Guideline Value for NAMMALVAR ST

Nammalvar St guideline value

The current guideline value of Nammalvar St in Vilingiyambakkam village, under the Avadi SRO, is Rs 935 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - II land classification.

How the guideline value of Nammalvar St has changed

The guideline value of Nammalvar St has undergone several revisions over the years. In the 2012 revision, the value was Rs 850 per sq.ft, which decreased to Rs 569 per sq.ft in the 2017 revision. However, the value saw a significant increase to Rs 850 per sq.ft in the 2023 revision, and then further rose to Rs 935 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%, while the overall change from the 2012 revision to the 2024 revision shows a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 4,400 per sq.ft. The median value is Rs 935 per sq.ft, which is equal to the guideline value of Nammalvar St.

• Nandavana Mettur Main Road: Rs 1,310 per sq.ft (2024)
• Nakkeeran St: Rs 810 per sq.ft (2024)
• Nagavalli Amman St: Rs 810 per sq.ft (2024)
• Nagavalli Amman Koil St: Rs 810 per sq.ft (2024)
• Nagarathinam Nagar: Rs 810 per sq.ft (2024)
• Natarajan St: Rs 935 per sq.ft (2024)

Stamp duty and registration fee for property in Nammalvar St

For a 1,000 sq.ft plot at the current guideline value of Rs 935 per sq.ft, the total guideline value would be Rs 9,35,000. The stamp duty at 7% would amount to Rs 65,450, and the registration fee at 2% would be Rs 18,700, bringing the total cost for these fees to Rs 84,150. 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 the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nammalvar St?

The Sub Registrar Office that covers Nammalvar St 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vilingiyambakkam. This value is used to determine the stamp duty and registration fees, which are necessary for the legal transfer of property ownership.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. The registration office utilizes this value to ensure that the fees collected are based on the established rates for the area.

Frequently asked questions

What is the current guideline value of Nammalvar St?

The current guideline value of Nammalvar St is Rs 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 850 per sq.ft in 2012 to Rs 569 per sq.ft in 2017, then increased to Rs 850 per sq.ft in 2023, and finally to Rs 935 per sq.ft in 2024.

What is the land classification of Nammalvar St?

Nammalvar St falls under the Residential Class II Type - II land classification.

What are the stamp duty and registration fees for property in Nammalvar St?

For a 1,000 sq.ft plot, the total guideline value is Rs 9,35,000, leading to a stamp duty of Rs 65,450 and a registration fee of Rs 18,700, totaling Rs 84,150.

Which Sub Registrar Office covers Nammalvar St?

The Avadi Sub Registrar Office covers Nammalvar St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.