Guideline Value for NADU STREET

Nadu Street guideline value

The current guideline value of Nadu Street, located in Karapakkam village, is Rs 1,700 per sq.ft. This value is set by the Neelankarai SRO and falls under the Residential Class II Type - III land classification.

How the guideline value of Nadu Street has changed

The guideline value of Nadu Street has undergone several revisions over the years. In 2007, the guideline value was Rs 84 per sq.ft. This figure saw a significant increase in 2012, where it rose to Rs 1,500 per sq.ft, marking an increase of 1,686%. However, in 2017, the value decreased to Rs 1,005 per sq.ft, a decline of 33%. The next revision in 2023 set the value at Rs 1,500 per sq.ft, which then increased to Rs 1,700 per sq.ft in 2024, reflecting a change of 13%. The register has no figures for the years 2002 and 2003 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 1,924%. The changes between the revisions illustrate the fluctuations in the guideline value over time, with the most recent figure aligning with the median value of Rs 1,700 per sq.ft for other streets in Karapakkam.

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 equal to the current guideline value of Nadu Street. Other streets in Karapakkam include:

• NADU STREET 1st CROSS STREET (EAST): Rs 1,700 per sq.ft (2024)
• NADU STREET 1st CROSS STREET (WEST): 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

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 amount to Rs 1,19,000, while the registration fee at 2% would be Rs 34,000. Together, these fees would total Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Nadu Street?

The Sub Registrar Office that covers Nadu Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Karapakkam. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations and to calculate the necessary fees accurately.

When buying or selling property, the guideline value is referenced to ascertain the minimum value for which the property can be registered. This ensures that the registration process reflects the true value of the property being transacted.

Frequently asked questions

What is the current guideline value of Nadu Street?

The current guideline value of Nadu Street 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 84 per sq.ft in 2007 to Rs 1,700 per sq.ft in 2024, which is an overall increase of 1,924%.

What is the land classification for Nadu Street?

Nadu Street falls under the Residential Class II Type - III land classification as per the Neelankarai SRO.

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

Other streets in Karapakkam with a 2024 guideline value of Rs 1,700 per sq.ft include NADU STREET 1st CROSS STREET (EAST) and NADU STREET 1st CROSS STREET (WEST).

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.