Guideline Value

Corporate

Guideline Value for New Labour Lane

₹1300/sq.ft.

The guideline value for New Labour Lane in Tondaiarpet village (Royapuram SRO, Chennai zone) is Rs 1300 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Tondaiarpet

Village

Royapuram

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1300 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹600 /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)

535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.
044-25960108
[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 New Labour Lane

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New Labour Lane guideline value

The current guideline value of New Labour Lane is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the Royapuram Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - I.

How the guideline value of New Labour Lane has changed

The guideline value for New Labour Lane has undergone several revisions over the years. The earliest recorded figure is from 2007, where the guideline value was Rs 600 per sq.ft. This value saw a significant increase to Rs 1,200 per sq.ft in 2012, marking a 100% rise. However, from 2012 to 2023, the value remained unchanged at Rs 1,200 per sq.ft. In the 2024 revision, the guideline value increased to Rs 1,300 per sq.ft, reflecting an 8% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 117%, reaching Rs 1,300 per sq.ft in the latest revision. It is important to note that the register has no figures for the years 2002, 2003, and 2017 for this street.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, indicating that New Labour Lane's 2024 figure is below this median.

Stamp duty and registration fee for property in New Labour Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty, charged at 7%, would be Rs 91,000, while the registration fee at 2% would be Rs 26,000. Together, the total cost for stamp duty and registration would be Rs 1,17,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers New Labour Lane?

The Sub Registrar Office that covers New Labour Lane is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration of property transactions in Tondaiarpet. It serves as the basis for calculating the stamp duty and registration fees that buyers and sellers must pay during the registration process.

When a property is bought or sold, the guideline value ensures that the transaction is recorded accurately, reflecting the value of the property in accordance with the government's regulations. This helps maintain transparency in real estate transactions within the region.

Frequently asked questions

What is the current guideline value of New Labour Lane?

The current guideline value of New Labour Lane is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, marking an overall increase of 117% over the years.

What is the land classification for New Labour Lane?

The land classification for New Labour Lane is Residential Class II Type - I.

What are the stamp duty and registration fees for a property in New Labour Lane?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000, and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Which office handles registrations for New Labour Lane?

The Royapuram Sub Registrar Office handles registrations for New Labour Lane, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.