Guideline Value for Navalar Nedunchezian Street

Navalar Nedunchezian Street guideline value

The current guideline value of Navalar Nedunchezian Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village, under the Ashok Nagar SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Navalar Nedunchezian Street has changed

The guideline value for Navalar Nedunchezian Street has seen significant changes over the years. The 2007 revision set the value at Rs 800 per sq.ft, which then increased to Rs 3,000 per sq.ft in the 2023 revision, marking a substantial rise of 275%. The most recent revision in 2024 further increased the value to Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for this street in the revisions from 2017, 2012, 2003, and 2002. Overall, from 2007 to 2024, the guideline value has increased by 313%.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, indicating that Navalar Nedunchezian Street's 2024 figure is below this median.

• Navabharath Colony S.No. 300/4: Rs 3,300 per sq.ft (2024)
• Navarathina Colony: Rs 3,300 per sq.ft (2024)
• Nayakkamar Street: Rs 6,600 per sq.ft (2024)
• Nateem Ali Garden Street: Rs 3,300 per sq.ft (2024)
• Natarajan Street (Saidai Sampandan Street near): Rs 4,100 per sq.ft (2024)
• Natarajan Street Block 85: Rs 4,100 per sq.ft (2024)

Stamp duty and registration fee for property in Navalar Nedunchezian 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, bringing the total fees to 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 the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Navalar Nedunchezian Street?

The Sub Registrar Office that covers Navalar Nedunchezian Street is the Ashok Nagar 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 more information.

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

The guideline value is a crucial factor in the registration of property transactions in Kodambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, both parties must consider the guideline value, as it affects the overall cost of the transaction. The guideline value helps in assessing the property's worth and facilitates a transparent process during the registration at the Sub Registrar Office.

Frequently asked questions

What is the current guideline value of Navalar Nedunchezian Street?

The current guideline value of Navalar Nedunchezian Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 800 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 313% over this period.

What is the land classification of Navalar Nedunchezian Street?

Navalar Nedunchezian Street is classified as Residential Class IV Type - II, indicating its designation for residential use.

How is stamp duty calculated for properties in Navalar Nedunchezian Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value results in a stamp duty of Rs 2,31,000.

Where is the Sub Registrar Office for Navalar Nedunchezian Street located?

The Sub Registrar Office for Navalar Nedunchezian Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.