Guideline Value

Corporate

Guideline Value for Sri Arunachala Nagar

₹990/sq.ft.

The guideline value for Sri Arunachala Nagar in Nandambakkam village (Padappai SRO, Chennai zone) is Rs 990 per sq.ft, effective 1 July 2024. It was Rs 900 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:

Chennai

Zone

Nandambakkam

Village

Padappai

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹990 /sq.ft.
From 1-4-2023 ₹900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹603 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹900 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹75 /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)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[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 Arunachala Nagar

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Sri Arunachala Nagar guideline value

The current guideline value of Sri Arunachala Nagar is Rs 990 per sq.ft, effective from 1 July 2024. This area is located in Nandambakkam village and falls under the Padappai SRO, classified as Residential Special Type - I.

How the guideline value of Sri Arunachala Nagar has changed

The guideline value for Sri Arunachala Nagar has seen significant changes over the years. In the 2007 revision, the value was set at Rs 75 per sq.ft. This figure dramatically increased to Rs 900 per sq.ft in the 2012 revision, marking a rise of 1,100%. However, the value then dropped to Rs 603 per sq.ft in 2017, reflecting a decrease of 33%. The 2023 revision saw the value rise to Rs 900 per sq.ft, and the most recent 2024 revision has set it at Rs 990 per sq.ft, an increase of 10% from the previous year.

Notably, the register does not have figures for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 1,220%.

Guideline values in Nandambakkam

Nandambakkam has a total of 94 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,300 per sq.ft. The median value for these streets is Rs 880 per sq.ft, placing Sri Arunachala Nagar's 2024 figure above this median.

Stamp duty and registration fee for property in Sri Arunachala Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, while the registration fee at 2% would be Rs 19,800. Together, the total cost for stamp duty and registration would be Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Arunachala Nagar?

The Sub Registrar Office that covers Sri Arunachala Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Nandambakkam. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees. This ensures that the government collects the appropriate taxes based on the official valuation of the property.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the total cost of the transaction. Understanding these values can help in better planning and budgeting for property purchases in the area.

Frequently asked questions

What is the current guideline value of Sri Arunachala Nagar?

The current guideline value of Sri Arunachala Nagar is Rs 990 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 75 per sq.ft in 2007 to Rs 990 per sq.ft in 2024, marking an overall increase of 1,220%.

What are the stamp duty and registration fees for properties in Sri Arunachala Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 9,90,000. The stamp duty would be Rs 69,300 and the registration fee would be Rs 19,800, totaling Rs 89,100.

Which office handles property registrations in Sri Arunachala Nagar?

The Padappai Sub Registrar Office handles property registrations for Sri Arunachala Nagar, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How does the guideline value affect property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is crucial for buyers and sellers to be aware of this value to plan their budgets accordingly.