Guideline Value

Corporate

Guideline Value for Navaneetham Nagar 3rd Street

₹1700/sq.ft.

The guideline value for Navaneetham Nagar 3rd 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 3rd Street

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Navaneetham Nagar 3rd Street guideline value

The current guideline value of Navaneetham Nagar 3rd 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 is classified as Residential Class I Type - II.

How the guideline value of Navaneetham Nagar 3rd Street has changed

The guideline value for Navaneetham Nagar 3rd Street has undergone several revisions over the years. In the 2007 revision, the value was Rs 250 per sq.ft, which increased significantly to Rs 1,600 per sq.ft in the 2012 revision. However, there was a decrease to Rs 1,072 per sq.ft in the 2017 revision. The 2023 revision saw a rise to Rs 1,600 per sq.ft, followed by a further increase to Rs 1,700 per sq.ft in the 2024 revision, marking a 6% change from the previous year.

Notably, the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 580%.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,700 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, indicating that the 2024 figure for Navaneetham Nagar 3rd Street is below this median.

Stamp duty and registration fee for property in Navaneetham Nagar 3rd Street

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. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Navaneetham Nagar 3rd Street?

The Navaneetham Nagar 3rd Street falls under 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.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Chembakkam. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring that the transaction is recorded accurately for taxation purposes.

When you buy or sell property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for legal ownership transfer. The registration process requires adherence to these values to maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Navaneetham Nagar 3rd Street?

The current guideline value of Navaneetham Nagar 3rd 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, showing an overall increase of 580% over the years.

What are the other streets with the same guideline value?

Other streets in Chembakkam, such as Navaneetham Nagar 1st, 2nd, 4th, 5th, and 6th Streets, also have a guideline value of Rs 1,700 per sq.ft for 2024.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for properties in Chembakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 17,00,000, the stamp duty at 7% would be Rs 1,19,000.