Guideline Value for Nanjil Nagar

Nanjil Nagar guideline value

The current guideline value of Nanjil Nagar, located in Thirumullaivoyal village under the Ambattur SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class IV Type - III.

How the guideline value of Nanjil Nagar has changed

The guideline value for Nanjil Nagar has undergone several revisions over the years. In 2012, the guideline value was Rs 1,000 per sq.ft, which decreased to Rs 670 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,000 per sq.ft in 2023, and then to Rs 1,100 per sq.ft in 2024, marking a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value rose by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft; the median value is Rs 2,400 per sq.ft. The guideline value of Nanjil Nagar at Rs 1,100 per sq.ft is below this median.

• Nannool Street (Sri Sakthi Nagar): Rs 2,400 per sq.ft (2024)
• Narasuram Cross Street: Rs 2,400 per sq.ft (2024)
• Nandhini Nagar: Rs 990 per sq.ft (2024)
• Nammazhvar Street (Senthil Nagar): Rs 2,400 per sq.ft (2024)
• Narayaniam Street (Sri Sakthi Nagar): Rs 2,400 per sq.ft (2024)
• Nalavenba Street (Sri Sakthi Ngr): Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Nanjil Nagar

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, totaling Rs 99,000. 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 information.

Which Sub Registrar Office covers Nanjil Nagar?

The Sub Registrar Office that covers Nanjil Nagar 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 details.

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

The guideline value is an important factor when registering property transactions in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being sold or purchased.

When a buyer or seller engages in a transaction, the guideline value is used to calculate the applicable duties and fees, ensuring that both parties are aware of the financial obligations involved in the registration process.

Frequently asked questions

What is the current guideline value of Nanjil Nagar?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Nanjil Nagar?

Nanjil Nagar is classified as Residential Class IV Type - III.

What are the guideline values of other streets in Thirumullaivoyal?

Other streets in Thirumullaivoyal have varying guideline values, with rates ranging from Rs 880 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,400 per sq.ft.

Where is the Ambattur Sub Registrar Office located?

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