Guideline Value for Nedunsalai Nagar

Nedunsalai Nagar guideline value

The current guideline value of Nedunsalai Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Adhanoor village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Nedunsalai Nagar has changed

The guideline value for Nedunsalai Nagar has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 200 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in the 2012 revision, marking a 400% increase. However, in the 2017 revision, the value decreased to Rs 670 per sq.ft, a drop of 33%. The guideline value then rose to Rs 1,000 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 400%. Notably, the register does not provide figures for the years 2002 and 2003 for this street.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 670 to Rs 3,000 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft, which is equal to the 2024 figure for Nedunsalai Nagar. Below are the guideline values for other streets in Adhanoor:

• Nanjil Nagar-I,II: Rs 1,000 per sq.ft (2024)
• Muthumari Amman Koil Street: Rs 1,000 per sq.ft (2024)
• Muthammal Nagar: Rs 1,493 per sq.ft (2024)
• Murugathal Nagar: Rs 1,000 per sq.ft (2024)
• Murugadoss Nagar: Rs 1,000 per sq.ft (2024)
• Moorthi Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Nedunsalai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total to Rs 90,000. 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 Nedunsalai Nagar?

The Sub Registrar Office that covers Nedunsalai Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value serves as a reference point for property transactions in Adhanoor. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction.

At the time of registration, the higher of the guideline value or the sale price is considered for calculating the applicable duties. This ensures that the government receives the correct revenue based on the property’s value.

Frequently asked questions

What is the current guideline value of Nedunsalai Nagar?

The current guideline value of Nedunsalai Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and returned to Rs 1,000 per sq.ft in both 2023 and 2024.

What is the land classification for Nedunsalai Nagar?

Nedunsalai Nagar is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Nedunsalai Nagar?

The Gooduvancheri Sub Registrar Office covers Nedunsalai Nagar and is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is the stamp duty calculated for property in Nedunsalai Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 10,00,000 would incur a stamp duty of Rs 70,000 at 7% and a registration fee of Rs 20,000 at 2%.