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Guideline Value

Corporate

Guideline Value for Nithiyanandam Nagar 1-st St

₹2530/sq.ft.

The guideline value for Nithiyanandam Nagar 1-st St in Irumpuliyur village (Tambaram Joint 1 SRO, Chengalpattu zone) is Rs 2530 per sq.ft, effective 1 July 2024. It was Rs 2300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Irumpuliyur

Village

Tambaram Joint 1

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2530 /sq.ft.
From 1-4-2023 ₹2300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1541 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /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.26,mes Road, East Tambaram, Chennai-600059.
044-22397171
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Nithiyanandam Nagar 1-st St

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Nithiyanandam Nagar 1-st St guideline value

The current guideline value of Nithiyanandam Nagar 1-st St is Rs 2,530 per sq.ft, effective from 1 July 2024. This street is located in Irumpuliyur village, under the Tambaram Joint 1 SRO, and is classified as Residential Special Type - I.

How the guideline value of Nithiyanandam Nagar 1-st St has changed

The guideline value for Nithiyanandam Nagar 1-st St has undergone several revisions over the years. The earliest recorded value in 2007 was Rs 500 per sq.ft. This figure increased significantly to Rs 2,300 per sq.ft in 2012, marking a substantial rise of 360%. However, between 2012 and 2017, the value decreased to Rs 1,541 per sq.ft, which was a decline of 33%. The value then saw a significant increase to Rs 2,300 per sq.ft in 2023, and most recently, it rose to Rs 2,530 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 406%. It is important to note that the guideline register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Irumpuliyur

In Irumpuliyur village, there are 218 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Nithiyanandam Nagar 1-st St is above this median.

Stamp duty and registration fee for property in Nithiyanandam Nagar 1-st St

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value would be Rs 25,30,000. The stamp duty at 7% would be Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, making the total cost Rs 2,27,700. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Nithiyanandam Nagar 1-st St?

The Nithiyanandam Nagar 1-st St falls under the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Irumpuliyur. It determines the minimum value at which the property can be registered, ensuring that the transaction is recorded at a fair value as per the government guidelines.

When a property is sold, the buyer and seller must consider the guideline value to calculate the applicable stamp duty and registration fees. These fees are based on the guideline value or the sale price, whichever is higher, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Nithiyanandam Nagar 1-st St?

The current guideline value of Nithiyanandam Nagar 1-st St is Rs 2,530 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 500 per sq.ft in 2007 to Rs 2,530 per sq.ft in 2024, reflecting an overall increase of 406% over the years.

What is the registration office for Nithiyanandam Nagar 1-st St?

The registration office for Nithiyanandam Nagar 1-st St is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What are the stamp duty rates applicable for property transactions?

The stamp duty for property transactions in Nithiyanandam Nagar 1-st St is charged at 7% of the guideline value or sale price, whichever is higher.

What is the land classification for Nithiyanandam Nagar 1-st St?

Nithiyanandam Nagar 1-st St is classified as Residential Special Type - I, which influences its guideline value and usage regulations.