Guideline Value for N.K.Lane

N.K.Lane guideline value

The current guideline value of N.K.Lane in Irumpuliyur village is Rs 1,650 per sq.ft, effective from 1 July 2024. This property falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - I.

How the guideline value of N.K.Lane has changed

The guideline value for N.K.Lane has seen several revisions over the years. The 2007 revision set the value at Rs 650 per sq.ft, which increased to Rs 1,500 per sq.ft in 2012. However, this was followed by a decrease of 33% to Rs 1,005 per sq.ft in 2017. The value rose significantly to Rs 1,500 per sq.ft in 2023, and the latest revision in 2024 has set it at Rs 1,650 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 154%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Irumpuliyur

In Irumpuliyur, there are 218 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft. The median value is Rs 2,200 per sq.ft, indicating that N.K.Lane's 2024 figure is below this median.

• Nithiyanandam Nagar Main Road: Rs 2,530 per sq.ft (2024)
• Nithiyanandam Nagar 4-th St: Rs 2,530 per sq.ft (2024)
• Nithiyanandam Nagar 3-rd St: Rs 2,530 per sq.ft (2024)
• Nithiyanandam Nagar 2-nd St: Rs 2,530 per sq.ft (2024)
• Nithiyanandam Nagar 1-st St: Rs 2,530 per sq.ft (2024)
• North Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in N.K.Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty, charged at 7%, would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. 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 information.

Which Sub Registrar Office covers N.K.Lane?

The N.K.Lane property falls under the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059, 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 Irumpuliyur

The guideline value is a crucial factor when registering property transactions in Irumpuliyur. It serves as a benchmark for determining the stamp duty and registration fees payable during the transfer of property ownership.

Frequently asked questions

What is the current guideline value of N.K.Lane?

The current guideline value of N.K.Lane is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 650 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 154% over the years.

What is the median guideline value in Irumpuliyur?

The median guideline value in Irumpuliyur is Rs 2,200 per sq.ft, which is higher than the current value of N.K.Lane.

What are the stamp duty and registration fees for N.K.Lane?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Where can I find the Sub Registrar Office for N.K.Lane?

The Sub Registrar Office covering N.K.Lane is located at No.26, mes Road, East Tambaram, Chennai-600059, under the Tambaram Joint 1 SRO.