Guideline Value for NACHARAMMAL LANE

Nacharammal Lane guideline value

The current guideline value of Nacharammal Lane is Rs 3,200 per sq.ft. This lane is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class III Type - I.

How the guideline value of Nacharammal Lane has changed

The guideline value for Nacharammal Lane has seen significant changes over the years. In 2002, the value was Rs 336 per sq.ft, which increased to Rs 369 per sq.ft in 2003, marking a 10% rise. The value continued to rise, reaching Rs 550 per sq.ft in 2007, a substantial increase of 49%. By 2012, the value had jumped to Rs 3,000 per sq.ft, reflecting a remarkable 445% growth. However, this was followed by a decrease to Rs 2,010 per sq.ft in 2017, a decline of 33%. The value then rose again to Rs 3,000 per sq.ft in 2023, and most recently, it reached Rs 3,200 per sq.ft in the 2024 revision, representing a 7% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 852%. There are no figures available for the revisions in years other than those specified.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO with a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, positioning Nacharammal Lane's 2024 figure above this median.

• Nacharammal Street: Rs 3,200 per sq.ft (2024)
• Nagammaiyar Street: Rs 2,700 per sq.ft (2024)
• Muthu Mudali Street: Rs 4,400 per sq.ft (2024)
• Muthu Mariamman Koil Street: Rs 1,600 per sq.ft (2024)
• Nagathamman Koil Sathyavanimuthu 1st Lane: Rs 2,700 per sq.ft (2024)
• Nagathamman Koil Sathyavani Muthu 3rd Lane: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Nacharammal Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,200 per sq.ft, the total guideline value would be Rs 32,00,000. The stamp duty at 7% would amount to Rs 2,24,000, and the registration fee at 2% would be Rs 64,000, bringing the total to Rs 2,88,000. 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 details.

Which Sub Registrar Office covers Nacharammal Lane?

The Sub Registrar Office that covers Nacharammal Lane is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

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

When buying or selling property, it is essential to be aware of the guideline value, as it affects the overall costs involved in the transaction. Buyers should ensure that the sale price is in line with the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Nacharammal Lane?

The current guideline value of Nacharammal Lane is Rs 3,200 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 336 per sq.ft in 2002 to Rs 3,200 per sq.ft in 2024, reflecting an overall increase of 852% over this period.

What is the land classification for Nacharammal Lane?

Nacharammal Lane is classified as Residential Class III Type - I.

Where is the Purasaivakkam Sub Registrar Office located?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for properties in Nacharammal Lane?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.