Guideline Value for N.H.Salai

N.H.Salai guideline value

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

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

The guideline value for N.H.Salai has undergone several revisions over the years. The register shows no figures for the years 2002, 2003, 2007, and 2012. In the 2017 revision, the value was Rs 804 per sq.ft, which increased to Rs 1,200 per sq.ft in both the 2023 and 2024 revisions, marking a significant increase of 49% from 2017 to 2023 and maintaining the same rate into 2024.

From the 2023 revision to the 2024 revision, there was no change, as the guideline value remained at Rs 1,200 per sq.ft. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Irunkattukottai_B

In Irunkattukottai_B, there are 54 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 1,200 per sq.ft, with a median value of Rs 400 per sq.ft. N.H.Salai's 2024 figure is 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 would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, together totaling Rs 1,08,000. Please note that 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 details.

Which Sub Registrar Office covers N.H.Salai?

The Sub Registrar Office that covers N.H.Salai is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor during property registration in Irunkattukottai_B. It determines the stamp duty and registration fees that need to be paid, which are calculated based on the higher of the guideline value or the sale price of the property.

When buying or selling property, it is important to be aware of the current guideline value to ensure compliance with registration requirements. This value is regularly updated, and staying informed will help facilitate a smoother transaction process.

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 much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49%, from Rs 804 per sq.ft to Rs 1,200 per sq.ft in the 2023 and 2024 revisions.

What is the land classification for N.H.Salai?

N.H.Salai is classified as Industries Type - I, which indicates its suitability for industrial purposes.

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

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

How is the stamp duty calculated for properties in N.H.Salai?

Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate has a guideline value of Rs 12,00,000, leading to a stamp duty of Rs 84,000.