Guideline Value for NAMBI NAGAR 3RD STREET

Nambi Nagar 3rd Street guideline value

The current guideline value of Nambi Nagar 3rd Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Poonthamallee village under the Poonamallee SRO and is classified as Residential Class II Type - I.

How the guideline value of Nambi Nagar 3rd Street has changed

The guideline value for Nambi Nagar 3rd Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which then decreased to Rs 1,340 per sq.ft in the 2017 revision. Following this, the value increased to Rs 2,000 per sq.ft in 2023, and the latest revision in 2024 raised it to Rs 2,200 per sq.ft. The changes between these revisions include a significant increase of 49% from 2017 to 2023, followed by a 10% increase from 2023 to 2024. The overall change from 2012 to 2024 is +10%.

The register does not have figures for the years 2002, 2003, and 2007 for this street. This lack of data means we cannot assess any changes during those years.

Guideline values in Poonthamallee

In Poonthamallee village, there are 257 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 1,980 to Rs 4,950 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, which is equal to the current value of Nambi Nagar 3rd Street.

• Nambi Nagar 3rd Cross Street: Rs 2,200 per sq.ft (2024)
• Nambi Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• Nambi Nagar 2nd Street 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Nambi Nagar First Street: Rs 2,200 per sq.ft (2024)
• Nambi Nagar 2nd Street: Rs 2,200 per sq.ft (2024)
• Nambi Nagar Main Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Nambi Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total charges Rs 1,98,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nambi Nagar 3rd Street?

The Sub Registrar Office covering Nambi Nagar 3rd Street is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Poonthamallee. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is essential for buyers to be aware of this value to ensure they pay the correct fees and avoid any legal issues during the registration process.

Frequently asked questions

What is the current guideline value of Nambi Nagar 3rd Street?

The current guideline value of Nambi Nagar 3rd Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What are the other streets in Poonthamallee with the same guideline value?

Other streets in Poonthamallee with a guideline value of Rs 2,200 per sq.ft include Nambi Nagar 3rd Cross Street, Nambi Nagar 4th Street, Nambi Nagar 2nd Street 1st Cross Street, Nambi Nagar First Street, Nambi Nagar 2nd Street, and Nambi Nagar Main Street.

What fees are associated with buying property in Nambi Nagar 3rd Street?

When buying property in Nambi Nagar 3rd Street, you will need to pay stamp duty at 7% and a registration fee at 2% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Nambi Nagar 3rd Street?

The Sub Registrar Office for Nambi Nagar 3rd Street is located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find more information about it online.