Guideline Value for Nethaji Nagar 6th Street

Nethaji Nagar 6th Street guideline value

The current guideline value of Nethaji Nagar 6th 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 6th Street has changed

The guideline value for Nethaji Nagar 6th Street has seen 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 2017, marking a decline of 33%. However, from 2017 to the 2024 revision, the value increased significantly by 63%, bringing it to the current rate of Rs 2,400 per sq.ft.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 9%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2023 in the register for this street.

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 for these streets is Rs 2,400 per sq.ft, which is equal to the current guideline value of Nethaji Nagar 6th Street.

• Nethaji Nagar 7th Street: Rs 2,400 per sq.ft (2024)
• Nethaji Nagar 5th Street: Rs 2,400 per sq.ft (2024)
• Nethaji Nagar 4th 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 6th Street

For a 1,000 sq.ft plot at the current rate of Rs 2,400 per sq.ft, the guideline value amounts to 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, totaling 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 details.

Which Sub Registrar Office covers Nethaji Nagar 6th Street?

The Sub Registrar Office that covers Nethaji Nagar 6th 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 more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thirumullaivoyal. It serves as a reference point for determining the stamp duty and registration fees that need to be paid at the time of property registration.

Buyers and sellers must be aware that the guideline value is used to calculate the applicable duties and fees, ensuring that the transaction adheres to the regulations set by the Registration Department. Accurate knowledge of the guideline value helps in understanding the financial implications of property transactions.

Frequently asked questions

What is the current guideline value of Nethaji Nagar 6th Street?

The current guideline value of Nethaji Nagar 6th Street is Rs 2,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2012?

Since 2012, the guideline value has increased by 9%, from Rs 2,200 per sq.ft in 2012 to Rs 2,400 per sq.ft in 2024.

What was the guideline value in 2017?

The guideline value in 2017 was Rs 1,474 per sq.ft, which was a decrease from the previous revision in 2012.

Which Sub Registrar Office covers Nethaji Nagar 6th Street?

The Ambattur Sub Registrar Office covers Nethaji Nagar 6th Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Nethaji Nagar 6th Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 1,68,000.