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Guideline Value

Corporate

Guideline Value for Navarathna Garden 2nd Main Road

₹6610/sq.ft.

The guideline value for Navarathna Garden 2nd Main Road in Ekkaduthangal village (Chennai South Joint I SRO, Chennai zone) is Rs 6610 per sq.ft, effective 1 July 2024. It was Rs 6000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ekkaduthangal

Village

Chennai South Joint I

SRO

Commercial Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹6610 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4020 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6000 /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)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[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 Navarathna Garden 2nd Main Road

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Navarathna Garden 2nd Main Road guideline value

The current guideline value of Navarathna Garden 2nd Main Road is Rs 6,610 per sq.ft, effective from 1 July 2024. This street is located in Ekkaduthangal village and falls under the Chennai South Joint I SRO, classified as Commercial Class I Type - II.

How the guideline value of Navarathna Garden 2nd Main Road has changed

The guideline value for Navarathna Garden 2nd Main Road has seen several revisions over the years. In 2012, the value was Rs 6,000 per sq.ft, which then decreased to Rs 4,020 per sq.ft in 2017. Following this, the value increased significantly to Rs 6,000 per sq.ft in 2023, and then to Rs 6,610 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, there was a substantial increase of 49%. The overall change from 2012 to 2024 shows a modest increase of 10%. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Ekkaduthangal

In Ekkaduthangal, there are 190 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 3,080 to Rs 8,800 per sq.ft. The median value for these streets is Rs 4,620 per sq.ft, placing Navarathna Garden 2nd Main Road above the median.

Stamp duty and registration fee for property in Navarathna Garden 2nd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 6,610 per sq.ft, the total guideline value amounts to Rs 66,10,000. The stamp duty at 7% would be Rs 4,62,700, and the registration fee at 2% would be Rs 1,32,200, totaling Rs 5,94,900. 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 further calculations.

Which Sub Registrar Office covers Navarathna Garden 2nd Main Road?

The Sub Registrar Office that covers Navarathna Garden 2nd Main Road is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for both buyers and sellers. This value is used by the registration authorities to calculate the applicable fees, making it an important aspect of real estate transactions in Ekkaduthangal.

Frequently asked questions

What is the current guideline value of Navarathna Garden 2nd Main Road?

The current guideline value of Navarathna Garden 2nd Main Road is Rs 6,610 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 6,000 per sq.ft in 2012 to Rs 4,020 per sq.ft in 2017, then increased to Rs 6,000 per sq.ft in 2023, and finally to Rs 6,610 per sq.ft in 2024.

What is the land classification for Navarathna Garden 2nd Main Road?

Navarathna Garden 2nd Main Road is classified as Commercial Class I Type - II.

What is the stamp duty rate for properties in Navarathna Garden 2nd Main Road?

The stamp duty rate for properties in Navarathna Garden 2nd Main Road is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Navarathna Garden 2nd Main Road?

The Sub Registrar Office for Navarathna Garden 2nd Main Road is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.