Guideline Value for Netaji Street, Chennai 82

Netaji Street, Chennai 82 guideline value

The current guideline value of Netaji Street, Chennai 82 is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Netaji Street, Chennai 82 has changed

Over the years, the guideline value for Netaji Street has seen significant changes. The 2007 revision set the value at Rs 1,200 per sq.ft, which increased to Rs 4,000 per sq.ft in the 2012 revision, marking a substantial rise of 233%. However, the value then decreased to Rs 2,680 per sq.ft in 2017, a drop of 33%. From 2017 to 2023, the guideline value rose sharply by 49% to reach Rs 4,000 per sq.ft, and the most recent revision in 2024 has further increased it to Rs 4,400 per sq.ft, reflecting a 10% increase.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 267%.

Guideline values in Ayanavaram

Ayanavaram village has a total of 369 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value for the area is Rs 4,900 per sq.ft, which means that the 2024 figure for Netaji Street is below this median.

• Netta Muthialkhan Street & Lane: Rs 4,400 per sq.ft (2024)
• New Avadi Road(Highways Road) (Gandhi Nagar): Rs 4,400 per sq.ft (2024)
• New Colony (V.O.C.): Rs 4,400 per sq.ft (2024)
• New Colony (V.O.C.)Ist Street: Rs 4,400 per sq.ft (2024)
• Neelakantan Street & Lane: Rs 4,400 per sq.ft (2024)
• Nedunchezian Street nedunchezhiyan Veedhi, 19th Street (R.S. No 8 part): Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Netaji Street, Chennai 82

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Netaji Street, Chennai 82?

The Sub Registrar Office that covers Netaji Street, Chennai 82 is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more details.

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

The guideline value serves as a benchmark for property transactions in Ayanavaram. When buying or selling a property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on a standardized valuation.

It is essential for buyers and sellers to be aware of the guideline value, as it directly impacts the financial aspects of property transactions. Accurate knowledge of this value can help in planning the budget for the purchase or sale of property in the area.

Frequently asked questions

What is the current guideline value of Netaji Street, Chennai 82?

The current guideline value of Netaji Street, Chennai 82 is Rs 4,400 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 1,200 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 267% over the years.

What is the land classification for Netaji Street?

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

Where can I find the registration office for properties in Netaji Street?

The registration office for properties in Netaji Street, Chennai 82 is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 at a rate of 7%.