Guideline Value for Nadhamuni Naidu Street

Nadhamuni Naidu Street guideline value

The current guideline value of Nadhamuni Naidu Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Aminjikarai village under the AnnaNagar SRO, classified as Residential Class II Type - I.

How the guideline value of Nadhamuni Naidu Street has changed

The guideline value for Nadhamuni Naidu Street has seen significant changes over the years. The earliest recorded figure is from 2002, when it was Rs 650 per sq.ft. This value increased to Rs 1,200 per sq.ft in 2007, marking an increase of 85%. In 2012, the value rose to Rs 5,000 per sq.ft, reflecting a remarkable increase of 317%. However, in 2017, the value dropped to Rs 3,350 per sq.ft, a decrease of 33%. The value then increased to Rs 5,000 per sq.ft in 2023, and finally to Rs 5,500 per sq.ft in the 2024 revision, which is a 10% increase from the previous year. The register has no figure for this street in 2003.

Guideline values in Aminjikarai

Aminjikarai village has a total of 99 streets under the AnnaNagar SRO, with guideline values ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median guideline value in this area is Rs 4,400 per sq.ft, placing Nadhamuni Naidu Street's 2024 figure above that median.

• Mosque Lane: Rs 6,600 per sq.ft (2024)
• North Kasarath Thottam: Rs 3,800 per sq.ft (2024)
• Orphan School Street: Rs 3,800 per sq.ft (2024)
• Ottar Palayam: Rs 3,800 per sq.ft (2024)
• Manjakollai Street: Rs 6,600 per sq.ft (2024)
• Parameswara nagar: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Nadhamuni Naidu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, totaling Rs 4,95,000. 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 Nadhamuni Naidu Street?

The Sub Registrar Office that covers Nadhamuni Naidu Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Aminjikarai. It is used to determine the stamp duty and registration fees applicable on the property transaction. Buyers and sellers must be aware of the current guideline value to ensure they comply with the legal requirements during the registration process.

Additionally, the guideline value serves as a benchmark for property transactions, ensuring transparency in the pricing of real estate. It is essential for both parties involved in the transaction to understand how the guideline value affects their financial obligations.

Frequently asked questions

What is the current guideline value of Nadhamuni Naidu Street?

The current guideline value of Nadhamuni Naidu Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 650 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 746% over this period.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000.

Which Sub Registrar Office should I approach for transactions in Nadhamuni Naidu Street?

The AnnaNagar Sub Registrar Office is responsible for transactions in Nadhamuni Naidu Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the median guideline value in Aminjikarai?

The median guideline value in Aminjikarai is Rs 4,400 per sq.ft, with Nadhamuni Naidu Street's 2024 figure being above this median.