Guideline Value for Nyaniyar Nagar

Nyaniyar Nagar guideline value

The current guideline value of Nyaniyar Nagar, located in Anakaputhur village, is Rs 2,350 per sq.ft. This value falls under the Residential Class III Type - I land classification and is effective from 1 July 2024, as per the Pammal SRO.

How the guideline value of Nyaniyar Nagar has changed

The guideline value for Nyaniyar Nagar has seen significant changes over the years. Starting from Rs 188 per sq.ft in 2003, it increased to Rs 210 in 2007, marking a 12% rise. The value then surged to Rs 1,407 per sq.ft in 2017, reflecting a remarkable increase of 570%. In 2023, the guideline value reached Rs 2,099 per sq.ft, which was a 49% increase from the previous revision. The most recent revision in 2024 has set the value at Rs 2,350 per sq.ft, a 12% increase from 2023.

There are no figures for the years 2002 and 2012 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 1150%.

Guideline values in Anakaputhur

Anakaputhur village has a total of 501 streets under the Pammal SRO with the 2024 guideline values ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, placing Nyaniyar Nagar's 2024 figure above this median.

• NorthRatha Veethi: Rs 1,760 per sq.ft (2024)
• Pachaiamman Koil Street: Rs 1,760 per sq.ft (2024)
• Nethaji Nagar Main Road: Rs 1,760 per sq.ft (2024)
• Nethaji Nagar 1st Street: Rs 1,760 per sq.ft (2024)
• Netaji Nagar: Rs 1,760 per sq.ft (2024)
• Nesamani Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Nyaniyar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,350 per sq.ft, the total guideline value amounts to Rs 23,50,000. The stamp duty at 7% would be Rs 1,64,500, and the registration fee at 2% would be Rs 47,000, bringing the total cost for these fees to Rs 2,11,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nyaniyar Nagar?

The Sub Registrar Office that covers Nyaniyar Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during property registration in Anakaputhur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value helps in determining the legal and financial obligations involved, as it is used by the authorities to assess the value of the property for taxation purposes.

Frequently asked questions

What is the current guideline value of Nyaniyar Nagar?

The current guideline value of Nyaniyar Nagar is Rs 2,350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2003, the guideline value has increased from Rs 188 per sq.ft to Rs 2,350 per sq.ft in 2024, marking a significant overall increase of 1150%.

What are the stamp duty and registration fees for properties in Nyaniyar Nagar?

For a property valued at Rs 23,50,000, the stamp duty would be Rs 1,64,500 and the registration fee would be Rs 47,000, totaling Rs 2,11,500.

Which Sub Registrar Office is responsible for Nyaniyar Nagar?

The Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, is responsible for Nyaniyar Nagar.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions, ensuring compliance with legal and financial requirements.