Guideline Value for Thiruvallur Nedunchalai

Thiruvallur Nedunchalai guideline value

The current guideline value of Thiruvallur Nedunchalai is Rs 880 per sq.ft, effective from 1 July 2024. This area falls under Attanthangal village and is classified as Residential Class I Type - I, with the Redhills SRO overseeing the registration process.

How the guideline value of Thiruvallur Nedunchalai has changed

The guideline value for Thiruvallur Nedunchalai has seen several revisions over the years. In 2007, the guideline value was Rs 500 per sq.ft, which increased to Rs 800 per sq.ft in 2012. However, this figure decreased to Rs 536 per sq.ft in 2017. The value then rose significantly to Rs 800 per sq.ft in 2023, and most recently, it has increased to Rs 880 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 76%. It is important to note that there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Attanthangal

In Attanthangal, there are 80 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 880 per sq.ft, with the median value being Rs 880 per sq.ft. The guideline value for Thiruvallur Nedunchalai matches this median figure.

• Throwbathiamman Nagar: Rs 550 per sq.ft (2024)
• TATA Nagar: Rs 550 per sq.ft (2024)
• Veerapandi Nagar: Rs 440 per sq.ft (2024)
• Sri Mahalakshmi Nagar: Rs 880 per sq.ft (2024)
• Vijaya Garden: Rs 440 per sq.ft (2024)
• Sri Ganapathy Nagar: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvallur Nedunchalai

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, making the total cost for these fees Rs 79,200. It is important to note that the 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 further assistance.

Which Sub Registrar Office covers Thiruvallur Nedunchalai?

The Thiruvallur Nedunchalai area is covered by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Attanthangal. It is used to determine the stamp duty and registration fees that are applicable when a property is bought or sold. This ensures that the fees are calculated based on a standardized value set by the government.

When registering a property, buyers and sellers must be aware that the guideline value is the basis for calculating the stamp duty and registration fees. Therefore, it is essential to consider this value when engaging in any property transactions in the area.

Frequently asked questions

What is the current guideline value for Thiruvallur Nedunchalai?

The current guideline value for Thiruvallur Nedunchalai is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, representing a total increase of 76% over the years.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7%, and the registration fee is charged at 2% of the guideline value or sale price, whichever is higher.

Which office handles registrations for Thiruvallur Nedunchalai?

The Redhills Sub Registrar Office handles registrations for Thiruvallur Nedunchalai, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the median guideline value in Attanthangal?

The median guideline value in Attanthangal is Rs 880 per sq.ft, which is the same as the guideline value for Thiruvallur Nedunchalai.