Guideline Value

Corporate

Guideline Value for Navaneetham Nagar 1st Street

₹1700/sq.ft.

The guideline value for Navaneetham Nagar 1st Street in Chembakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 1700 per sq.ft, effective 1 July 2024. It was Rs 1600 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Chembakkam

Village

Selaiyur

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹1700 /sq.ft.
From 1-4-2023 ₹1600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1072 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1600 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹250 /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)

No.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Navaneetham Nagar 1st Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Navaneetham Nagar 1st Street guideline value

The current guideline value of Navaneetham Nagar 1st Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Chembakkam village under the Selaiyur SRO, and it falls under the Residential Class I Type - II land classification.

How the guideline value of Navaneetham Nagar 1st Street has changed

The guideline value for Navaneetham Nagar 1st Street has seen several revisions over the years. Starting from the 2007 revision, the value was set at Rs 250 per sq.ft. This value increased significantly to Rs 1,600 per sq.ft in 2012, marking a rise of 540%. However, it then decreased to Rs 1,072 per sq.ft in 2017, which was a decline of 33%. The value further increased to Rs 1,600 per sq.ft in 2023, before reaching the current rate of Rs 1,700 per sq.ft in 2024, reflecting a 6% increase.

From 2017 to 2023, the value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has risen by 580%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO, with guideline values for 2024 ranging from Rs 850 to Rs 6,700 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing the 2024 figure for Navaneetham Nagar 1st Street below this median.

Stamp duty and registration fee for property in Navaneetham Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Navaneetham Nagar 1st Street?

The Sub Registrar Office that covers Navaneetham Nagar 1st Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Chembakkam. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction is in line with government regulations.

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 stamp duty and registration fees. This ensures that the state receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Navaneetham Nagar 1st Street?

The current guideline value of Navaneetham Nagar 1st Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 1,700 per sq.ft in 2024, reflecting an overall increase of 580% over the years.

What is the stamp duty rate for properties in Navaneetham Nagar 1st Street?

The stamp duty rate for properties in Navaneetham Nagar 1st Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Navaneetham Nagar 1st Street?

The Sub Registrar Office for Navaneetham Nagar 1st Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.

What is the land classification for Navaneetham Nagar 1st Street?

Navaneetham Nagar 1st Street falls under the Residential Class I Type - II land classification.