Guideline Value

Corporate

Guideline Value for Navarathna Garden 3rd Main Road

₹6610/sq.ft.

The guideline value for Navarathna Garden 3rd 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 3rd Main Road

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Navarathna Garden 3rd Main Road guideline value

The current guideline value of Navarathna Garden 3rd 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. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Navarathna Garden 3rd Main Road has changed

In the 2012 revision, the guideline value was recorded at Rs 6,000 per sq.ft. This value decreased to Rs 4,020 per sq.ft in the 2017 revision, marking a decline of 33%. Subsequently, the value rose significantly to Rs 6,000 per sq.ft in the 2023 revision, and then increased again to Rs 6,610 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The increase from 2017 to 2023 was notable, with a rise of 49%, showcasing a significant change in the value over that period.

Guideline values in Ekkaduthangal

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

Stamp duty and registration fee for property in Navarathna Garden 3rd 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, bringing the total costs together to Rs 5,94,900. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Navarathna Garden 3rd Main Road?

The Sub Registrar Office that covers Navarathna Garden 3rd 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 plays a crucial role in property transactions in Ekkaduthangal. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements.

During the registration process, the guideline value is compared with the sale price of the property. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring that the transaction is appropriately documented and taxed according to the prevailing regulations.

Frequently asked questions

What is the current guideline value of Navarathna Garden 3rd Main Road?

The current guideline value of Navarathna Garden 3rd 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 back 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 of Navarathna Garden 3rd Main Road?

The land classification for Navarathna Garden 3rd Main Road is Commercial Class I Type - II.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 66,10,000, the stamp duty is Rs 4,62,700 and the registration fee is Rs 1,32,200, totaling Rs 5,94,900.

Which office handles registrations for Navarathna Garden 3rd Main Road?

The Chennai South Joint I Sub Registrar Office handles registrations for Navarathna Garden 3rd Main Road, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.