Guideline Value for NADU STREET 1st CROSS STREET (WEST)

NADU STREET 1st CROSS STREET (WEST) guideline value

The current guideline value of NADU STREET 1st CROSS STREET (WEST) is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Karapakkam village, under the Neelankarai SRO, and is classified as Residential Class II Type - III.

How the guideline value of NADU STREET 1st CROSS STREET (WEST) has changed

In the 2012 revision, the guideline value was Rs 1,500 per sq.ft. It then decreased to Rs 1,005 per sq.ft in the 2017 revision. The value saw a significant increase to Rs 1,500 per sq.ft in the 2023 revision, followed by another increase to Rs 1,700 per sq.ft in the 2024 revision, marking a 13% increase from the previous year.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been a 13% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Karapakkam

In Karapakkam, there are 185 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 10,700 per sq.ft. The median value is Rs 1,700 per sq.ft, which is the same as the current guideline value for NADU STREET 1st CROSS STREET (WEST).

• NADU STREET 1st CROSS STREET (EAST): Rs 1,700 per sq.ft (2024)
• Nadu Street: Rs 1,700 per sq.ft (2024)
• Nakinoni Venkateswarlu Garden: Rs 1,100 per sq.ft (2024)
• Muthamizh Nagar Main Street: Rs 4,400 per sq.ft (2024)
• MUTHAMIZH NAGAR 8th STREET: Rs 4,400 per sq.ft (2024)
• MUTHAMIZH NAGAR 7th STREET: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in NADU STREET 1st CROSS STREET (WEST)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, making the total fees Rs 1,53,000. 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 NADU STREET 1st CROSS STREET (WEST)?

The Sub Registrar Office that covers NADU STREET 1st CROSS STREET (WEST) is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

You can find your SRO for more details.

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

The guideline value is crucial when registering property transactions in Karapakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a buyer or seller engages in a property transaction, the registration office uses the guideline value to calculate the necessary fees, ensuring that all transactions are conducted in accordance with the established regulations.

Frequently asked questions

What is the current guideline value of NADU STREET 1st CROSS STREET (WEST)?

The current guideline value of NADU STREET 1st CROSS STREET (WEST) is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024.

What is the stamp duty on property in NADU STREET 1st CROSS STREET (WEST)?

The stamp duty for a property in NADU STREET 1st CROSS STREET (WEST) is 7% of the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers this street?

The Neelankarai Sub Registrar Office covers NADU STREET 1st CROSS STREET (WEST), located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What are the other streets in Karapakkam with similar guideline values?

Other streets in Karapakkam with a guideline value of Rs 1,700 per sq.ft include NADU STREET 1st CROSS STREET (EAST) and Nadu Street.