Guideline Value for Nadesanar Street

Nadesanar Street guideline value

The current guideline value of Nadesanar Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Pazhanthandalam village under the Padappai SRO, and the land classification is Residential Special Type - I.

How the guideline value of Nadesanar Street has changed

The guideline value for Nadesanar Street has seen several revisions over the years. In the 2012 revision, the value was Rs 1,000 per sq.ft, which decreased to Rs 670 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 1,000 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for Nadesanar Street.

Guideline values in Pazhanthandalam

Pazhanthandalam village has a total of 57 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 1,980 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, which is equal to the 2024 figure for Nadesanar Street.

• Nethaji Nagar: Rs 1,100 per sq.ft (2024)
• New Portia: Rs 1,100 per sq.ft (2024)
• Nivedhidha Nagar: Rs 1,100 per sq.ft (2024)
• Nivethitha Nagar Extension: Rs 1,100 per sq.ft (2024)
• Orr Diamond Avenue: Rs 1,760 per sq.ft (2024)
• Manoranjitham Nagar: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Nadesanar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total cost Rs 99,000. It is important to 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 Nadesanar Street?

The Sub Registrar Office that covers Nadesanar Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Pazhanthandalam. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value.

When a property is sold, the guideline value ensures that the transaction is recorded accurately and fairly, reflecting the official value set by the state. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Nadesanar Street?

The current guideline value of Nadesanar Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Nadesanar Street was Rs 1,000 per sq.ft in 2012, decreased to Rs 670 per sq.ft in 2017, and then increased to Rs 1,000 per sq.ft in 2023. The latest revision in 2024 set it at Rs 1,100 per sq.ft.

What is the land classification for Nadesanar Street?

The land classification for Nadesanar Street is Residential Special Type - I.

Where is the Padappai Sub Registrar Office located?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is stamp duty calculated for properties in Nadesanar Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000.