Guideline Value for Nesamani Nadar Nagar

Nesamani Nadar Nagar guideline value

The current guideline value of Nesamani Nadar Nagar is Rs 2,400 per sq.ft, effective from 1 July 2024. This area is located in Thirumullaivoyal village, under the Ambattur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Nesamani Nadar Nagar has changed

The guideline value for Nesamani Nadar Nagar has seen significant changes over the years. In 2002, the guideline value was Rs 69 per sq.ft. This increased to Rs 100 per sq.ft in 2003, marking a 45% rise. The value then jumped to Rs 200 per sq.ft in 2007, reflecting a 100% increase. By 2012, the guideline value was Rs 2,200 per sq.ft, a substantial increase of 1,000% from 2007. However, it decreased to Rs 1,474 per sq.ft in 2017, showing a decline of 33%.

In 2023, the guideline value rose to Rs 2,200 per sq.ft, and then further increased to Rs 2,400 per sq.ft in 2024, which is a 9% rise. Overall, from 2002 to 2024, the guideline value has increased by 3,378%.

Guideline values in Thirumullaivoyal

Thirumullaivoyal has a total of 975 streets under the Ambattur SRO, with the 2024 guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,400 per sq.ft, which matches the current value for Nesamani Nadar Nagar.

• Nelson Mandaloo St.(srinagar colony): Rs 2,700 per sq.ft (2024)
• Nehru Street(Senthil Nagar): Rs 2,700 per sq.ft (2024)
• Nethaji Nagar: Rs 2,400 per sq.ft (2024)
• Nethaji Nagar 1st Main Road: Rs 2,400 per sq.ft (2024)
• Nethaji Nagar 1st Street: Rs 2,400 per sq.ft (2024)
• Nehru Noottrandu Street (Srinagar Colony): Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Nesamani Nadar Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, totaling Rs 2,16,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nesamani Nadar Nagar?

The Sub Registrar Office that covers Nesamani Nadar Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor in property transactions in Thirumullaivoyal. It serves as a benchmark for determining the minimum value of a property for registration purposes. When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees.

Additionally, both buyers and sellers must be aware that the guideline value may influence negotiations during the sale process. It is essential for all parties involved to understand the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Nesamani Nadar Nagar?

The current guideline value of Nesamani Nadar Nagar is Rs 2,400 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 69 per sq.ft in 2002 to Rs 2,400 per sq.ft in 2024, marking an overall increase of 3,378%.

What are the stamp duty and registration fees for properties in Nesamani Nadar Nagar?

For a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000 and the registration fee would be Rs 48,000, totaling Rs 2,16,000.

Which Sub Registrar Office covers this area?

The Ambattur Sub Registrar Office covers Nesamani Nadar Nagar, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

What is the land classification of Nesamani Nadar Nagar?

Nesamani Nadar Nagar is classified as Residential Class I Type - I under the guideline value register.