Guideline Value for NADU THERU

Nadu Theru guideline value

The current Nadu Theru guideline value is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Minjur village, under the Ponneri SRO, with a land classification of Residential Class II Type - I.

How the guideline value of Nadu Theru has changed

The guideline value for Nadu Theru has seen several revisions over the years. The 2017 revision set the value at Rs 335 per sq.ft, which increased to Rs 500 per sq.ft in 2023. The latest revision in 2024 raised the value to Rs 550 per sq.ft, marking a 10% increase from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012.

When looking at the overall changes, the guideline value has increased by 49% from 2017 to 2023 and by 64% from 2017 to 2024. This consistent increase reflects the evolving landscape of property values in the area.

Guideline values in Minjur

In Minjur, there are 179 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,320 per sq.ft. The median value for these streets is Rs 550 per sq.ft, making Nadu Theru's guideline value equal to the median.

• M.V.L.Nagar: Rs 880 per sq.ft (2024)
• Nandhiyam Pakkam Road: Rs 550 per sq.ft (2024)
• Narasimha Avenue(Phase I&ii): Rs 880 per sq.ft (2024)
• Murugan Avenue: Rs 550 per sq.ft (2024)
• Murali Nagar: Rs 1,320 per sq.ft (2024)
• M.S.Avenue Phase I&ii: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Nadu Theru

For a 1,000 sq.ft plot at the current rate of Rs 550 per sq.ft, the guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Nadu Theru?

The Nadu Theru area falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

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

The guideline value is an essential factor in property transactions in Minjur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with legal requirements.

When registering a property, the guideline value is used to calculate the applicable duties and fees. This ensures that both parties are aware of the financial implications of the transaction, based on the officially recognized value of the property.

Frequently asked questions

What is the current guideline value of Nadu Theru?

The current guideline value of Nadu Theru is Rs 550 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 335 per sq.ft to Rs 550 per sq.ft in 2024, marking an overall increase of 64%.

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

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 and the registration fee would be Rs 11,000, totaling Rs 49,500.

Which office handles registrations for Nadu Theru?

The Ponneri Sub Registrar Office manages registrations for Nadu Theru, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What are the guideline values of other streets in Minjur?

Other streets in Minjur have varying guideline values, ranging from Rs 440 to Rs 1,320 per sq.ft, with the median being Rs 550 per sq.ft, which is the same as Nadu Theru's value.