Guideline Value

Corporate

Guideline Value for THIPPU JAYANTHI NAGAR

₹330/sq.ft.

The guideline value for Thippu Jayanthi Nagar in Melsingilimedu village (Thiruvottiyur SRO, Chennai zone) is Rs 330 per sq.ft, effective 1 July 2024. It was Rs 300 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Melsingilimedu

Village

Thiruvottiyur

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹330 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹300 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 ₹29 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹19 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[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 Thippu Jayanthi Nagar

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Thippu Jayanthi Nagar guideline value

The current guideline value of Thippu Jayanthi Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This area is located in Melsingilimedu village under the Thiruvottiyur SRO, classified as Commercial Class I Type - I.

How the guideline value of Thippu Jayanthi Nagar has changed

The guideline value for Thippu Jayanthi Nagar has seen significant changes over the years. In the 2002 revision, the guideline value was Rs 19 per sq.ft, which increased to Rs 29 per sq.ft in 2003. The value then rose dramatically to Rs 300 per sq.ft in 2012, but dropped to Rs 201 per sq.ft in 2017. The 2023 revision set the value at Rs 300 per sq.ft, and the most recent 2024 revision has increased it to Rs 330 per sq.ft.

Notably, the changes between revisions include a 53% increase from 2002 to 2003, followed by a 934% rise from 2003 to 2012. The value then decreased by 33% from 2012 to 2017, followed by a 49% increase from 2017 to 2023. The latest revision from 2023 to 2024 reflects a 10% increase. The register has no figure for this street for the year 2007.

Guideline values in Melsingilimedu

In Melsingilimedu, there are 14 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 880 per sq.ft, with a median value of Rs 330 per sq.ft. Thippu Jayanthi Nagar's current figure aligns with this median.

Stamp duty and registration fee for property in Thippu Jayanthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty at 7% would amount to Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total charges to Rs 29,700. It is important to note that 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 Thippu Jayanthi Nagar?

The Thippu Jayanthi Nagar area is covered by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. To locate your specific SRO, you can find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Melsingilimedu. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It helps in assessing the fair value of the property and is used to calculate the associated costs, including stamp duty and registration fees, which are mandatory for legal ownership transfer.

Frequently asked questions

What is the current guideline value of Thippu Jayanthi Nagar?

The current guideline value of Thippu Jayanthi Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 19 per sq.ft in 2002 to Rs 330 per sq.ft in 2024, reflecting significant increases and a few decreases over the years.

What is the registration office for Thippu Jayanthi Nagar?

The registration office for Thippu Jayanthi Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is stamp duty calculated for properties in Thippu Jayanthi Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 3,30,000, the stamp duty would be Rs 23,100 at the rate of 7%.

Where can I find more information about stamp duty and registration fees?

You can find more information and calculate the applicable fees using the stamp duty and registration fee calculator.