Guideline Value for Nadesan Street (Srisakthi Nagar)

Nadesan Street (Srisakthi Nagar) guideline value

The current guideline value of Nadesan Street (Srisakthi Nagar) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO and is classified as Residential Class I Type - I.

How the guideline value of Nadesan Street (Srisakthi Nagar) has changed

The guideline value for Nadesan Street (Srisakthi Nagar) has seen several revisions over the years. The 2012 revision set the value at Rs 2,200 per sq.ft, which decreased to Rs 1,474 per sq.ft in the 2017 revision, marking a decline of 33%. The most recent revision in 2024 increased the value to Rs 2,400 per sq.ft, reflecting a significant rise of 63% from the 2017 figure.

Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 9%. It is important to note that the register has no figures for Nadesan Street for the years 2002, 2003, 2007, and 2023.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,400 per sq.ft, which is equal to the current figure for Nadesan Street (Srisakthi Nagar).

• Nagammai Nagar 1st Street: Rs 1,500 per sq.ft (2024)
• Nagammai Nagar 2nd Street: Rs 1,500 per sq.ft (2024)
• Nagammai Nagar 3rd Street: Rs 1,500 per sq.ft (2024)
• Nagammai Nagar 4th Street: Rs 1,500 per sq.ft (2024)
• Nagammai Nagar 5th Street: Rs 1,500 per sq.ft (2024)
• Nagammai Nagar 6th Street: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Nadesan Street (Srisakthi Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total fees together to Rs 2,16,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nadesan Street (Srisakthi Nagar)?

The Sub Registrar Office that covers Nadesan Street (Srisakthi Nagar) 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 Thirumullaivoyal

The guideline value is a crucial factor in the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees payable during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Nadesan Street (Srisakthi Nagar)?

The current guideline value of Nadesan Street (Srisakthi Nagar) is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, and then rising to Rs 2,400 per sq.ft in 2024.

What is the land classification for Nadesan Street (Srisakthi Nagar)?

Nadesan Street (Srisakthi Nagar) is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for Nadesan Street (Srisakthi Nagar)?

The Sub Registrar Office for Nadesan Street (Srisakthi Nagar) is the Ambattur Sub Registrar Office, 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 Thirumullaivoyal?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. This ensures that the correct fees are paid during the registration process.