Guideline Value for N Street

N Street guideline value

The current guideline value of N Street is Rs 13,400 per sq.ft, effective from 1 July 2024. This street is located in Egmore village, under the Periamet SRO, and is classified as Mixed Type - I.

How the guideline value of N Street has changed

The guideline value register for N Street shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available revision is from 2024, which lists the guideline value at Rs 13,400 per sq.ft.

Since there are no figures recorded for the previous years, there are no changes to report between revisions for this street.

Guideline values in Egmore

In Egmore village, there are 465 streets under the Periamet SRO that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median guideline value for these streets is Rs 7,100 per sq.ft, placing N Street's 2024 figure above that median.

• Old JailWardenQuarters: Rs 6,300 per sq.ft (2024)
• Nowroji west road: Rs 9,300 per sq.ft (2024)
• Nowroji Road: Rs 9,300 per sq.ft (2024)
• Nowroji Extension: Rs 9,300 per sq.ft (2024)
• Omres lane: Rs 13,400 per sq.ft (2024)
• Omres road 3rd cross street: Rs 13,400 per sq.ft (2024)

Stamp duty and registration fee for property in N Street

For a 1,000 sq.ft plot at the current guideline value of Rs 13,400 per sq.ft, the total guideline value amounts to Rs 1,34,00,000. The stamp duty at 7% would be Rs 9,38,000, and the registration fee at 2% would be Rs 2,68,000, totaling Rs 12,06,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers N Street?

N Street falls under the jurisdiction of the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Egmore. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling a property, the guideline value helps both buyers and sellers understand the official valuation of the property. This value is essential for calculating the stamp duty and registration fees that must be paid during the transaction.

Frequently asked questions

What is the current guideline value of N Street?

The current guideline value of N Street is Rs 13,400 per sq.ft, effective from 1 July 2024.

Have there been any changes in the guideline value for N Street?

There have been no changes in the guideline value for N Street, as the register shows no figures for the years prior to 2024.

What is the land classification for N Street?

N Street is classified as Mixed Type - I according to the land classification register.

Where can I find the registration office for N Street?

The registration office for N Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How is the stamp duty calculated for property in N Street?

The stamp duty for property in N Street is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% on the same value.