Guideline Value for T.N.R. NAGAR

T.N.R. Nagar guideline value

The current guideline value for T.N.R. Nagar in Perumpakkam village is Rs 680 per sq.ft, effective from 1 July 2024. This area falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class II Type - II.

How the guideline value of T.N.R. Nagar has changed

The guideline value for T.N.R. Nagar has seen several revisions over the years. In 2017, the guideline value was Rs 419 per sq.ft. This increased to Rs 626 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 680 per sq.ft, reflecting a further increase of 9% from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 62%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Perumpakkam

In Perumpakkam, there are 17 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 680 to Rs 1,650 per sq.ft. The median value of these streets is Rs 770 per sq.ft, indicating that T.N.R. Nagar's 2024 figure is below this median.

• Veera Raghuavar Nagar: Rs 1,099 per sq.ft (2024)
• Srivari Nagar: Rs 1,650 per sq.ft (2024)
• Srivari Avenue: Rs 680 per sq.ft (2024)
• Sri Karparga Vinayagar Nagar: Rs 680 per sq.ft (2024)
• Saraswathi Nagar: Rs 770 per sq.ft (2024)
• Sambandham Garden: Rs 1,099 per sq.ft (2024)

Stamp duty and registration fee for property in T.N.R. Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 680 per sq.ft, the total guideline value amounts to Rs 6,80,000. The stamp duty at 7% would be Rs 47,600, and the registration fee at 2% would be Rs 13,600, bringing the total fees together to Rs 61,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers T.N.R. Nagar?

The T.N.R. Nagar area is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Perumpakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that these costs are based on an officially recognized value of the property.

When a property transaction occurs, the guideline value is assessed to calculate the applicable fees. Buyers and sellers should be aware that these fees are calculated based on the higher value between the guideline value and the actual sale price.

Frequently asked questions

What is the current guideline value of T.N.R. Nagar?

The current guideline value of T.N.R. Nagar is Rs 680 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 419 per sq.ft to Rs 680 per sq.ft in 2024. This represents an overall increase of 62% over this period.

What are the other guideline values in Perumpakkam?

Other streets in Perumpakkam have varying guideline values, ranging from Rs 680 to Rs 1,650 per sq.ft. The median value for these streets is Rs 770 per sq.ft.

What are the stamp duty and registration fees for property in T.N.R. Nagar?

For a 1,000 sq.ft plot at the guideline value of Rs 680 per sq.ft, the total guideline value is Rs 6,80,000. The stamp duty and registration fee would amount to Rs 61,200 in total.

Which Sub Registrar Office covers T.N.R. Nagar?

The Tiruvallur Joint 1 Sub Registrar Office covers T.N.R. Nagar, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001.