Guideline Value for THAVATHIRU NAGAMANI ADIKALAR STREET

Thavathiru Nagamani Adikalar Street guideline value

The current guideline value of Thavathiru Nagamani Adikalar Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Perungudi village, under the Neelankarai SRO, and is classified as Residential Class III Type - I.

How the guideline value of Thavathiru Nagamani Adikalar Street has changed

The guideline value for Thavathiru Nagamani Adikalar Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in the 2017 revision, marking a decrease of 33%. Following this, the value increased significantly to Rs 2,500 per sq.ft in the 2023 revision, and further rose to Rs 2,800 per sq.ft in the 2024 revision, reflecting a 12% increase from the previous year.

It is important to note that the guideline register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 12%.

Guideline values in Perungudi

In Perungudi, there are 249 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, which means that Thavathiru Nagamani Adikalar Street's 2024 figure of Rs 2,800 per sq.ft is below this median.

• Thamarai Nagar: Rs 2,200 per sq.ft (2024)
• Telephone Nagar Main Road: Rs 5,500 per sq.ft (2024)
• Telephone Nagar 9th Cross Street: Rs 5,500 per sq.ft (2024)
• Telephone Nagar 8th Cross Street: Rs 5,500 per sq.ft (2024)
• Telephone Nagar 7th Cross Street: Rs 5,500 per sq.ft (2024)
• Telephone Nagar 6th Cross Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Thavathiru Nagamani Adikalar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, while the registration fee at 2% would be Rs 56,000. Together, the total cost for stamp duty and registration would be Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thavathiru Nagamani Adikalar Street?

The Sub Registrar Office that covers Thavathiru Nagamani Adikalar Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Perungudi, as it determines the minimum price at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

It is crucial for buyers and sellers to be aware of the guideline value to avoid any discrepancies during the registration process. Understanding the guideline value helps in making informed decisions regarding property transactions in the area.

Frequently asked questions

What is the current guideline value of Thavathiru Nagamani Adikalar Street?

The current guideline value of Thavathiru Nagamani Adikalar Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,800 per sq.ft in 2024.

What is the land classification for Thavathiru Nagamani Adikalar Street?

Thavathiru Nagamani Adikalar Street is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 and the registration fee would be Rs 56,000, totaling Rs 2,52,000.

Which office handles registrations for this street?

The Neelankarai Sub Registrar Office handles registrations for Thavathiru Nagamani Adikalar Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.