Guideline Value for Nirmal Steet

Nirmal Steet guideline value

The current guideline value of Nirmal Steet is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village and falls under the Ambattur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Nirmal Steet has changed

The guideline value for Nirmal Steet has undergone several revisions over the years. In 2007, the guideline value was Rs 600 per sq.ft, which increased significantly to Rs 2,200 per sq.ft in 2012. However, it saw a decrease to Rs 1,474 per sq.ft in 2017. The value then rose to Rs 2,200 per sq.ft in 2023, and most recently, it has increased to Rs 2,400 per sq.ft in the 2024 revision.

Between these revisions, the changes were notable. From 2007 to 2012, there was an increase of 267%, followed by a decrease of 33% from 2012 to 2017. The value then increased by 49% from 2017 to 2023, and finally, there was a 9% increase from 2023 to 2024. The register has no figures for this street in 2002 and 2003.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median value is Rs 2,200 per sq.ft, placing Nirmal Steet's 2024 figure above that median.

• New Street (Vinayagapuram): Rs 2,400 per sq.ft (2024)
• N.P.V.Street: Rs 1,600 per sq.ft (2024)
• N.S.C.Bose Street(1st Ward): Rs 1,100 per sq.ft (2024)
• New Anna Salai (V.L.Puram): Rs 2,400 per sq.ft (2024)
• New Anna Nagar Main Road: Rs 2,200 per sq.ft (2024)
• New Anna Nagar extention: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Nirmal Steet

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 cost for these fees 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 calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nirmal Steet?

The Sub Registrar Office that covers Nirmal Steet 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 specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Oragadam. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration, ensuring that the transaction is legally recognized and documented.

When a property is sold, the guideline value is considered to ensure that the transaction reflects the current market standards. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Nirmal Steet?

The current guideline value of Nirmal Steet 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 600 per sq.ft in 2007 to Rs 2,400 per sq.ft in 2024, reflecting an overall increase of 300% over the years.

Which Sub Registrar Office is responsible for Nirmal Steet?

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

What are the stamp duty and registration fees for properties on Nirmal Steet?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 2,16,000.

Where can I find more information about guideline values in Oragadam?

More information about guideline values in Oragadam can be found through the Registration Department's guideline value register (TNReginet) and by visiting the relevant links provided for other streets in Oragadam.