Guideline Value for HOME LAND NEMRA

Home Land Nemra guideline value

The current guideline value for Home Land Nemra is Rs 3,300 per sq.ft, effective from 1 July 2024. This property is located in Nedunkumdram village under the Tambaram Joint 1 SRO and is classified as Residential Class II Type - IV.

How the guideline value of Home Land Nemra has changed

Over the years, the guideline value for Home Land Nemra has seen several revisions. The 2017 revision set the value at Rs 2,000 per sq.ft. This was followed by a significant increase to Rs 3,000 per sq.ft in the 2023 revision, marking a 50% rise. The most recent revision in 2024 has further increased the guideline value to Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 65%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Nedunkumdram

Nedunkumdram village has a total of 75 streets under the Tambaram Joint 1 SRO, with 2024 guideline values ranging from Rs 330 to Rs 5,300 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, making the guideline value for Home Land Nemra above that median.

• Homeland One: Rs 3,300 per sq.ft (2024)
• Homeland One Phase -5: Rs 2,200 per sq.ft (2024)
• Homeland One Phase - II: Rs 3,300 per sq.ft (2024)
• Indirani Nagar: Rs 1,320 per sq.ft (2024)
• Isha Anandham: Rs 1,980 per sq.ft (2024)
• Isha Merri Land: Rs 2,660 per sq.ft (2024)

Stamp duty and registration fee for property in Home Land Nemra

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Home Land Nemra?

The Sub Registrar Office that covers Home Land Nemra is 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 more details.

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

The guideline value plays a crucial role during the registration of property transactions in Nedunkumdram. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these fees are calculated based on a standardized value set by the government.

It is essential for buyers and sellers to be aware of the guideline value, as it directly impacts the overall cost of the transaction. The guideline value is regularly updated, reflecting changes in the real estate market and local conditions.

Frequently asked questions

What is the current guideline value for Home Land Nemra?

The current guideline value for Home Land Nemra is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Home Land Nemra has increased from Rs 2,000 per sq.ft in 2017 to Rs 3,300 per sq.ft in 2024, marking a total increase of 65% over this period.

What is the land classification for Home Land Nemra?

Home Land Nemra is classified as Residential Class II Type - IV, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Home Land Nemra?

The Tambaram Joint 1 Sub Registrar Office covers Home Land Nemra and is located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in Home Land Nemra?

Stamp duty for properties in Home Land Nemra is calculated at 7% of the guideline value or the sale price, whichever is higher. In addition, a registration fee of 2% is also applicable.