Guideline Value for Nandanar Street / Thiruvallavur Nagar

Nandanar Street / Thiruvallavur Nagar guideline value

The current guideline value of Nandanar Street / Thiruvallavur Nagar is Rs 2,475 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class I Type - II.

How the guideline value of Nandanar Street / Thiruvallavur Nagar has changed

The guideline value for Nandanar Street / Thiruvallavur Nagar has seen significant changes over the years. In 2002, the value was Rs 230 per sq.ft, which increased to Rs 260 per sq.ft in 2003, marking a change of +13%. By 2007, the value rose to Rs 360 per sq.ft, a +38% increase from the previous revision. The 2017 revision saw a substantial jump to Rs 1,507 per sq.ft, reflecting a +319% change from 2007. Most recently, the 2024 revision set the value at Rs 2,475 per sq.ft, which is a +64% increase from 2017. Overall, from 2002 to 2024, the guideline value has increased by +976%.

The register has no figures for the years 2012 and 2023 for this street. The current guideline value reflects the latest revision, which is significantly higher than earlier figures.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Nandanar Street / Thiruvallavur Nagar above this median.

• Nammalwar Street / Thiruvallavur Nagar: Rs 2,475 per sq.ft (2024)
• Nanjilar Street, Anna Nagar: Rs 2,750 per sq.ft (2024)
• Nallathambi Street, Nagelkeni: Rs 2,750 per sq.ft (2024)
• Nallathambi Road, Muthamiaz Nagar: Rs 2,750 per sq.ft (2024)
• Narasiman Street /Muthamzhi Nagar: Rs 2,475 per sq.ft (2024)
• Nallathambi Road, Anna Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Nandanar Street / Thiruvallavur Nagar

For a 1,000 sq.ft plot at the current rate of Rs 2,475 per sq.ft, the guideline value would be Rs 24,75,000. The stamp duty at 7% would be Rs 1,73,250, and the registration fee at 2% would be Rs 49,500, totaling Rs 2,22,750. Duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nandanar Street / Thiruvallavur Nagar?

The Sub Registrar Office that covers Nandanar Street / Thiruvallavur Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during property registration in Pammal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately. This helps maintain transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of Nandanar Street / Thiruvallavur Nagar?

The current guideline value of Nandanar Street / Thiruvallavur Nagar is Rs 2,475 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2002, the guideline value has increased significantly, from Rs 230 per sq.ft in 2002 to Rs 2,475 per sq.ft in 2024, marking an overall increase of +976%.

What is the land classification for Nandanar Street / Thiruvallavur Nagar?

Nandanar Street / Thiruvallavur Nagar is classified as Residential Class I Type - II.

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

For a property valued at Rs 24,75,000, the total stamp duty and registration fees would be Rs 2,22,750, which includes a 7% stamp duty and a 2% registration fee.

Which office handles property registrations for Nandanar Street / Thiruvallavur Nagar?

The Pammal Sub Registrar Office handles property registrations for Nandanar Street / Thiruvallavur Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.