Guideline Value

Corporate

Guideline Value for Nethaji Nagar

₹200/sq.ft.

The guideline value for Nethaji Nagar in Periyapalayam village (Arani_tiruvallur SRO, Chennai zone) is Rs 200 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Periyapalayam

Village

Arani_Tiruvallur

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹200 /sq.ft.
From 1-4-2023 ₹200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹134 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹100 /sq.ft.
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.10, S.p Kovil Street, Arani,ponneri(tk),thiruvallur(dt) - 601 101
044-27927859
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Nethaji Nagar

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Nethaji Nagar guideline value

The current guideline value of Nethaji Nagar, located in Periyapalayam village under the Arani_Tiruvallur SRO, is Rs 200 per sq.ft. This value is effective from the 2024 revision, which will be implemented on 1 July 2024. The land classification for this area is Residential Class III Type - I.

How the guideline value of Nethaji Nagar has changed

Over the years, the guideline value of Nethaji Nagar has seen several revisions. The 2007 revision set the rate at Rs 100 per sq.ft, which increased to Rs 200 per sq.ft in the 2012 revision. However, this figure remained unchanged until the 2017 revision, where it rose significantly to Rs 134 per sq.ft. The 2023 revision maintained the rate at Rs 200 per sq.ft, and the upcoming 2024 revision will also keep it at Rs 200 per sq.ft, indicating no change between 2023 and 2024. The register has no figure for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. The jump from the 2007 revision to the 2012 revision was a notable 100%, but then it saw a decrease of 33% from 2012 to 2017. Overall, from the 2007 revision to the 2024 revision, the guideline value has doubled, reflecting a total increase of 100% over this period.

Guideline values in Periyapalayam

In Periyapalayam village, there are 31 streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value, ranging from Rs 160 to Rs 600 per sq.ft. The median value for these streets is Rs 200 per sq.ft, which aligns with the guideline value of Nethaji Nagar.

Stamp duty and registration fee for property in Nethaji Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty, charged at 7%, would be Rs 14,000, while the registration fee at 2% would be Rs 4,000, bringing the total charges to Rs 18,000. 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 detailed calculations.

Which Sub Registrar Office covers Nethaji Nagar?

The Sub Registrar Office that covers Nethaji Nagar is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101. To find more details, visit the find your SRO page.

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

The guideline value plays a crucial role in the registration process of property transactions in Periyapalayam. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, which are essential for the legal transfer of ownership.

It is important for buyers and sellers to be aware of the current guideline value, as it ensures that the transaction is conducted in compliance with legal requirements. This value helps in assessing the financial obligations associated with property registration.

Frequently asked questions

What is the current guideline value of Nethaji Nagar?

The current guideline value of Nethaji Nagar is Rs 200 per sq.ft, effective from the 2024 revision starting on 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revisions being Rs 200 per sq.ft in 2023 and 2024, Rs 134 per sq.ft in 2017, and Rs 200 per sq.ft in 2012. The overall increase from 2007 to 2024 is 100%.

What is the stamp duty for property in Nethaji Nagar?

The stamp duty for property in Nethaji Nagar is calculated at 7% of the guideline value. For a property valued at Rs 2,00,000, the stamp duty would amount to Rs 14,000.

Which Sub Registrar Office covers Nethaji Nagar?

The Arani_Tiruvallur Sub Registrar Office covers Nethaji Nagar, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101.

How do I calculate the registration fee for property in Nethaji Nagar?

The registration fee is calculated at 2% of the guideline value. For example, for a property valued at Rs 2,00,000, the registration fee would be Rs 4,000.