Guideline Value for Nesamani Street

Nesamani Street guideline value

The current guideline value of Nesamani Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village, under the Pammal SRO, and is classified as Residential Class II Type - I.

How the guideline value of Nesamani Street has changed

The guideline value for Nesamani Street has seen significant changes over the years. In 2003, the value was Rs 216 per sq.ft, which increased to Rs 300 per sq.ft in 2007, marking a 39% rise. By 2017, the value surged to Rs 1,072 per sq.ft, representing a remarkable 257% increase from the previous revision. The 2023 revision set the value at Rs 1,600 per sq.ft, and the latest revision in 2024 raised it to Rs 1,760 per sq.ft, indicating a 10% increase.

It is important to note that there are no figures available for the years 2002 and 2012 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 715%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median value for these streets is Rs 1,980 per sq.ft, and the guideline value for Nesamani Street is below this median.

• Netaji Nagar: Rs 1,760 per sq.ft (2024)
• Nethaji Nagar 1st Street: Rs 1,760 per sq.ft (2024)
• Nethaji Nagar Main Road: Rs 1,760 per sq.ft (2024)
• Natarajan Street (Balaji Nagar): Rs 2,350 per sq.ft (2024)
• NorthRatha Veethi: Rs 1,760 per sq.ft (2024)
• Narasimma Chetty Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Nesamani Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, totaling Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nesamani Street?

The Sub Registrar Office that covers Nesamani 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 Anakaputhur

The guideline value plays a crucial role in property transactions in Anakaputhur. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware that the guideline value is the basis for these calculations, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the guideline value is compared to the sale price. The higher of the two figures is used to calculate the stamp duty and registration fees, ensuring that the transaction complies with legal requirements.

Frequently asked questions

What is the current guideline value of Nesamani Street?

The current guideline value of Nesamani Street is Rs 1,760 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 216 per sq.ft in 2003 to Rs 1,760 per sq.ft in 2024, reflecting an overall increase of 715% over the years.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200 and the registration fee would be Rs 35,200, totaling Rs 1,58,400.

Which Sub Registrar Office handles transactions for Nesamani Street?

The Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone, handles transactions for Nesamani Street.

What is the land classification of Nesamani Street?

Nesamani Street is classified as Residential Class II Type - I, indicating its suitability for residential development.