Guideline Value for NADU STREET

Nadu Street guideline value

The current guideline value of Nadu Street in Podaturpet village is Rs 250 per sq.ft, effective from 1 July 2024. This street falls under the Pallipattu Sub Registrar Office 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 undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 167 per sq.ft. This value increased to Rs 250 per sq.ft in the 2023 revision, marking a 50% increase. The 2024 revision maintained this value at Rs 250 per sq.ft, resulting in no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from 2017 to 2024, the guideline value has increased by 50%. The consistency in the values from 2023 to 2024 indicates stability in the guideline value for Nadu Street.

Guideline values in Podaturpet

In Podaturpet, there are 47 streets under the Pallipattu SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 300 per sq.ft. The median guideline value for these streets is Rs 250 per sq.ft, which is equal to the 2024 figure for Nadu Street.

• Nagallamman Koil Street: Rs 250 per sq.ft (2024)
• Nalla Thaneer Kulam Street: Rs 250 per sq.ft (2024)
• Nalla Thaneer Kuzham Street: Rs 250 per sq.ft (2024)
• Mettu Street: Rs 202 per sq.ft (2024)
• Meenakshi Nagar: Rs 200 per sq.ft (2024)
• Ootha Vadai Street: Rs 250 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 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty, charged at 7%, would be Rs 17,500, while the registration fee at 2% would be Rs 5,000. Therefore, the total cost for these fees together would be Rs 22,500. It is important to note that 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 detailed calculations.

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. For more information, you can find your SRO.

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

The guideline value plays a crucial role during property transactions in Podaturpet. When buying or selling a property, the guideline value is used to determine the stamp duty and registration fees, ensuring that the correct amounts are paid to the government.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the financial aspects of the transaction. Accurate knowledge of these values helps in avoiding any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Nadu Street?

The current guideline value of Nadu Street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Nadu Street has increased from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023 and has remained the same in 2024. There are no recorded figures for the years 2002, 2003, 2007, and 2012.

What is the land classification for Nadu Street?

Nadu Street is classified as Residential Class I Type - I, indicating its designation for residential use within the area.

What are the stamp duty and registration fees for properties in Nadu Street?

The stamp duty for properties in Nadu Street is 7%, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 22,500.

Where is the Sub Registrar Office for Nadu Street located?

The Pallipattu Sub Registrar Office is located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207. This office handles the registration of properties in Nadu Street.