Guideline Value for TATA Nagar

TATA Nagar guideline value

The current guideline value of TATA Nagar, located in Attanthangal village under the Redhills SRO, is Rs 550 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of TATA Nagar has changed

The guideline value for TATA Nagar has seen several revisions over the years. Starting from the 2003 revision, the value was Rs 20 per sq.ft. This figure increased significantly to Rs 300 per sq.ft in 2007, marking a change of +1400%. The 2012 revision saw a decrease to Rs 500 per sq.ft, which was a drop of -33%. In 2017, the value increased again to Rs 335 per sq.ft, followed by a substantial rise to Rs 500 per sq.ft in 2023, reflecting a change of +49%. The most recent revision in 2024 set the guideline value at Rs 550 per sq.ft, an increase of +10% from the previous year.

Notably, the register has no figure for the year 2002 for TATA Nagar. Overall, from 2003 to 2024, the guideline value has increased by +2650%.

Guideline values in Attanthangal

In Attanthangal, there are 80 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 880 per sq.ft, with a median value of Rs 880 per sq.ft. TATA Nagar's 2024 guideline value of Rs 550 per sq.ft is below this median.

• Thiruvallur Nedunchalai: Rs 880 per sq.ft (2024)
• Throwbathiamman Nagar: Rs 550 per sq.ft (2024)
• Sri Mahalakshmi Nagar: Rs 880 per sq.ft (2024)
• Sri Ganapathy Nagar: Rs 880 per sq.ft (2024)
• S.P.M. Nagar: Rs 550 per sq.ft (2024)
• Veerapandi Nagar: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in TATA Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total to Rs 49,500. 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 TATA Nagar?

TATA Nagar falls under the jurisdiction of the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Attanthangal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of TATA Nagar?

The current guideline value of TATA Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, starting from Rs 20 per sq.ft in 2003 to Rs 550 per sq.ft in 2024, reflecting an overall increase of +2650% over this period.

What is the stamp duty rate for properties in TATA Nagar?

The stamp duty rate for properties in TATA Nagar is 7% of the guideline value or sale price, whichever is higher.

Where is the Redhills Sub Registrar Office located?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How do I calculate the registration fee for a property in TATA Nagar?

The registration fee is calculated at 2% of the guideline value or sale price, whichever is higher. For example, a property valued at Rs 5,50,000 would incur a registration fee of Rs 11,000.