Guideline Value for NESAMANI NAGAR

Nesamani Nagar guideline value

The current guideline value of Nesamani Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024. This area is located in Perumbakkam village under the Selaiyur SRO and is classified as Residential Class I Type - I.

How the guideline value of Nesamani Nagar has changed

Over the years, the guideline value of Nesamani Nagar has seen several revisions. The 2012 revision set the value at Rs 2,200 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 1,474 per sq.ft. The value then increased significantly by 70% to Rs 2,500 per sq.ft in 2023, followed by a further increase of 10% to the current value of Rs 2,750 per sq.ft in 2024.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, the guideline value has increased by 25% from 2012 to 2024.

Guideline values in Perumbakkam

In Perumbakkam, there are 225 streets under the Selaiyur SRO that have a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft. The median value for these streets is Rs 2,725 per sq.ft, placing Nesamani Nagar's 2024 figure above this median.

• Nethaji Nagar 1st - 17th Street: Rs 1,600 per sq.ft (2024)
• Nethaji Nagar Main Road: Rs 1,600 per sq.ft (2024)
• Nehru Street: Rs 3,300 per sq.ft (2024)
• Nehru Cross Street: Rs 3,300 per sq.ft (2024)
• Natesan Street: Rs 1,175 per sq.ft (2024)
• Nookampalayam Arasan Kalani Main Road: Rs 2,725 per sq.ft (2024)

Stamp duty and registration fee for property in Nesamani Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. 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.

Which Sub Registrar Office covers Nesamani Nagar?

Nesamani Nagar falls under the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Perumbakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Nesamani Nagar?

The current guideline value of Nesamani Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 25% over this period.

What are the stamp duty and registration fees for property in Nesamani Nagar?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which Sub Registrar Office covers Nesamani Nagar?

Nesamani Nagar is covered by the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the land classification of Nesamani Nagar?

Nesamani Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.