Guideline Value for Nethaji Nagar 7th Street

Nethaji Nagar 7th Street guideline value

The current guideline value of Nethaji Nagar 7th 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 7th Street has changed

The guideline value for Nethaji Nagar 7th 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, marking a decline of 33%. However, the most recent 2024 revision has increased the guideline value to Rs 2,400 per sq.ft, reflecting a significant rise of 63% from the 2017 figure.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 9%. It is important to note that the register does not contain figures for the years 2002, 2003, 2007, and 2023 for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that have a guideline value for 2024, ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,400 per sq.ft, which is the same as the current rate for Nethaji Nagar 7th Street.

• Nethaji Nagar 6th 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 7th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total 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 the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Nethaji Nagar 7th Street?

The Nethaji Nagar 7th Street falls under the jurisdiction of 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 crucial reference point during property transactions in Thirumullaivoyal. When buying or selling property, the guideline value helps determine the stamp duty and registration fees that need to be paid to the government.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process. This value is used to assess the financial obligations associated with property transactions.

Frequently asked questions

What is the current guideline value of Nethaji Nagar 7th Street?

The current guideline value of Nethaji Nagar 7th 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 2,200 in 2012 to Rs 1,474 in 2017, and then to Rs 2,400 in 2024. This represents an overall increase of 9% from 2012 to 2024.

What is the land classification for Nethaji Nagar 7th Street?

Nethaji Nagar 7th Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

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

Other streets in Thirumullaivoyal that share the same guideline value of Rs 2,400 per sq.ft include Nethaji Nagar 6th Street, 5th Street, 4th Street, 3rd Street, 2nd Street, and 2nd Main Road.

Where can I find the Ambattur Sub Registrar Office?

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