Guideline Value for NEMALI ADIDRAVIDAR STREET

Nemali Adidravidar Street guideline value

The current guideline value of Nemali Adidravidar Street is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in the village of Cheyyur, under the Cheyyur SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Nemali Adidravidar Street has changed

In the 2017 revision, the guideline value for Nemali Adidravidar Street was Rs 33 per sq.ft. This figure remained unchanged in the subsequent revisions of 2002, 2003, 2007, and 2012, as the register has no figure for this street in those years. The guideline value saw a significant increase of 203% to Rs 100 per sq.ft in the 2023 revision, which then remained the same in the 2024 revision, showing no change from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 203%. The current rate of Rs 100 per sq.ft is consistent with the 2023 revision, indicating stability in the guideline value for this street over the last year.

Guideline values in Cheyyur - A

In the village of Cheyyur - A, there are 64 streets under the Cheyyur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 500 per sq.ft, with a median value of Rs 101 per sq.ft. Nemali Adidravidar Street's 2024 figure is below this median.

• Niyayavelaikadai Street: Rs 200 per sq.ft (2024)
• Nadu Theru Mettutheru: Rs 100 per sq.ft (2024)
• Palaiyar Madam Mandaba Street: Rs 350 per sq.ft (2024)
• Palaiyarmadam Road: Rs 350 per sq.ft (2024)
• Palaiyur Madam C.R.Kalathumedu Street: Rs 350 per sq.ft (2024)
• Palaiyur Madam Cross Street: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Nemali Adidravidar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total cost for these fees to Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details on calculating these fees.

Which Sub Registrar Office covers Nemali Adidravidar Street?

The Sub Registrar Office that covers Nemali Adidravidar Street is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Cheyyur - A

The guideline value plays a crucial role in the registration process when buying or selling property in Cheyyur - A. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that both parties are aware of the financial obligations involved.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the property's value at the time of the transaction.

Frequently asked questions

What is the current guideline value of Nemali Adidravidar Street?

The current guideline value of Nemali Adidravidar Street is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Nemali Adidravidar Street has changed from Rs 33 per sq.ft in 2017 to Rs 100 per sq.ft in 2023 and 2024, representing an overall increase of 203% since 2017.

What is the land classification of Nemali Adidravidar Street?

Nemali Adidravidar Street is classified as Residential Class IV Type - II.

Where is the Cheyyur Sub Registrar Office located?

The Cheyyur Sub Registrar Office is located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone.

How is the stamp duty calculated for properties on Nemali Adidravidar Street?

Stamp duty for properties on Nemali Adidravidar Street is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 at a rate of 7%.