Guideline Value

Corporate

Guideline Value for Navarathna Garden

₹6610/sq.ft.

The guideline value for Navarathna Garden 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

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Navarathna Garden guideline value

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

How the guideline value of Navarathna Garden has changed

The guideline value for Navarathna Garden has undergone 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 the 2017 revision. Following that, 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. The overall change from 2012 to 2024 shows a modest increase of 10%.

From 2017 to 2023, there was a notable increase of 49%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ekkaduthangal

Within the village of Ekkaduthangal, there are 190 streets under the Chennai South Joint I SRO that have 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, making the current value of Navarathna Garden above this median.

Stamp duty and registration fee for property in Navarathna Garden

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 fees to Rs 5,94,900. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Navarathna Garden?

The Sub Registrar Office that covers Navarathna Garden 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 the registration process for buying or selling property in Ekkaduthangal. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When a property is registered, the guideline value is used to determine the applicable fees, which are charged on the higher of the guideline value or the sale price. This ensures transparency and uniformity in property transactions within the region.

Frequently asked questions

What is the current guideline value of Navarathna Garden?

The current guideline value of Navarathna Garden is Rs 6,610 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being an increase from Rs 6,000 per sq.ft in 2023 to Rs 6,610 per sq.ft in 2024. The overall change from 2012 to 2024 shows a modest increase of 10%.

What is the classification of land in Navarathna Garden?

The land in Navarathna Garden is classified as Commercial Class I Type - II, indicating its suitability for commercial activities.

Where can I find the Sub Registrar Office for Navarathna Garden?

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

How is the stamp duty calculated in Navarathna Garden?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 66,10,000 would incur a stamp duty of Rs 4,62,700 at 7%.