Guideline Value

Corporate

Guideline Value for Nethaji Nagar 2nd Street

₹2400/sq.ft.

The guideline value for Nethaji Nagar 2nd 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 2nd Street

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Nethaji Nagar 2nd Street guideline value

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

How the guideline value of Nethaji Nagar 2nd Street has changed

The guideline value for Nethaji Nagar 2nd Street has undergone several revisions over the years. In 2007, the guideline value was Rs 200 per sq.ft, which increased significantly to Rs 2,200 per sq.ft in 2012, marking a rise of 1000%. However, it then decreased to Rs 1,474 per sq.ft in 2017, reflecting a drop of 33%. The value rose again to Rs 2,200 per sq.ft in 2023, and most recently, it reached Rs 2,400 per sq.ft in 2024, showing an increase of 9% from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. The overall increase from the 2007 revision to the current 2024 revision stands at 1100%, illustrating significant changes in the guideline value over the years.

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 guideline value of Nethaji Nagar 2nd Street.

Stamp duty and registration fee for property in Nethaji Nagar 2nd 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, making the total cost for these fees 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 the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Nethaji Nagar 2nd Street?

The Nethaji Nagar 2nd Street falls under the jurisdiction of the Ambattur Sub Registrar Office. The address is Ambattur Sub Registrar Office, Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone.

You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process of property transactions in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the financial obligations associated with the transaction. It is crucial to consider the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Nethaji Nagar 2nd Street?

The current guideline value of Nethaji Nagar 2nd 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 significantly, increasing from Rs 200 per sq.ft in 2007 to Rs 2,400 per sq.ft in 2024, marking an overall increase of 1100%.

What are the other streets with the same guideline value?

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

Where can I find the Sub Registrar Office for Nethaji Nagar 2nd Street?

The Sub Registrar Office for Nethaji Nagar 2nd Street is located at Ambattur Sub Registrar Office, Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone.

How is the stamp duty calculated for property in Nethaji Nagar 2nd Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 24,00,000 would incur a stamp duty of Rs 1,68,000 at 7%.