Guideline Value for Thiruvalluvar Salai (Nesapakkam)

Thiruvalluvar Salai (Nesapakkam) guideline value

The current guideline value of Thiruvalluvar Salai (Nesapakkam) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Residential Class IV Type - III.

How the guideline value of Thiruvalluvar Salai (Nesapakkam) has changed

The guideline value for Thiruvalluvar Salai (Nesapakkam) has undergone several revisions over the years. In the 2007 revision, the guideline value was set at Rs 620 per sq.ft. This figure saw a significant increase to Rs 2,500 per sq.ft in the 2012 revision, marking a change of +303%. The most recent revision in 2024 set the guideline value at Rs 2,700 per sq.ft, which is an increase of +8% from the 2012 figure. Overall, from 2007 to 2024, the guideline value has increased by +335%.

It is important to note that the register has no figure for Thiruvalluvar Salai (Nesapakkam) for the years 2002, 2003, 2017, and 2023. This lack of data means that the changes in guideline value can only be assessed based on the available revisions.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft, with a median value of Rs 4,900 per sq.ft. The guideline value of Thiruvalluvar Salai (Nesapakkam) at Rs 2,700 per sq.ft is below this median.

• Thiruvalluvar Street (Ethiraj Nagar): Rs 4,900 per sq.ft (2024)
• Thiruvalluvar Street (M.G.R.Nagar): Rs 3,300 per sq.ft (2024)
• Thiruvengadam Street: Rs 6,600 per sq.ft (2024)
• Thiru. Vi.Ka. Street (Ethiraj Nagar): Rs 4,900 per sq.ft (2024)
• Thiru.Vi.Ka. Street (M.G.R.Nagar): Rs 3,300 per sq.ft (2024)
• Thiruvalluvar Colony (NP): Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Salai (Nesapakkam)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. 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 the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thiruvalluvar Salai (Nesapakkam)?

The Sub Registrar Office that covers Thiruvalluvar Salai (Nesapakkam) is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration of property transactions in Kodambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the financial implications of the transaction. It is essential for buyers to be aware of the guideline value to ensure they are paying a fair price in accordance with legal requirements.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Salai (Nesapakkam)?

The current guideline value of Thiruvalluvar Salai (Nesapakkam) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 620 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, marking an overall increase of +335% over the years.

What is the land classification for Thiruvalluvar Salai (Nesapakkam)?

The land classification for Thiruvalluvar Salai (Nesapakkam) is Residential Class IV Type - III.

What are the stamp duty and registration fees for property transactions?

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

Where is the Ashok Nagar Sub Registrar Office located?

The Ashok Nagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office).