Guideline Value for Nedunsalai Thittam Nagar-6

Nedunsalai Thittam Nagar-6 guideline value

The current guideline value of Nedunsalai Thittam Nagar-6 is Rs 800 per sq.ft, effective from 1 July 2024. This area is located in Kavanur village under the Gooduvancheri SRO, and is classified as Residential Special Type - III.

How the guideline value of Nedunsalai Thittam Nagar-6 has changed

Over the years, the guideline value of Nedunsalai Thittam Nagar-6 has seen several revisions. The 2007 revision set the value at Rs 225 per sq.ft, which increased significantly to Rs 800 per sq.ft in the 2012 revision. However, it then dropped to Rs 536 per sq.ft in 2017. The 2023 revision maintained the value at Rs 800 per sq.ft, and the same value continues into the 2024 revision, reflecting no change from the previous year.

From 2017 to 2023, there was a notable increase of 49%. The overall change from the 2007 revision to the 2024 revision is an increase of 256%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kavanur

Kavanur village features 109 streets under the Gooduvancheri SRO, with a 2024 guideline value range from Rs 500 to Rs 2,239 per sq.ft. The median guideline value is Rs 800 per sq.ft, placing Nedunsalai Thittam Nagar-6 at the median value for 2024.

• Nehru Nagar: Rs 800 per sq.ft (2024)
• NEW Chennai City: Rs 800 per sq.ft (2024)
• New Chennai City Phase - I: Rs 670 per sq.ft (2024)
• Nachiar Avenue: Rs 1,000 per sq.ft (2024)
• Padavattamman Koil Street: Rs 747 per sq.ft (2024)
• M.M Nagar: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Nedunsalai Thittam Nagar-6

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. 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 information.

Which Sub Registrar Office covers Nedunsalai Thittam Nagar-6?

The Sub Registrar Office covering Nedunsalai Thittam Nagar-6 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 details.

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

The guideline value is a crucial factor when buying or selling property in Kavanur, as it determines the minimum value at which property transactions can be registered. It serves as a basis for calculating stamp duty and registration fees, ensuring that all transactions are conducted transparently and fairly.

When a property is sold, the guideline value helps in assessing the financial implications for both the buyer and seller. Buyers should be aware that the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Nedunsalai Thittam Nagar-6?

The current guideline value of Nedunsalai Thittam Nagar-6 is Rs 800 per sq.ft, effective from 1 July 2024.

How often does the guideline value change?

The guideline value is revised periodically, with the most recent revisions occurring in 2007, 2012, 2017, 2023, and 2024. The changes can vary based on market conditions and government regulations.

What is the land classification for Nedunsalai Thittam Nagar-6?

Nedunsalai Thittam Nagar-6 is classified as Residential Special Type - III, indicating its suitability for residential development.

Where can I find the Gooduvancheri Sub Registrar Office?

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

How is stamp duty calculated for properties in Kavanur?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. The current rate is 7% for stamp duty and 2% for the registration fee.