Guideline Value

Corporate

Guideline Value for Shanthi Nagar I

₹100/sq.ft.

The guideline value for Shanthi Nagar I in Nedumbaram village (Thiruttani SRO, Chennai zone) is Rs 100 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nedumbaram

Village

Thiruttani

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹100 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 N/A
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)

No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209
044-27881504
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Shanthi Nagar I

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Shanthi Nagar I guideline value

The current guideline value of Shanthi Nagar I is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Nedumbaram village under the Thiruttani SRO and is classified as Residential Class II Type - II.

How the guideline value of Shanthi Nagar I has changed

The guideline value register does not provide figures for Shanthi Nagar I for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 100 per sq.ft.

Since there are no figures available for the previous revisions, there have been no changes recorded in the guideline value for Shanthi Nagar I over the years.

Guideline values in Nedumbaram

In Nedumbaram village, the 2024 guideline values for the streets under the Thiruttani SRO range from Rs 100 to Rs 500 per sq.ft, with a median value of Rs 151 per sq.ft. The guideline value for Shanthi Nagar I is below this median.

Stamp duty and registration fee for property in Shanthi Nagar I

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, together totaling Rs 9,000. It is important to note that 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 Shanthi Nagar I?

The Sub Registrar Office that covers Shanthi Nagar I is the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Nedumbaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Shanthi Nagar I?

The current guideline value of Shanthi Nagar I is Rs 100 per sq.ft, effective from 1 July 2024.

What is the land classification for Shanthi Nagar I?

Shanthi Nagar I is classified as Residential Class II Type - II.

Are there any previous guideline values for Shanthi Nagar I?

The guideline value register does not provide figures for Shanthi Nagar I for the years 2002, 2003, 2007, 2012, 2017, and 2023.

How is the stamp duty calculated for properties in Shanthi Nagar I?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For instance, for a 1,000 sq.ft plot with a guideline value of Rs 1,00,000, the stamp duty would be Rs 7,000.

Where can I find the Thiruttani Sub Registrar Office?

The Thiruttani Sub Registrar Office is located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.