Guideline Value for NEDUNCHALAI

Nedunchalai guideline value

The current guideline value of Nedunchalai is Rs 878 per sq.ft, effective from 1 July 2024. This area is located in Chembarambakkam village, under the Poonamallee SRO, and is classified as Residential Class I Type - V.

How the guideline value of Nedunchalai has changed

Over the years, the guideline value of Nedunchalai has undergone several revisions. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 800 per sq.ft, which was then increased by 10% to Rs 878 per sq.ft in the 2024 revision.

This change reflects a significant adjustment, moving from Rs 800 per sq.ft in 2023 to Rs 878 per sq.ft in 2024. The current value is the latest revision and indicates the established rate for property transactions in this area.

Guideline values in Chembarambakkam

Chembarambakkam has a total of 64 streets under the Poonamallee SRO, with guideline values ranging from Rs 550 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, positioning Nedunchalai's 2024 figure below this median.

• N.E.S.Avenue: Rs 770 per sq.ft (2024)
• Olympia Mithila: Rs 2,800 per sq.ft (2024)
• Om Paragadeeswarar Nagar: Rs 1,100 per sq.ft (2024)
• Padavetamman Nagar: Rs 1,100 per sq.ft (2024)
• Mithila: Rs 3,960 per sq.ft (2024)
• Mgr Nagar 100/1: Rs 878 per sq.ft (2024)

Stamp duty and registration fee for property in Nedunchalai

For a 1,000 sq.ft plot at the current guideline value of Rs 878 per sq.ft, the total guideline value amounts to Rs 8,78,000. The stamp duty at 7% would be Rs 61,460, and the registration fee at 2% would be Rs 17,560, bringing the total to Rs 79,020. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nedunchalai?

The Sub Registrar Office that covers Nedunchalai 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 Chembarambakkam

The guideline value is a crucial factor in property transactions in Chembarambakkam, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with registration laws and to calculate applicable stamp duties and registration fees.

During the registration process, the guideline value is used to assess the stamp duty and registration fees. This ensures that both parties are aware of the financial obligations associated with the transaction, which are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Nedunchalai?

The current guideline value of Nedunchalai is Rs 878 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2023 to Rs 878 per sq.ft in 2024, reflecting a 10% increase. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Nedunchalai?

Nedunchalai is classified as Residential Class I Type - V, which indicates its designation for residential use under the Poonamallee SRO.

What are the other guideline values in Chembarambakkam?

In Chembarambakkam, guideline values range from Rs 550 to Rs 4,000 per sq.ft, with a median of Rs 1,100 per sq.ft. Nedunchalai's value of Rs 878 per sq.ft is below this median.

Where can I find the Sub Registrar Office for Nedunchalai?

The Sub Registrar Office for Nedunchalai is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.