Guideline Value for NEDUNCHELIYAN ST

Neduncheliyan St guideline value

The current guideline value of Neduncheliyan St is Rs 935 per sq.ft, effective from 1 July 2024. This street is located in Vilingiyambakkam village under the Avadi SRO and is classified as Residential Class II Type - II.

How the guideline value of Neduncheliyan St has changed

The guideline value for Neduncheliyan St has seen several revisions over the years. In 2012, the value was Rs 850 per sq.ft, which decreased to Rs 569 per sq.ft in 2017. This was a drop of 33%. However, from 2017 to 2023, the value increased significantly to Rs 850 per sq.ft, marking a rise of 49%. The most recent revision in 2024 set the value at Rs 935 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam village, 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 the same as the guideline value for Neduncheliyan St.

• Nehru Colony: Rs 800 per sq.ft (2024)
• Natarajan St: Rs 935 per sq.ft (2024)
• Nehru St: Rs 800 per sq.ft (2024)
• Nethaji St: Rs 935 per sq.ft (2024)
• Nandavana Mettur Main Road: Rs 1,310 per sq.ft (2024)
• Nammalvar St: Rs 935 per sq.ft (2024)

Stamp duty and registration fee for property in Neduncheliyan St

For a 1,000 sq.ft plot at the current rate of Rs 935 per sq.ft, the guideline value amounts to Rs 9,35,000. The stamp duty at 7% would be Rs 65,450, while the registration fee at 2% would be Rs 18,700, bringing the total 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 details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Neduncheliyan St?

The Sub Registrar Office covering Neduncheliyan 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 information.

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

The guideline value is an essential factor in property transactions in Vilingiyambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees.

During the registration process, the buyer will need to pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Neduncheliyan St?

The current guideline value of Neduncheliyan 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 for Neduncheliyan St?

Neduncheliyan St is classified as Residential Class II Type - II under the Avadi SRO.

Where can I find the Sub Registrar Office for Neduncheliyan St?

The Sub Registrar Office for Neduncheliyan 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.

How is stamp duty calculated for properties in Vilingiyambakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 9,35,000, the stamp duty would be calculated at 7% of this amount.