Guideline Value

Corporate

Guideline Value for Nithiyanandam Nagar Main Road

₹2530/sq.ft.

The guideline value for Nithiyanandam Nagar Main Road 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 Main Road

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Nithiyanandam Nagar Main Road guideline value

The current guideline value of Nithiyanandam Nagar Main Road is Rs 2,530 per sq.ft, effective from 1 July 2024. This road is located in Irumpuliyur village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Nithiyanandam Nagar Main Road has changed

Over the years, the guideline value for Nithiyanandam Nagar Main Road has seen significant changes. The earliest recorded figure is from the 2007 revision, which was Rs 500 per sq.ft. This figure increased dramatically to Rs 2,300 per sq.ft in the 2012 revision, marking a 360% increase. However, it then decreased to Rs 1,541 per sq.ft in the 2017 revision, reflecting a decline of 33%. The value rose again to Rs 2,300 per sq.ft in the 2023 revision, before reaching the current rate of Rs 2,530 per sq.ft in the 2024 revision, representing a 10% increase from the previous year.

The guideline value has increased overall by 406% from the 2007 revision to the 2024 revision. There are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Irumpuliyur

In Irumpuliyur, there are a total of 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. The median guideline value for the village is Rs 2,200 per sq.ft, which means that the guideline value of Nithiyanandam Nagar Main Road is above this median.

Stamp duty and registration fee for property in Nithiyanandam Nagar Main Road

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, bringing the total cost for stamp duty and registration fees to Rs 2,27,700. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nithiyanandam Nagar Main Road?

The Nithiyanandam Nagar Main Road is covered by 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 information.

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

The guideline value is an essential factor in the registration process for property transactions in Irumpuliyur. It serves as a benchmark for calculating the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

When a property is sold, the guideline value is used to determine the minimum value on which stamp duty is calculated. This means that if the sale price is lower than the guideline value, the duty will be charged based on the guideline value instead.

Frequently asked questions

What is the current guideline value of Nithiyanandam Nagar Main Road?

The current guideline value of Nithiyanandam Nagar Main Road 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, marking an overall increase of 406% over the years.

What is the median guideline value in Irumpuliyur?

The median guideline value in Irumpuliyur is Rs 2,200 per sq.ft, which is lower than the current guideline value of Nithiyanandam Nagar Main Road.

What are the stamp duty and registration fees for properties here?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 2,27,700.

Which office handles the registration for Nithiyanandam Nagar Main Road?

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