Guideline Value for Nesamani Street

Nesamani Street guideline value

The current guideline value of Nesamani Street in Agaramthen village is Rs 830 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - II.

How the guideline value of Nesamani Street has changed

The guideline value for Nesamani Street has undergone several revisions over the years. In 2012, the value was set at Rs 750 per sq.ft. This figure remained the same until the next revision in 2017, where it dropped to Rs 502 per sq.ft, reflecting a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 750 per sq.ft, marking a rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 830 per sq.ft, which is an increase of 11% from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for Nesamani Street. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 11%.

Guideline values in Agaramthen

Agaramthen village has a total of 125 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 440 to Rs 3,700 per sq.ft. The median guideline value is Rs 830 per sq.ft, which is the same as the current figure for Nesamani Street.

• Nethaji Street: Rs 830 per sq.ft (2024)
• Nehru Street: Rs 830 per sq.ft (2024)
• Nalla Thanneer Kulam (South): Rs 830 per sq.ft (2024)
• Nalla Thanneer Kulam (North): Rs 830 per sq.ft (2024)
• Muthu Mariamman Street: Rs 830 per sq.ft (2024)
• Monisha Avenue: 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 830 per sq.ft, the total guideline value would be Rs 8,30,000. The stamp duty at 7% would amount to Rs 58,100, and the registration fee at 2% would be Rs 16,600. Together, these fees would total Rs 74,700. 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 details.

Which Sub Registrar Office covers Nesamani Street?

The Sub Registrar Office that covers Nesamani Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Agaramthen. When buying or selling a property, the guideline value is used to determine the applicable stamp duty and registration fees. This ensures that the fees are calculated based on a standardized value set by the government.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of property transactions. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Nesamani Street?

The current guideline value of Nesamani Street is Rs 830 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then back to Rs 750 per sq.ft in 2023, and finally to Rs 830 per sq.ft in 2024.

What is the land classification for Nesamani Street?

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

Where is the Tambaram Joint 1 Sub Registrar Office located?

The Tambaram Joint 1 Sub Registrar Office is located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value of Rs 8,30,000 would incur a stamp duty of Rs 58,100 at 7%.