Guideline Value for Nadesa muthali Street (varadharajapuram)

Nadesa muthali Street (varadharajapuram) guideline value

The current guideline value of Nadesa muthali Street (varadharajapuram) is Rs 4,000 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, and is classified as Residential Special Type - II.

How the guideline value of Nadesa muthali Street (varadharajapuram) has changed

The guideline value for Nadesa muthali Street (varadharajapuram) has seen several revisions over the years. The 2012 revision set the value at Rs 3,700 per sq.ft, which was then followed by a decrease to Rs 2,479 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 3,700 per sq.ft, and the latest 2024 revision has raised it further to Rs 4,000 per sq.ft, marking an 8% increase from the previous year.

In summary, the changes between revisions are as follows: from 2012 to 2017, there was a decrease of 33%, while from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 8%. The register has no figures for the years 2002, 2003, and 2007 for this street.

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 for these streets is Rs 3,600 per sq.ft, placing Nadesa muthali Street (varadharajapuram) above this median.

• Nadesa Mudali Street (Venkatapuram): Rs 4,600 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 muthali Street (varadharajapuram)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,000 per sq.ft, the total guideline value would be Rs 40,00,000. The stamp duty at 7% would amount to Rs 2,80,000, and the registration fee at 2% would be Rs 80,000, totaling Rs 3,60,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nadesa muthali Street (varadharajapuram)?

The Sub Registrar Office that covers Nadesa muthali Street (varadharajapuram) 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 critical factor when buying or selling property in Ambattur. It determines the minimum price at which a property can be registered, ensuring that the transaction is recorded accurately in the official register.

When a buyer approaches the registration office, the guideline value helps in calculating the applicable stamp duty and registration fees, which are necessary for completing the property transaction legally.

Frequently asked questions

What is the current guideline value of Nadesa muthali Street (varadharajapuram)?

The current guideline value of Nadesa muthali Street (varadharajapuram) is Rs 4,000 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 3,700 per sq.ft in 2012 to Rs 2,479 per sq.ft in 2017, then increased to Rs 3,700 per sq.ft in 2023, and finally to Rs 4,000 per sq.ft in 2024.

What is the classification of Nadesa muthali Street (varadharajapuram)?

Nadesa muthali Street (varadharajapuram) is classified as Residential Special Type - II under the guideline value register.

Where can I find the Sub Registrar Office for Nadesa muthali Street (varadharajapuram)?

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

How is 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. For example, for a property valued at Rs 40,00,000, the stamp duty would be Rs 2,80,000 at the rate of 7%.