Guideline Value for Nagamani Mudali street

Nagamani Mudali street guideline value

The current guideline value of Nagamani Mudali street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Chindadripet village, under the Periamet Sub Registrar Office (SRO). It falls under the Residential Class III Type - I land classification.

How the guideline value of Nagamani Mudali street has changed

The guideline value for Nagamani Mudali street has seen several revisions over the years. In 2007, the value was Rs 800 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012, marking a 275% rise. However, this value then decreased to Rs 2,010 per sq.ft in 2017, reflecting a 33% decline. The 2023 revision brought the value back up to Rs 3,000 per sq.ft, and the latest revision in 2024 has set it at Rs 3,300 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 313%.

Guideline values in Chindadripet

In Chindadripet village, there are 98 streets under the Periamet SRO that carry a 2024 guideline value ranging from Rs 2,500 to Rs 18,100 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, which is equal to the current guideline value of Nagamani Mudali street.

• Murthy street: Rs 4,400 per sq.ft (2024)
• Navalar Neduncheziyan Nagar Coovam River Side: Rs 2,500 per sq.ft (2024)
• Navalar Neduncheziyan Nagar Fire Proof House: Rs 2,500 per sq.ft (2024)
• Navalar Neduncheziyan Nagar Lanes Slum: Rs 2,500 per sq.ft (2024)
• Nedunchizhiyan Nagar(Hut): Rs 2,500 per sq.ft (2024)
• Mukkyyamman koil 1st lane: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Nagamani Mudali street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, making the total cost for these fees Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Nagamani Mudali street?

The Sub Registrar Office that covers Nagamani Mudali street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. For more information, you can find your SRO.

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

The guideline value is a crucial factor during the registration process of property transactions in Chindadripet. It serves as a benchmark for assessing the value of properties and determining the applicable stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in the real estate market. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Nagamani Mudali street?

The current guideline value of Nagamani Mudali street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, showing an overall increase of 313% over the years.

What are the stamp duty and registration fees for a property in Nagamani Mudali street?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty and registration fees would amount to Rs 2,97,000.

Which office handles the registration for Nagamani Mudali street?

The registration for Nagamani Mudali street is handled by the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

What is the land classification for Nagamani Mudali street?

Nagamani Mudali street falls under the Residential Class III Type - I land classification.