Guideline Value for N.M.ROAD

N.M.Road guideline value

The current guideline value of N.M.Road in Thandurai village, under the Avadi SRO, is Rs 2,640 per sq.ft, effective from 1 July 2024. This area is classified as Commercial Special Type - II.

How the guideline value of N.M.Road has changed

The guideline value for N.M.Road has undergone several revisions over the years. In 2012, the value was set at Rs 2,400 per sq.ft. This figure decreased by 33% to Rs 1,608 per sq.ft in 2017. Following this, the value increased significantly by 49% to Rs 2,400 per sq.ft in 2023, and then rose by 10% to the current value of Rs 2,640 per sq.ft in 2024.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO, with guideline values ranging from Rs 800 to Rs 2,640 per sq.ft. The median value for these streets is Rs 988 per sq.ft, placing N.M.Road's 2024 figure above this median.

• North Bajar: Rs 1,950 per sq.ft (2024)
• Om Ganapathy Nagar: Rs 801 per sq.ft (2024)
• New Avadi Road: Rs 800 per sq.ft (2024)
• Om Saravana Nagar: Rs 988 per sq.ft (2024)
• Om Sri Mahalakshmi Nagar: Rs 989 per sq.ft (2024)
• Nethaji St (M.T.H.Road Southern Side): Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in N.M.Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,640 per sq.ft, the total guideline value would be Rs 26,40,000. The stamp duty at 7% would amount to Rs 1,84,800, while the registration fee at 2% would be Rs 52,800. Together, the total cost for these fees would be Rs 2,37,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers N.M.Road?

The Sub Registrar Office that covers N.M.Road is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Thandurai. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded at a value that reflects the current market standards set by the Registration Department.

Frequently asked questions

What is the current guideline value of N.M.Road?

The current guideline value of N.M.Road is Rs 2,640 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,400 per sq.ft in 2012 to Rs 1,608 per sq.ft in 2017, then increased to Rs 2,400 per sq.ft in 2023, and is now Rs 2,640 per sq.ft in 2024.

What is the median guideline value in Thandurai?

The median guideline value for streets in Thandurai is Rs 988 per sq.ft, with N.M.Road's current value being above this median.

What are the registration fees for properties on N.M.Road?

The registration fees for properties on N.M.Road include a stamp duty of 7% and a registration fee of 2%, calculated on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for N.M.Road?

The Avadi Sub Registrar Office handles property registrations for N.M.Road, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.