Guideline Value for N.H.Salai

N.H.Salai guideline value

The current guideline value of N.H.Salai in Irunkattukottai village, under the Sriperumpudur SRO, is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is classified as Industries Type - I.

How the guideline value of N.H.Salai has changed

The guideline value for N.H.Salai has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged in the 2017 revision at Rs 804 per sq.ft, reflecting a decrease of 33%. However, the value significantly increased by 49% to Rs 1,200 per sq.ft in the 2023 revision. The current 2024 revision maintains this value at Rs 1,200 per sq.ft, indicating no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has not changed, remaining at Rs 1,200 per sq.ft.

Guideline values in Irunkattukottai

In Irunkattukottai, there are 56 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 250 to Rs 1,250 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, placing N.H.Salai's 2024 figure above this median.

• Nemili Park: Rs 800 per sq.ft (2024)
• Nehru Street: Rs 600 per sq.ft (2024)
• Periyar Street: Rs 600 per sq.ft (2024)
• M.G.R.Street: Rs 250 per sq.ft (2024)
• Meenakshi Amman Nagar: Rs 600 per sq.ft (2024)
• Mecca Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in N.H.Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, resulting in a total of Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers N.H.Salai?

The N.H.Salai area falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in property transactions in Irunkattukottai, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on an official valuation.

During the registration process, buyers and sellers must adhere to the guideline value to ensure compliance with local regulations. This value serves as a benchmark for assessing property transactions, helping to maintain transparency and fairness in the real estate market.

Frequently asked questions

What is the current guideline value of N.H.Salai?

The current guideline value of N.H.Salai is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value of N.H.Salai changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023 and remains the same in 2024.

What are the other streets in Irunkattukottai and their guideline values?

Other streets in Irunkattukottai include Nemili Park at Rs 800 per sq.ft, Nehru Street and Periyar Street at Rs 600 per sq.ft, M.G.R.Street at Rs 250 per sq.ft, and Meenakshi Amman Nagar and Mecca Nagar at Rs 600 per sq.ft.

What is the registration fee for property in N.H.Salai?

The registration fee for property in N.H.Salai is calculated based on the guideline value. For example, a property valued at Rs 12,00,000 would incur a registration fee of Rs 24,000 at 2%.

Where is the Sub Registrar Office for N.H.Salai located?

The Sub Registrar Office covering N.H.Salai is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.