Guideline Value for 227/6Part

227/6Part guideline value

The current guideline value for 227/6Part in Nedunkumdram village is Rs 1,650 per sq.ft, effective from 1 July 2024. This property falls under the Tambaram Joint 1 SRO and is classified as Residential Special Type - I.

How the guideline value of 227/6Part has changed

The guideline value for 227/6Part has undergone several revisions over the years. In 2012, the value was set at Rs 1,500 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 1,005 per sq.ft. However, from 2017 to 2023, the value increased significantly to Rs 1,500 per sq.ft, marking a 49% rise. The most recent revision in 2024 has increased the guideline value to Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 10%.

Guideline values in Nedunkumdram

Nedunkumdram village has 75 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 330 to Rs 5,300 per sq.ft as of 2024. The median guideline value for these streets is Rs 2,200 per sq.ft, and the value for 227/6Part is below this median.

• Ssm Nagar: Rs 1,210 per sq.ft (2024)
• Sri Sai Avenue: Rs 3,300 per sq.ft (2024)
• Square Deck Layout: Rs 2,200 per sq.ft (2024)
• S & P Signature Villas: Rs 1,650 per sq.ft (2024)
• Sbjh Garden: Rs 1,980 per sq.ft (2024)
• Saraswathi Nagar Extension: Rs 1,430 per sq.ft (2024)

Stamp duty and registration fee for property in 227/6Part

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total fees to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers 227/6Part?

The 227/6Part property is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for additional assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Nedunkumdram. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value for 227/6Part?

The current guideline value for 227/6Part in Nedunkumdram is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for 227/6Part has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,650 per sq.ft in 2024, with notable changes in between, including a decrease to Rs 1,005 per sq.ft in 2017 and an increase to Rs 1,500 per sq.ft in 2023.

What is the land classification for 227/6Part?

The land classification for 227/6Part is Residential Special Type - I, indicating its designated use within the village.

Where can I find the Tambaram Joint 1 Sub Registrar Office?

The Tambaram Joint 1 Sub Registrar Office is located at No.26, Mes Road, East Tambaram, Chennai-600059, within the Chengalpattu registration zone.

How do I calculate stamp duty and registration fees for properties in Nedunkumdram?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for accurate calculations.