Guideline Value for Kutty Nadar Street

Kutty Nadar Street guideline value

The current guideline value of Kutty Nadar Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO, classified as Residential Class II Type - I.

How the guideline value of Kutty Nadar Street has changed

The guideline value of Kutty Nadar Street has undergone several revisions over the years. In 2003, the value was Rs 216 per sq.ft, which increased to Rs 300 per sq.ft in 2007. By 2017, the value had risen significantly to Rs 1,072 per sq.ft, marking a 257% increase from the previous revision. The 2023 revision set the value at Rs 1,600 per sq.ft, a 49% increase from 2017. The latest revision in 2024 sees the guideline value at Rs 1,760 per sq.ft, reflecting a 10% increase from 2023.

It is important to note that there are no figures available for the years 2002 and 2012 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 715%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO, with guideline values ranging from Rs 1,320 to Rs 4,640 per sq.ft as of 2024. The median guideline value for the village is Rs 1,980 per sq.ft, placing Kutty Nadar Street's 2024 figure below this median.

• Labour School Street: Rs 2,350 per sq.ft (2024)
• Labour School Street IIIrd Cross Street: Rs 2,350 per sq.ft (2024)
• Labour School Street II nd Cross: Rs 2,350 per sq.ft (2024)
• Labour School Street Ist Cross: Rs 2,350 per sq.ft (2024)
• Labour School Street Ivth Cross Street: Rs 2,350 per sq.ft (2024)
• Lakshmi Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Kutty Nadar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total cost for these fees to Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Kutty Nadar Street?

The Sub Registrar Office that covers Kutty Nadar Street 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 when registering a property in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kutty Nadar Street?

The current guideline value of Kutty Nadar Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2003, the guideline value has increased from Rs 216 per sq.ft to Rs 1,760 per sq.ft in 2024, representing an overall increase of 715% over the years.

What is the median guideline value in Anakaputhur?

The median guideline value in Anakaputhur is Rs 1,980 per sq.ft, which is higher than the current value of Kutty Nadar Street.

Where can I find the Sub Registrar Office for Kutty Nadar Street?

The Sub Registrar Office for Kutty Nadar Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value incurs a total fee of Rs 1,58,400.