Guideline Value for Nawroji East Road

Nawroji East Road guideline value

The current guideline value of Nawroji East Road is Rs 9,300 per sq.ft, effective from 1 July 2024. This road is located in Egmore village under the Periamet SRO, and it is classified as Commercial Class I Type - I.

How the guideline value of Nawroji East Road has changed

The guideline value for Nawroji East Road has undergone several revisions over the years. In 2003, the value was Rs 1,163 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2007. This was followed by a substantial rise to Rs 8,500 per sq.ft in 2012, but it then saw a decrease to Rs 5,695 per sq.ft in 2017. The value experienced a remarkable increase to Rs 8,500 per sq.ft again in 2023, before reaching the current figure of Rs 9,300 per sq.ft in 2024, marking a 9% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 700%. The register has no figure for the year 2002 for this street.

Guideline values in Egmore

In Egmore village, there are a total of 465 streets under the Periamet SRO that have a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value for these streets is Rs 7,100 per sq.ft, placing Nawroji East Road's 2024 figure above that median.

• Nawab Street: Rs 9,300 per sq.ft (2024)
• Nathan Lane/Street: Rs 9,300 per sq.ft (2024)
• Natesan Street: Rs 3,400 per sq.ft (2024)
• Narismachari street: Rs 3,900 per sq.ft (2024)
• NarayasamyDasary street: Rs 3,900 per sq.ft (2024)
• Narayan NaickenStreet: Rs 10,100 per sq.ft (2024)

Stamp duty and registration fee for property in Nawroji East Road

For a 1,000 sq.ft plot at the current guideline value of Rs 9,300 per sq.ft, the total guideline value would be Rs 93,00,000. The stamp duty at 7% would amount to Rs 6,51,000, while the registration fee at 2% would be Rs 1,86,000, bringing the total to Rs 8,37,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nawroji East Road?

The Sub Registrar Office that covers Nawroji East Road is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Egmore. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that these charges are based on an official valuation rather than the sale price alone.

When a property transaction occurs, the guideline value helps to maintain transparency and standardization in property dealings. Buyers and sellers should be aware of the current guideline value to accurately calculate their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Nawroji East Road?

The current guideline value of Nawroji East Road is Rs 9,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,163 per sq.ft in 2003 to Rs 9,300 per sq.ft in 2024, marking an overall increase of 700% over that period.

What is the land classification for Nawroji East Road?

Nawroji East Road is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

Which Sub Registrar Office handles transactions for Nawroji East Road?

The Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003, handles transactions for Nawroji East Road.

How is stamp duty calculated for properties in Nawroji East Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a property with a guideline value of Rs 93,00,000, the stamp duty would be Rs 6,51,000 at 7%.