Guideline Value for Nainiammal Street

Nainiammal Street guideline value

The current guideline value of Nainiammal Street is Rs 4,600 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, and is classified as Mixed Type - I.

How the guideline value of Nainiammal Street has changed

The guideline value for Nainiammal Street has seen several revisions over the years. The 2012 revision set the value at Rs 4,200 per sq.ft, which was reduced to Rs 2,814 per sq.ft in the 2017 revision. However, the value increased significantly to Rs 4,200 per sq.ft in the 2023 revision, and further rose to Rs 4,600 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

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. The median guideline value for these streets is Rs 3,600 per sq.ft, placing Nainiammal Street's 2024 figure above that median.

• Nainiammal lane: Rs 4,600 per sq.ft (2024)
• Naga kanigai Kovil Street: Rs 4,600 per sq.ft (2024)
• Nadesa Pillai Street: Rs 4,600 per sq.ft (2024)
• Nadesan 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)

Stamp duty and registration fee for property in Nainiammal 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, bringing the total cost to Rs 4,14,000. 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 further assistance.

Which Sub Registrar Office covers Nainiammal Street?

The Sub Registrar Office that covers Nainiammal 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 when registering property transactions in Ambattur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is sold, the guideline value is used to calculate the registration fees and stamp duty, ensuring that these costs are based on a standardized valuation of the property rather than the sale price alone.

Frequently asked questions

What is the current guideline value for Nainiammal Street?

The current guideline value for Nainiammal 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 back to Rs 4,200 per sq.ft in 2023, and finally to Rs 4,600 per sq.ft in 2024.

What is the land classification for Nainiammal Street?

Nainiammal Street is classified as Mixed Type - I according to the land classification standards.

Where can I find the Sub Registrar Office for Nainiammal Street?

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

How is stamp duty calculated for properties in Nainiammal Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 46,00,000, the stamp duty would be calculated accordingly.