Guideline Value for NACHARAMMAL STREET

Nacharammal Street guideline value

The current guideline value of Nacharammal Street is Rs 3,200 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class III Type - I.

How the guideline value of Nacharammal Street has changed

The guideline value for Nacharammal Street has seen several revisions 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. Following this, the value rose to Rs 550 per sq.ft in 2007, reflecting a significant increase of 49%. The value then surged to Rs 3,000 per sq.ft in 2012, which was a substantial increase of 445% from the previous revision. However, it fell to Rs 2,010 per sq.ft in 2017, a decrease of 33% from 2012. The value increased again to Rs 3,000 per sq.ft in 2023, and the most recent revision in 2024 set it at Rs 3,200 per sq.ft, marking a 7% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 852%. There are no figures in the register for any other years for this street.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value of Nacharammal Street is above this median.

• Nacharammal Lane: 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)
• Nagathamman Koil Sathyavanimuthu 1st Lane: Rs 2,700 per sq.ft (2024)
• Muthu Mariamman Koil Street: Rs 1,600 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 Street

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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nacharammal Street?

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

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is referred to for calculating the applicable duties, ensuring that the registration process is transparent and standardized. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Nacharammal Street?

The current guideline value of Nacharammal Street is Rs 3,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

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

What is the land classification for Nacharammal Street?

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

Where can I find the registration office for Nacharammal Street?

The registration office for Nacharammal Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for properties in Nacharammal Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value results in a total guideline value of Rs 32,00,000.