Guideline Value for N S Naidu Layout

N S Naidu Layout guideline value

The current guideline value for N S Naidu Layout is Rs 4,400 per sq.ft, effective from 1 July 2024. This area is located in Thalakanancherry village under the Alandur SRO and is classified as Residential Class I Type - II.

How the guideline value of N S Naidu Layout has changed

Over the years, the guideline value for N S Naidu Layout has seen significant changes. In 2007, the value was Rs 1,700 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012. However, it dropped to Rs 2,680 per sq.ft in 2017 before rising again to Rs 4,000 per sq.ft in 2023. The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. The change from 2012 to 2017 saw a decrease of 33%. The overall increase from 2007 to 2024 is 159%, reflecting the fluctuations in the guideline value over the years. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO, with guideline values ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 3,900 per sq.ft, placing N S Naidu Layout's 2024 figure above this median.

• North Street Lakshmi Nagar 4th Stage: Rs 4,400 per sq.ft (2024)
• N G O Colony 4th Street: Rs 3,900 per sq.ft (2024)
• N G O Colony 3rd Street: Rs 3,900 per sq.ft (2024)
• N G O Colony 2nd Street: Rs 3,900 per sq.ft (2024)
• N G O Colony 1st Street: Rs 3,900 per sq.ft (2024)
• New Vinayagar Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in N S Naidu Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total charges to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers N S Naidu Layout?

The Sub Registrar Office covering N S Naidu Layout is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial aspect during property transactions in Thalakanancherry. It is used to determine the stamp duty and registration fees applicable when buying or selling property. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

When a property is registered, the guideline value serves as a benchmark for calculating the costs involved. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations and to avoid any potential issues during the registration process.

Frequently asked questions

What is the current guideline value of N S Naidu Layout?

The current guideline value of N S Naidu Layout is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,700 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 159% over the years.

What is the median guideline value for streets in Thalakanancherry?

The median guideline value for streets in Thalakanancherry is Rs 3,900 per sq.ft, with N S Naidu Layout's 2024 figure being above this median.

What are the stamp duty and registration fees for N S Naidu Layout?

The stamp duty for a property valued at Rs 44,00,000 would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles registrations for N S Naidu Layout?

The Alandur Sub Registrar Office handles registrations for N S Naidu Layout, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.