Guideline Value

Corporate

Guideline Value for Nethaji Nagar

₹1600/sq.ft.

The guideline value for Nethaji Nagar in Ernavur village (Thiruvottiyur SRO, Chennai zone) is Rs 1600 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ernavur

Village

Thiruvottiyur

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹1600 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹435 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹238 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹209 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Nethaji Nagar guideline value

The current guideline value for Nethaji Nagar, located in Ernavur village, is Rs 1,600 per sq.ft, effective from the 2024 revision. This area falls under the Thiruvottiyur SRO and is classified as Residential Class I Type - II.

How the guideline value of Nethaji Nagar has changed

The guideline value for Nethaji Nagar has undergone several revisions over the years. In 2002, the guideline value was Rs 209 per sq.ft, which increased to Rs 238 per sq.ft in 2003, marking a 14% rise. Following this, the value saw a significant increase of 83% to reach Rs 435 per sq.ft in 2007. The 2012 revision set the value at Rs 1,500 per sq.ft, reflecting a remarkable 245% increase from the previous revision. However, this was followed by a decrease of 33%, bringing the value down to Rs 1,005 per sq.ft in 2017.

From 2017 to 2023, the guideline value increased by 49%, reaching Rs 1,500 per sq.ft. The most recent revision in 2024 raised the value to Rs 1,600 per sq.ft, representing a 7% increase. Overall, from 2002 to 2024, the guideline value has increased by 666%.

Guideline values in Ernavur

In Ernavur, there are 82 streets under the Thiruvottiyur SRO that have a 2024 guideline value ranging from Rs 1,000 to Rs 7,300 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, which is equal to the current guideline value for 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 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000. Together, these fees total Rs 1,44,000. 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 details.

Which Sub Registrar Office covers Nethaji Nagar?

The Sub Registrar Office covering Nethaji Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during property transactions in Ernavur. It serves as a benchmark for determining the minimum value at which a property can be registered. This ensures that the property is not undervalued during the registration process.

When buying or selling property, the guideline value informs the stamp duty and registration fees that need to be paid. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the actual sale price, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Nethaji Nagar?

The current guideline value of Nethaji Nagar is Rs 1,600 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has seen significant changes, from Rs 209 per sq.ft in 2002 to Rs 1,600 per sq.ft in 2024, reflecting an overall increase of 666% over this period.

What is the stamp duty rate in Nethaji Nagar?

The stamp duty rate in Nethaji Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Thiruvottiyur Sub Registrar Office located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What are the other streets in Ernavur with their guideline values?

Other streets in Ernavur include Nethal Nagar(TNHB) at Rs 3,300 per sq.ft, Neithal at Rs 3,800 per sq.ft, New Colony at Rs 1,400 per sq.ft, Palagai Thottikuppam at Rs 1,400 per sq.ft, and both MURUGAPPA NAGAR (V.O.C. Street) and MURUGAPPA NAGAR (Thiruvalluvar Street) at Rs 1,800 per sq.ft.