Guideline Value for Nadesa Mudali Street (Venkatapuram)

Nadesa Mudali Street (Venkatapuram) guideline value

The current guideline value of Nadesa Mudali Street (Venkatapuram) is Rs 4,600 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, and is classified as Mixed Type - I land.

How the guideline value of Nadesa Mudali Street (Venkatapuram) has changed

The guideline value for Nadesa Mudali Street (Venkatapuram) has seen several revisions over the years. In 2012, the guideline value was Rs 4,200 per sq.ft, which decreased to Rs 2,814 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 4,200 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 4,600 per sq.ft, reflecting a 10% rise from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value in this area is Rs 3,600 per sq.ft, placing Nadesa Mudali Street (Venkatapuram) above that median.

• Nadesa muthali Street (varadharajapuram): Rs 4,000 per sq.ft (2024)
• Nadesan Street: Rs 4,600 per sq.ft (2024)
• Nadesa Pillai Street: Rs 4,600 per sq.ft (2024)
• Naga kanigai Kovil Street: Rs 4,600 per sq.ft (2024)
• Nainiammal lane: Rs 4,600 per sq.ft (2024)
• Nainiammal Street: Rs 4,600 per sq.ft (2024)

Stamp duty and registration fee for property in Nadesa Mudali Street (Venkatapuram)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,600 per sq.ft, the total guideline value amounts to Rs 46,00,000. The stamp duty at 7% would be Rs 3,22,000, and the registration fee at 2% would be Rs 92,000, bringing the total cost together to Rs 4,14,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Nadesa Mudali Street (Venkatapuram)?

The Sub Registrar Office that covers Nadesa Mudali Street (Venkatapuram) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

When buying or selling property in Ambattur, the guideline value plays a crucial role in determining the registration fees and stamp duty. The guideline value is set by the Registration Department and is used to calculate the applicable charges based on the property’s size and location.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly influences the financial aspects of property transactions. Ensuring that the property is registered at the correct guideline value helps in avoiding any legal issues in the future.

Frequently asked questions

What is the current guideline value of Nadesa Mudali Street (Venkatapuram)?

The current guideline value of Nadesa Mudali Street (Venkatapuram) is Rs 4,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,200 per sq.ft in 2012 to Rs 2,814 per sq.ft in 2017, then increased to Rs 4,200 per sq.ft in 2023, and finally to Rs 4,600 per sq.ft in 2024.

What is the land classification of Nadesa Mudali Street (Venkatapuram)?

Nadesa Mudali Street (Venkatapuram) is classified as Mixed Type - I land according to the guidelines.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Nadesa Mudali Street (Venkatapuram) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Ambattur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. In the case of Nadesa Mudali Street (Venkatapuram), the stamp duty is 7% of the guideline value.