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Guideline Value

Corporate

Guideline Value for Suryanarayana 4th lane

₹2200/sq.ft.

The guideline value for Suryanarayana 4th Lane in Tondaiarpet village (Royapuram SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Tondaiarpet

Village

Royapuram

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
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 ₹800 /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 Suryanarayana 4th Lane

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Suryanarayana 4th lane guideline value

The current guideline value of Suryanarayana 4th lane is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the Royapuram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Suryanarayana 4th lane has changed

The guideline value for Suryanarayana 4th lane has seen significant changes over the years. In the 2007 revision, the value was set at Rs 800 per sq.ft. This figure increased to Rs 2,000 per sq.ft in the 2023 revision, marking a 150% increase over the 2007 figure. However, there are no figures available for the revisions in 2002, 2003, 2012, and 2017 for this street.

With the latest revision in 2024, the guideline value rose to Rs 2,200 per sq.ft, reflecting a 10% increase from the 2023 value. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 175%.

Guideline values in Tondaiarpet

Tondaiarpet village has a total of 1,384 streets under the Royapuram SRO, with guideline values ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value in this area is Rs 1,600 per sq.ft, positioning Suryanarayana 4th lane above that median.

Stamp duty and registration fee for property in Suryanarayana 4th lane

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. Together, the total cost would be Rs 1,98,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Suryanarayana 4th lane?

The Sub Registrar Office that covers Suryanarayana 4th lane is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Tondaiarpet. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When a buyer and seller agree on a sale price, the registration office will assess the guideline value to ensure that the transaction is in line with the established rates. If the sale price is lower than the guideline value, the higher amount will be used for calculating the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Suryanarayana 4th lane?

The current guideline value of Suryanarayana 4th lane is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2007?

Since 2007, the guideline value has increased from Rs 800 per sq.ft to Rs 2,200 per sq.ft in 2024, which is a total increase of 175% over the years.

What are the registration fees for property in Suryanarayana 4th lane?

The registration fee for property in Suryanarayana 4th lane is calculated based on the guideline value. For a plot of 1,000 sq.ft, the total registration fee would be Rs 44,000 at a rate of 2% of the guideline value.

Which Sub Registrar Office handles properties in Tondaiarpet?

The Royapuram Sub Registrar Office handles properties in Tondaiarpet, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

What is the median guideline value in Tondaiarpet?

The median guideline value in Tondaiarpet is Rs 1,600 per sq.ft, with Suryanarayana 4th lane's current value of Rs 2,200 per sq.ft being above this median.