Guideline Value for Nadesan Street

Nadesan Street guideline value

The current guideline value of Nadesan Street is Rs 4,600 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village and falls under the Ambattur SRO. The land classification for this area is Mixed Type - I.

How the guideline value of Nadesan Street has changed

The guideline value for Nadesan Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 4,200 per sq.ft. This figure decreased to Rs 2,814 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the guideline value increased significantly to Rs 4,200 per sq.ft, representing a rise of 49%. The most recent revision in 2024 has set the value at Rs 4,600 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for Nadesan Street in the revisions from 2002, 2003, and 2007. 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, with a median value of Rs 3,600 per sq.ft. The guideline value for Nadesan Street is above this median.

• Nadesa Pillai 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 Nadesan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,600 per sq.ft, the total guideline value would be Rs 46,00,000. The stamp duty at 7% would amount to Rs 3,22,000, and the registration fee at 2% would be Rs 92,000, making the total cost for these fees Rs 4,14,000. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nadesan Street?

The Sub Registrar Office that covers Nadesan 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 in the registration of property transactions in Ambattur. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the current market conditions as determined by the government.

When buying or selling property, the guideline value helps in establishing a fair transaction price. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Nadesan Street?

The current guideline value of Nadesan 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 are the stamp duty and registration fees for property in Nadesan Street?

For a property valued at Rs 46,00,000, the stamp duty would be Rs 3,22,000, and the registration fee would be Rs 92,000, totaling Rs 4,14,000.

Which Sub Registrar Office covers Nadesan Street?

The Ambattur Sub Registrar Office covers Nadesan Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification for Nadesan Street?

The land classification for Nadesan Street is Mixed Type - I, indicating its diverse usage in the area.