Guideline Value for Nedunchezian Street nedunchezhiyan Veedhi, 19th Street (R.s. No 8 Part)

Nedunchezian Street nedunchezhiyan Veedhi, 19th Street (R.S. No 8 part) guideline value

The current guideline value for Nedunchezian Street nedunchezhiyan Veedhi, 19th Street (R.S. No 8 part) is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Nedunchezian Street nedunchezhiyan Veedhi, 19th Street (R.S. No 8 part) has changed

The guideline value for Nedunchezian Street has seen several revisions over the years. In 2007, the guideline value was Rs 1,200 per sq.ft. This figure increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 233%. However, in 2017, the value dropped to Rs 2,680 per sq.ft, a decrease of 33%. The value then increased again to Rs 4,000 per sq.ft in 2023, representing a 49% rise. The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for this street in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 267%.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, placing the 2024 figure for Nedunchezian Street below this median.

• Neelakantan Street & Lane: Rs 4,400 per sq.ft (2024)
• N- Block, 27th Street: Rs 11,000 per sq.ft (2024)
• N- Block, 26th Street: Rs 11,000 per sq.ft (2024)
• N- BlocK, 25th Street: Rs 11,000 per sq.ft (2024)
• N- Block, 24th Street: Rs 11,000 per sq.ft (2024)
• N- Block, 23rd Street: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in Nedunchezian Street nedunchezhiyan Veedhi, 19th Street (R.S. No 8 part)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000. The total cost for stamp duty and registration would be Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nedunchezian Street nedunchezhiyan Veedhi, 19th Street (R.S. No 8 part)?

The Sub Registrar Office that covers Nedunchezian Street is the AnnaNagar 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 Ayanavaram

The guideline value plays a crucial role during the registration of property transactions in Ayanavaram. It serves as a benchmark for determining the minimum value at which a property can be registered. 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 stamp duty and registration fees. These charges are based on the higher of the guideline value or the actual sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Nedunchezian Street nedunchezhiyan Veedhi, 19th Street?

The current guideline value for Nedunchezian Street nedunchezhiyan Veedhi, 19th Street (R.S. No 8 part) is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,200 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 267% over the years.

What is the land classification for this street?

The land classification for Nedunchezian Street nedunchezhiyan Veedhi, 19th Street is Residential Class II Type - I.

Where can I find the registration office for this street?

The registration office covering Nedunchezian Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Ayanavaram?

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 44,00,000, the stamp duty would be Rs 3,08,000 at a rate of 7%.