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Guideline Value

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Guideline Value for New Colony, Periyar Street, Slum Clearance Board Flats, Naduvakkarai TNHB Land

₹5400/sq.ft.

The guideline value for New Colony, Periyar Street, Slum Clearance Board Flats, Naduvakkarai Tnhb Land in Naduvakkarai village (Annanagar SRO, Chennai zone) is Rs 5400 per sq.ft, effective 1 July 2024. It was Rs 5000 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Naduvakkarai

Village

AnnaNagar

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹5400 /sq.ft.
From 1-4-2023 ₹5000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3350 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5000 /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)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561062
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 New Colony, Periyar Street, Slum Clearance Board Flats, Naduvakkarai Tnhb Land

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New Colony, Periyar Street, Slum Clearance Board Flats, Naduvakkarai TNHB Land guideline value

The current guideline value for New Colony, Periyar Street, Slum Clearance Board Flats, Naduvakkarai TNHB Land is Rs 5,400 per sq.ft, effective from 1 July 2024. This property is located in Naduvakkarai village, under the AnnaNagar SRO, and is classified as Residential Class II Type - II.

How the guideline value of New Colony, Periyar Street, Slum Clearance Board Flats, Naduvakkarai TNHB Land has changed

The guideline value has undergone several revisions over the years. The 2012 revision set the value at Rs 5,000 per sq.ft, which was then reduced to Rs 3,350 per sq.ft in the 2017 revision. Following this, the value increased to Rs 5,000 per sq.ft in the 2023 revision, and currently stands at Rs 5,400 per sq.ft as per the 2024 revision. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, followed by a significant increase of 49% from 2017 to 2023. The overall change from 2012 to 2024 shows an increase of 8% in the guideline value.

Guideline values in Naduvakkarai

Naduvakkarai village has 148 streets under the AnnaNagar SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 15,900 per sq.ft, with the median being Rs 11,500 per sq.ft. The guideline value for New Colony, Periyar Street, Slum Clearance Board Flats is below this median.

Stamp duty and registration fee for property in New Colony, Periyar Street, Slum Clearance Board Flats, Naduvakkarai TNHB Land

For a 1,000 sq.ft plot at the current guideline value of Rs 5,400 per sq.ft, the total guideline value amounts to Rs 54,00,000. The stamp duty at 7% would be Rs 3,78,000, and the registration fee at 2% would be Rs 1,08,000, making the total fees together Rs 4,86,000. 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 New Colony, Periyar Street, Slum Clearance Board Flats, Naduvakkarai TNHB Land?

The Sub Registrar Office that covers New Colony, Periyar Street, Slum Clearance Board Flats, Naduvakkarai TNHB Land is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Naduvakkarai. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair price according to government standards.

At the time of registration, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for New Colony, Periyar Street?

The current guideline value for New Colony, Periyar Street, Slum Clearance Board Flats, Naduvakkarai TNHB Land is Rs 5,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 5,000 per sq.ft in 2012 to Rs 3,350 per sq.ft in 2017, then rising to Rs 5,000 per sq.ft in 2023, and currently to Rs 5,400 per sq.ft in 2024.

What is the classification of the land in New Colony?

The land in New Colony, Periyar Street, Slum Clearance Board Flats, Naduvakkarai TNHB Land is classified as Residential Class II Type - II.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 4,86,000.

Which office handles registrations for properties in Naduvakkarai?

The AnnaNagar Sub Registrar Office handles registrations for properties in Naduvakkarai. It is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.