Guideline Value for Nemanthakara Street

Nemanthakara Street guideline value

The current guideline value of Nemanthakara Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Ist Division village under the Kanchipuram Joint IV SRO, classified as Residential Class II Type - I.

How the guideline value of Nemanthakara Street has changed

The guideline value for Nemanthakara Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 800 per sq.ft. This figure was then reduced to Rs 536 per sq.ft in the 2017 revision, marking a decrease of 33%. However, the value rebounded significantly to Rs 800 per sq.ft in the 2023 revision, and subsequently increased to Rs 880 per sq.ft in the 2024 revision, reflecting a 10% rise.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ist Division

In Ist Division, there are 79 streets under the Kanchipuram Joint IV SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 3,300 per sq.ft, with the median value being Rs 880 per sq.ft. Nemanthakara Street's 2024 figure matches this median value.

• North Mada Street: Rs 1,650 per sq.ft (2024)
• Naina Pillai Street: Rs 880 per sq.ft (2024)
• Munram Thiruvizha Mandapam Street: Rs 880 per sq.ft (2024)
• Mudaliar Street @ Vedantham Street: Rs 880 per sq.ft (2024)
• Mottai Kulam Street: Rs 880 per sq.ft (2024)
• Pattala Street: Rs 1,430 per sq.ft (2024)

Stamp duty and registration fee for property in Nemanthakara Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total cost for these fees to Rs 79,200. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nemanthakara Street?

Nemanthakara Street falls under the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Ist Division. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, it is essential to be aware of the guideline value as it can impact the overall transaction costs. Buyers should ensure they are informed about the latest guideline values to avoid unexpected expenses during the registration process.

Frequently asked questions

What is the current guideline value of Nemanthakara Street?

The current guideline value of Nemanthakara Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then back to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the land classification for Nemanthakara Street?

Nemanthakara Street is classified as Residential Class II Type - I.

Which Sub Registrar Office should I visit for transactions in Nemanthakara Street?

For property transactions in Nemanthakara Street, you should visit the Kanchipuram Joint IV Sub Registrar Office located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Nemanthakara Street?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 at 7%.