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Guideline Value

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Guideline Value for Suryanarayana 5th lane

₹2200/sq.ft.

The guideline value for Suryanarayana 5th Lane in Tondaiarpet village (Royapuram SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. 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 N/A
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
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 5th Lane

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Suryanarayana 5th lane guideline value

The current guideline value of Suryanarayana 5th lane is Rs 2,200 per sq.ft, effective from 1 July 2024. This lane is located in Tondaiarpet village, under the Royapuram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Suryanarayana 5th lane has changed

The guideline value for Suryanarayana 5th lane has seen significant changes over the years. In the 2007 revision, the value was set at Rs 800 per sq.ft. This increased to Rs 1,340 per sq.ft in the 2017 revision, marking a change of +68%. The most recent revision in 2024 shows a further increase to Rs 2,200 per sq.ft, which is a +64% change from 2017. There are no figures available for the years 2023, 2012, 2003, and 2002 for this street.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +175%. This substantial rise reflects the changing landscape of property values in the area.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, positioning Suryanarayana 5th lane above this median.

Stamp duty and registration fee for property in Suryanarayana 5th lane

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. 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 Suryanarayana 5th lane?

The Suryanarayana 5th lane falls under the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process of property transactions 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 through stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of a property. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Suryanarayana 5th lane?

The current guideline value of Suryanarayana 5th lane is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 800 per sq.ft in 2007 to Rs 1,340 per sq.ft in 2017, and then to Rs 2,200 per sq.ft in 2024. Overall, this represents a +175% increase from 2007 to 2024.

What is the land classification for Suryanarayana 5th lane?

Suryanarayana 5th lane is classified as Residential Class I Type - I. This classification indicates the type of development allowed in the area.

Which Sub Registrar Office covers Suryanarayana 5th lane?

The Royapuram Sub Registrar Office covers Suryanarayana 5th lane, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

How is the stamp duty calculated for properties in Suryanarayana 5th lane?

The stamp duty for properties in Suryanarayana 5th lane is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000.