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Guideline value, street

Guideline Value for Suriya Narayana Chetty Road (Royapuram Police Station To Kasimedu Police Station)

₹4900/sq.ft.effective 1 July 2024

Chennai zone Tondaiarpet village Royapuram SRO Commercial Special Type - I

The guideline value for Suriya Narayana Chetty Road (royapuram Police Station To Kasimedu Police Station) in Tondaiarpet village (Royapuram SRO, Chennai zone) is Rs 4900 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 9% change. The land classification is Commercial Special Type - I. Source: TNReginet guideline value register.

Last updated:

History
Period Guideline Value
From 1-7-2024 ₹4900 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1200 /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)

535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.
044-25960108
[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 Suriya Narayana Chetty Road (royapuram Police Station To Kasimedu Police Station)

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Suriya Narayana Chetty Road (Royapuram Police Station to Kasimedu Police Station) guideline value

The current guideline value of Suriya Narayana Chetty Road (Royapuram Police Station to Kasimedu Police Station) is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village under the Royapuram SRO, classified as Commercial Special Type - I.

How the guideline value of Suriya Narayana Chetty Road (Royapuram Police Station to Kasimedu Police Station) has changed

The guideline value has undergone several revisions over the years. In 2007, it was set at Rs 1,200 per sq.ft, which saw a significant increase to Rs 4,500 per sq.ft in both 2012 and 2023. However, there was no figure recorded for the years 2002, 2003, and 2017. The most recent revision in 2024 raised the guideline value to Rs 4,900 per sq.ft, marking a 9% increase from the previous year's value.

Overall, from 2007 to 2024, the guideline value has increased by 308%. The value remained consistent at Rs 4,500 per sq.ft between 2012 and 2023, with a substantial rise of 275% from 2007 to 2012.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO, with a 2024 guideline value range from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value for the area is Rs 1,600 per sq.ft, placing Suriya Narayana Chetty Road's 2024 figure above this median.

Stamp duty and registration fee for property in Suriya Narayana Chetty Road (Royapuram Police Station to Kasimedu Police Station)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, totaling Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Suriya Narayana Chetty Road (Royapuram Police Station to Kasimedu Police Station)?

The Sub Registrar Office covering Suriya Narayana Chetty Road is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering a property in Tondaiarpet. It determines the minimum price at which a property can be sold or purchased and is used to calculate the stamp duty and registration fees applicable at the time of registration.

When a property transaction occurs, the guideline value is compared to the sale price. The higher of the two values is considered for calculating the applicable taxes and fees, ensuring compliance with the registration requirements.

Frequently asked questions

What is the current guideline value of Suriya Narayana Chetty Road?

The current guideline value of Suriya Narayana Chetty Road (Royapuram Police Station to Kasimedu Police Station) is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 1,200 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, marking an overall increase of 308% over the years.

What are the stamp duty rates for properties on this road?

The stamp duty for properties on Suriya Narayana Chetty Road is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the registration office for this area?

The registration office for Suriya Narayana Chetty Road is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

What is the median guideline value in Tondaiarpet?

The median guideline value for Tondaiarpet is Rs 1,600 per sq.ft, with Suriya Narayana Chetty Road's current value exceeding this median.