Guideline Value

Corporate

Guideline Value for SUNDARIYAMMAL AVENUE

₹330/sq.ft.

The guideline value for Sundariyammal Avenue in Nanthiambakkam village (Thiruvottiyur SRO, Chennai zone) is Rs 330 per sq.ft, effective 1 July 2024. It was Rs 300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nanthiambakkam

Village

Thiruvottiyur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹330 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹50 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹42 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[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 Sundariyammal Avenue

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Sundariyammal Avenue guideline value

The current guideline value of Sundariyammal Avenue is Rs 330 per sq.ft, effective from 1 July 2024. This street is located in Nanthiambakkam village under the Thiruvottiyur SRO, and is classified as Residential Special Type - II.

How the guideline value of Sundariyammal Avenue has changed

The guideline value for Sundariyammal Avenue has seen several revisions over the years. In 2003, the guideline value was Rs 42 per sq.ft, which increased to Rs 50 per sq.ft in 2007. A significant jump occurred in 2012, bringing the value to Rs 300 per sq.ft, but this was followed by a decrease to Rs 201 per sq.ft in 2017. The value then rose again to Rs 300 per sq.ft in 2023, and currently stands at Rs 330 per sq.ft as of the 2024 revision, reflecting a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 686%. The register has no figure for Sundariyammal Avenue in 2002.

Guideline values in Nanthiambakkam

In Nanthiambakkam, there are 85 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 275 to Rs 770 per sq.ft. The median value for these streets is Rs 330 per sq.ft, which is equal to the current guideline value of Sundariyammal Avenue.

Stamp duty and registration fee for property in Sundariyammal Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would amount to Rs 6,600, totaling Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sundariyammal Avenue?

The Sub Registrar Office that covers Sundariyammal Avenue is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for further assistance.

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

The guideline value is an essential factor when registering a property in Nanthiambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property transaction. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the applicable charges, ensuring that both parties are aware of the financial obligations involved in the transaction. This helps in maintaining transparency and adherence to the legal framework governing property sales in the region.

Frequently asked questions

What is the current guideline value of Sundariyammal Avenue?

The current guideline value of Sundariyammal Avenue is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 42 per sq.ft in 2003 to Rs 330 per sq.ft in 2024, reflecting an overall increase of 686% over the years.

What are the stamp duty and registration fees for properties in Sundariyammal Avenue?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 29,700.

Which office handles property registrations in Sundariyammal Avenue?

The Thiruvottiyur Sub Registrar Office handles property registrations for Sundariyammal Avenue, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the significance of guideline value in property transactions?

The guideline value is crucial for calculating stamp duty and registration fees during property transactions. It ensures that both buyers and sellers are aware of the financial obligations involved in the registration process.