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Guideline Value

Corporate

Guideline Value for SURYA NAGAR/ AVANUE

₹330/sq.ft.

The guideline value for Surya Nagar/ Avanue 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 ₹35 /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 Surya Nagar/ Avanue

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Surya Nagar/ Avanue guideline value

The current guideline value of Surya Nagar/ Avanue is Rs 330 per sq.ft, effective from 1 July 2024. This area is located in Nanthiambakkam village and falls under the Thiruvottiyur SRO. The land classification for this street is Residential Special Type - II.

How the guideline value of Surya Nagar/ Avanue has changed

The guideline value for Surya Nagar/ Avanue has seen several revisions over the years. Starting from Rs 35 per sq.ft in 2003, the value increased to Rs 50 per sq.ft in 2007, followed by a significant jump to Rs 300 per sq.ft in 2012. However, it decreased to Rs 201 per sq.ft in 2017 before rising again to Rs 300 per sq.ft in 2023. The latest revision in 2024 has set the guideline value at Rs 330 per sq.ft, marking a 10% increase from the previous year.

In summary, the changes between revisions show a substantial overall increase of 843% from 2003 to 2024. The value rose by 49% from 2017 to 2023, while there was a notable decrease of 33% from 2012 to 2017. The revision for 2002 does not have a figure for this street.

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, with the median being Rs 330 per sq.ft. The guideline value for Surya Nagar/ Avanue matches this median.

Stamp duty and registration fee for property in Surya Nagar/ Avanue

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

Which Sub Registrar Office covers Surya Nagar/ Avanue?

The Sub Registrar Office that covers Surya Nagar/ Avanue is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nanthiambakkam. It serves as a reference point for determining the value of the property for stamp duty and registration fees. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during transactions.

When a property is registered, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the correct revenue based on the property's assessed value, which is critical for maintaining transparency in real estate transactions.

Frequently asked questions

What is the current guideline value of Surya Nagar/ Avanue?

The current guideline value of Surya Nagar/ Avanue 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 35 per sq.ft in 2003 to Rs 330 per sq.ft in 2024, reflecting an overall increase of 843% over this period.

What are the stamp duty and registration fees for property in Surya Nagar/ Avanue?

For a 1,000 sq.ft plot at the guideline value of Rs 330 per sq.ft, the total guideline value is Rs 3,30,000. The stamp duty would be Rs 23,100, and the registration fee would be Rs 6,600, totaling Rs 29,700.

Which office handles property registration for Surya Nagar/ Avanue?

The Thiruvottiyur Sub Registrar Office handles property registration for Surya Nagar/ Avanue, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that the property is assessed fairly for tax purposes, which is essential for legal compliance.