Guideline Value for Nethaji Nagar 5th Street

Nethaji Nagar 5th Street guideline value

The current guideline value of Nethaji Nagar 5th Street is Rs 2,400 per sq.ft. 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 5th Street has changed

The guideline value for Nethaji Nagar 5th Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,200 per sq.ft, which decreased to Rs 1,474 per sq.ft in the 2017 revision. However, the latest revision in 2024 increased the value significantly to Rs 2,400 per sq.ft, marking a 63% increase from 2017. Overall, from 2012 to 2024, there has been a slight increase of 9% in the guideline value.

The register does not have figures for the years 2002, 2003, 2007, and 2023 for this street. Therefore, the only available revisions are from 2012, 2017, and 2024.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median value is Rs 2,400 per sq.ft, which is the same as the guideline value for Nethaji Nagar 5th Street.

• Nethaji Nagar 4th Street: Rs 2,400 per sq.ft (2024)
• Nethaji Nagar 6th Street: Rs 2,400 per sq.ft (2024)
• Nethaji Nagar 7th Street: Rs 2,400 per sq.ft (2024)
• Nethaji Nagar 3rd Street: Rs 2,400 per sq.ft (2024)
• Nethaji Nagar 2nd Street: Rs 2,400 per sq.ft (2024)
• Nethaji Nagar 2nd Main Road: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Nethaji Nagar 5th Street

For a 1,000 sq.ft plot at the current rate of Rs 2,400 per sq.ft, the guideline value totals Rs 24,00,000. The stamp duty at 7% would be 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 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 information.

Which Sub Registrar Office covers Nethaji Nagar 5th Street?

The Sub Registrar Office that covers Nethaji Nagar 5th Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor when registering property transactions in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the buying or selling process.

Frequently asked questions

What is the current guideline value of Nethaji Nagar 5th Street?

The current guideline value of Nethaji Nagar 5th 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 seen various changes, from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, and then to Rs 2,400 per sq.ft in 2024. This indicates a significant increase of 63% from 2017 to 2024.

What is the land classification for Nethaji Nagar 5th Street?

Nethaji Nagar 5th Street is classified as Residential Class I Type - I, which designates its use for residential purposes.

What are the stamp duty and registration fees for properties in this area?

For a property valued at the current guideline value of Rs 24,00,000, the stamp duty would be Rs 1,68,000 and the registration fee would be Rs 48,000, totaling Rs 2,16,000.

Where is the Sub Registrar Office for Nethaji Nagar 5th Street located?

The Sub Registrar Office for Nethaji Nagar 5th Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.