Guideline Value for NADU STREET

Nadu Street guideline value

The current guideline value of Nadu Street in Kolathur village is Rs 104 per sq.ft, effective from 1 July 2024. This street falls under the Pallipattu SRO and is classified as Residential Class I Type - I.

How the guideline value of Nadu Street has changed

The guideline value for Nadu Street has seen several revisions over the years. In 2007, the value was Rs 35 per sq.ft, which increased to Rs 90 per sq.ft in 2012, marking a significant rise of 157%. However, from 2012 to 2017, the value decreased to Rs 60 per sq.ft, a drop of 33%. The 2017 revision brought the value up to Rs 100 per sq.ft in 2023, reflecting a substantial increase of 67%. The most recent revision in 2024 set the value at Rs 104 per sq.ft, representing a 4% increase from the previous year.

It is important to note that the register does not have figures for Nadu Street in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 197%.

Guideline values in Kolathur

In Kolathur, there are 18 streets under the Pallipattu SRO that carry a 2024 guideline value ranging from Rs 104 to Rs 150 per sq.ft, with the median value being Rs 104 per sq.ft. Nadu Street's 2024 figure aligns with this median.

• Methu Street: Rs 104 per sq.ft (2024)
• Ootha Vadai Street: Rs 104 per sq.ft (2024)
• Raja Street: Rs 104 per sq.ft (2024)
• Road Street: Rs 104 per sq.ft (2024)
• Kalanzhi Street: Rs 104 per sq.ft (2024)
• Saliyar Street: Rs 104 per sq.ft (2024)

Stamp duty and registration fee for property in Nadu Street

For a 1,000 sq.ft plot at the current rate of Rs 104 per sq.ft, the guideline value amounts to Rs 1,04,000. The stamp duty at 7% would be Rs 7,280, and the registration fee at 2% would be Rs 2,080, bringing the total to Rs 9,360. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nadu Street?

The Sub Registrar Office that covers Nadu Street is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process for property transactions in Kolathur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This ensures transparency and compliance with legal requirements during the transaction process.

Frequently asked questions

What is the current guideline value of Nadu Street?

The current guideline value of Nadu Street is Rs 104 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 35 per sq.ft in 2007 to Rs 104 per sq.ft in 2024, reflecting an overall increase of 197% over the years.

What are the other streets in Kolathur with the same guideline value?

Other streets in Kolathur with the same guideline value of Rs 104 per sq.ft for 2024 include Methu Street, Ootha Vadai Street, Raja Street, Road Street, Kalanzhi Street, and Saliyar Street.

What fees are associated with buying property in Nadu Street?

When buying property in Nadu Street, the stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, the total fees for a 1,000 sq.ft plot at the current rate would be Rs 9,360.

Where can I find the Sub Registrar Office for Nadu Street?

The Sub Registrar Office for Nadu Street is located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone.