Guideline Value

Corporate

Guideline Value for Nethaji Nagar 1st Street

₹2400/sq.ft.

The guideline value for Nethaji Nagar 1st Street in Thirumullaivoyal village (Ambattur SRO, Chennai zone) is Rs 2400 per sq.ft, effective 1 July 2024. It was Rs 2200 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thirumullaivoyal

Village

Ambattur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2400 /sq.ft.
From 1-4-2023 ₹2200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1474 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Nethaji Nagar 1st Street

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Nethaji Nagar 1st Street guideline value

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

How the guideline value of Nethaji Nagar 1st Street has changed

The guideline value of Nethaji Nagar 1st Street has seen several revisions over the years. In 2007, the value was set at Rs 200 per sq.ft, which increased significantly to Rs 2,200 per sq.ft in 2012, marking a rise of 1000%. However, this value decreased to Rs 1,474 per sq.ft in 2017, reflecting a drop of 33%. The 2023 revision recorded a value of Rs 2,200 per sq.ft, which then increased to Rs 2,400 per sq.ft in 2024, a change of 9%.

There are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 1100%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,400 per sq.ft, which is equal to the current value of Nethaji Nagar 1st Street.

Stamp duty and registration fee for property in Nethaji Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total to Rs 2,16,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Nethaji Nagar 1st Street?

The Sub Registrar Office covering Nethaji Nagar 1st Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

To find your SRO, visit find your SRO.

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

The guideline value is an important factor in the property registration process in Thirumullaivoyal. It is used to determine the stamp duty and registration fees that buyers and sellers must pay during a property transaction.

When a property is sold, the guideline value serves as a benchmark for calculating these fees, ensuring that they are based on the official valuation rather than the negotiated sale price, which may vary.

Frequently asked questions

What is the current guideline value of Nethaji Nagar 1st Street?

The current guideline value of Nethaji Nagar 1st Street 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 from Rs 200 per sq.ft in 2007 to Rs 2,400 per sq.ft in 2024, reflecting an overall increase of 1100% over this period.

What are the other streets with the same guideline value in Thirumullaivoyal?

Other streets in Thirumullaivoyal with the same guideline value of Rs 2,400 per sq.ft include Nethaji Nagar 1st Main Road, Nethaji Nagar 2nd Main Road, Nethaji Nagar 2nd Street, Nethaji Nagar 3rd Street, Nethaji Nagar 4th Street, and Nethaji Nagar 5th Street.

What is the stamp duty rate for properties in Nethaji Nagar 1st Street?

The stamp duty rate for properties in Nethaji Nagar 1st Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Nethaji Nagar 1st Street?

The Sub Registrar Office for Nethaji Nagar 1st Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.