Guideline Value

Corporate

Guideline Value for Navaneetham Nagar 5th Street

₹1700/sq.ft.

The guideline value for Navaneetham Nagar 5th 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 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)

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 5th Street

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Navaneetham Nagar 5th Street guideline value

The current guideline value of Navaneetham Nagar 5th Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Chembakkam village and falls under the Selaiyur SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Navaneetham Nagar 5th Street has changed

The guideline value for Navaneetham Nagar 5th Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,600 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 1,072 per sq.ft. Following this, there was a significant increase in the 2023 revision to Rs 1,600 per sq.ft, and the latest revision in 2024 raised it to Rs 1,700 per sq.ft, marking a 6% increase from the previous year.

In summary, from the 2012 revision to the 2024 revision, the overall change is a slight increase of 6%. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

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 in this area is Rs 2,200 per sq.ft, indicating that the 2024 figure for Navaneetham Nagar 5th Street is below the median.

Stamp duty and registration fee for property in Navaneetham Nagar 5th 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 be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, making the total cost 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 the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Navaneetham Nagar 5th Street?

The Sub Registrar Office that covers Navaneetham Nagar 5th 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 details.

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

The guideline value is a crucial factor in property transactions in Chembakkam, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that buyers must pay during the transaction process.

When selling a property, the guideline value ensures that the sale price is aligned with the official valuation set by the government. This helps maintain transparency and fairness in property dealings, ensuring that both buyers and sellers are aware of the value of the property being exchanged.

Frequently asked questions

What is the current guideline value of Navaneetham Nagar 5th Street?

The current guideline value of Navaneetham Nagar 5th 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 seen several revisions, with the latest increase of 6% from Rs 1,600 per sq.ft in 2023 to Rs 1,700 per sq.ft in 2024. The value decreased from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017 before increasing again.

What is the land classification for Navaneetham Nagar 5th Street?

The land classification for Navaneetham Nagar 5th Street is Residential Class I Type - II, indicating its suitability for residential purposes.

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 Navaneetham Nagar 5th Street?

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