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 transaction is registered in accordance with the established values set by the Registration Department.

Frequently asked questions

What is the current guideline value of Navalar Road?

The current guideline value of Navalar Road is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,200 per sq.ft from 2012 to 2023, before increasing to Rs 1,300 per sq.ft in 2024, marking an overall increase of 8% from 2012 to 2024.

What are the other streets with similar guideline values in Tondaiarpet?

Other streets in Tondaiarpet with a guideline value of Rs 1,300 per sq.ft in 2024 include Navalar Lane, Nedunchezhiyan Nagar Main Road, and Nataraja Street.

What is the registration fee for property transactions in Navalar Road?

The registration fee for property transactions is 2% of the guideline value. For example, if the guideline value is Rs 13,00,000, the registration fee would be Rs 26,000.

Where can I find the Sub Registrar Office for Navalar Road?

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