Guideline Value for Nedunchiyan Street

Nedunchiyan Street guideline value

The current guideline value of Nedunchiyan Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village under the Pammal SRO, classified as Residential Class II Type - I.

How the guideline value of Nedunchiyan Street has changed

The guideline value for Nedunchiyan Street has undergone several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in the 2023 revision, representing a change of 49%. The most recent 2024 revision has further increased the guideline value to Rs 1,100 per sq.ft, marking a 10% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for Nedunchiyan Street.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft, with a median value of Rs 1,320 per sq.ft. The guideline value of Nedunchiyan Street is below this median.

• Nehru Nagar: Rs 1,650 per sq.ft (2024)
• Nehru Nagar Bharathiyar Street: Rs 1,650 per sq.ft (2024)
• Nehru Nagar Extension Palani Street: Rs 1,650 per sq.ft (2024)
• Nehru Nagar Kannagi Street: Rs 1,650 per sq.ft (2024)
• Nehru Nagar Main Road: Rs 1,650 per sq.ft (2024)
• Natesan Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Nedunchiyan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nedunchiyan Street?

The Sub Registrar Office that covers Nedunchiyan Street 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 Pozhichalur

The guideline value plays a crucial role in the registration process of property transactions in Pozhichalur. It is used to determine the stamp duty and registration fees that must be paid during the purchase or sale of property.

When a property is sold, the registration office uses the guideline value to assess the applicable fees, ensuring that the transaction is recorded accurately. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Nedunchiyan Street?

The current guideline value of Nedunchiyan Street 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 increased from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, representing a total increase of 64% over this period.

What are the stamp duty and registration fees for property in Nedunchiyan Street?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 99,000 based on the current guideline value.

Which Sub Registrar Office covers Nedunchiyan Street?

The Pammal Sub Registrar Office covers Nedunchiyan Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Nedunchiyan Street?

Nedunchiyan Street is classified as Residential Class II Type - I according to the local land classification regulations.