Guideline Value for Nadesa Pillai Street

Nadesa Pillai Street guideline value

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

How the guideline value of Nadesa Pillai Street has changed

The guideline value for Nadesa Pillai Street has undergone several revisions over the years. The 2012 revision set the value at Rs 4,200 per sq.ft, which then decreased to Rs 2,814 per sq.ft in 2017. Following this, the value increased significantly to Rs 4,200 per sq.ft in 2023 and further to Rs 4,600 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a 10% increase. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that have a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft, with a median value of Rs 3,600 per sq.ft. The guideline value of Nadesa Pillai Street is above this median.

• Nadesan Street: Rs 4,600 per sq.ft (2024)
• Nadesa muthali Street (varadharajapuram): Rs 4,000 per sq.ft (2024)
• Nadesa Mudali Street (Venkatapuram): 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 Pillai Street

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, totaling Rs 4,14,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Nadesa Pillai Street?

The Sub Registrar Office that covers Nadesa Pillai Street 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

The guideline value is a crucial factor when registering property transactions in Ambattur. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property sales.

When buyers and sellers agree on a sale price, the guideline value will be referenced during registration. If the sale price is lower than the guideline value, the higher guideline value will be used to calculate the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Nadesa Pillai Street?

The current guideline value of Nadesa Pillai Street 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 Pillai Street?

Nadesa Pillai Street is classified as Mixed Type - I under the land classification system.

What is the stamp duty rate for properties in Nadesa Pillai Street?

The stamp duty rate for properties in Nadesa Pillai Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Nadesa Pillai Street?

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