Guideline Value

Corporate

Guideline Value for SRI NAINARSWAMY GARDEN ITEM-II

₹1850/sq.ft.

The guideline value for Sri Nainarswamy Garden Item-ii in Thundalam village (Chennai South Joint I SRO, Chennai zone) is Rs 1850 per sq.ft, effective 1 July 2024. It was Rs 1675 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thundalam

Village

Chennai South Joint I

SRO

Residential Class III Type - II
History
Period Guideline Value
From 1-7-2024 ₹1850 /sq.ft.
From 1-4-2023 ₹1675 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Sri Nainarswamy Garden Item-ii

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Sri Nainarswamy Garden Item-II guideline value

The current guideline value of Sri Nainarswamy Garden Item-II is Rs 1,850 per sq.ft, effective from 1 July 2024. This property is located in Thundalam village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of Sri Nainarswamy Garden Item-II has changed

The guideline value for Sri Nainarswamy Garden Item-II has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 1,850 per sq.ft, which represents a 10% increase from the 2023 revision of Rs 1,675 per sq.ft. Prior to 2023, the guideline value remained unchanged at Rs 1,675 per sq.ft since the 2017 revision. The register does not have figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from 2017 to 2024, the guideline value has increased by 10%. The 2024 figure of Rs 1,850 per sq.ft is below the median guideline value of Rs 1,870 per sq.ft for the 97 streets in Thundalam under the Chennai South Joint I SRO.

Guideline values in Thundalam

In Thundalam, the guideline values for properties range from Rs 1,100 to Rs 3,300 per sq.ft, with a median value of Rs 1,870 per sq.ft. The guideline value for Sri Nainarswamy Garden Item-II is below this median, indicating a relatively lower valuation compared to other streets in the area.

Stamp duty and registration fee for property in Sri Nainarswamy Garden Item-II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,850 per sq.ft, the total guideline value amounts to Rs 18,50,000. The stamp duty at 7% would be Rs 1,29,500, and the registration fee at 2% would be Rs 37,000, bringing the total to Rs 1,66,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Sri Nainarswamy Garden Item-II?

The Sri Nainarswamy Garden Item-II falls under the jurisdiction of the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Thundalam. It is used to calculate the stamp duty and registration fees, which are mandatory for completing the sale or purchase of property. Buyers and sellers must ensure that they are aware of the current guideline value to avoid any discrepancies during the registration process.

When a property is sold, the guideline value is compared with the sale price to determine the applicable duty. The higher amount is used to calculate the stamp duty, ensuring that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Nainarswamy Garden Item-II?

The current guideline value of Sri Nainarswamy Garden Item-II is Rs 1,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,675 per sq.ft in 2023 to Rs 1,850 per sq.ft in 2024, reflecting a 10% increase. There was no change from 2017 to 2023, with the value remaining at Rs 1,675 per sq.ft.

What is the land classification for Sri Nainarswamy Garden Item-II?

Sri Nainarswamy Garden Item-II is classified as Residential Class III Type - II, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for this property?

The Sub Registrar Office covering Sri Nainarswamy Garden Item-II is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is the stamp duty calculated for properties in Thundalam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 18,50,000, the stamp duty would be 7% of that amount.