Guideline Value for NADUSTREET (WARD -9)

Nadustreet (Ward -9) guideline value

The current guideline value of Nadustreet (Ward -9) is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Goodaloor village, under the Chengleput Joint II SRO, and falls under the Residential Class I Type - III land classification.

How the guideline value of Nadustreet (Ward -9) has changed

The guideline value of Nadustreet has undergone several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which was then decreased to Rs 335 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 500 per sq.ft, and the most recent 2024 revision raised it to Rs 550 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, there was a significant increase of 49% from 2017 to 2023. The overall change from 2012 to 2024 shows a modest increase of 10% in the guideline value.

Guideline values in Goodaloor

In Goodaloor village, there are 53 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 385 to Rs 2,510 per sq.ft. The median value for these streets is Rs 660 per sq.ft, placing Nadustreet's 2024 figure below that median.

• Murugan Nagar (Kod): Rs 550 per sq.ft (2024)
• Nehru Nagar (Ward -9): Rs 660 per sq.ft (2024)
• Padavattamman Koil Street (Ward -9): Rs 550 per sq.ft (2024)
• Palayathamman Koil Street (Ward -9): Rs 550 per sq.ft (2024)
• Main Road (Ward -9): Rs 550 per sq.ft (2024)
• Peraringar Anna Salai (Ward -9): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Nadustreet (Ward -9)

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees together to Rs 49,500. It is important to note that 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 details.

Which Sub Registrar Office covers Nadustreet (Ward -9)?

The Sub Registrar Office that covers Nadustreet (Ward -9) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Goodaloor. It serves as a benchmark to determine the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Nadustreet (Ward -9)?

The current guideline value of Nadustreet (Ward -9) is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification of Nadustreet (Ward -9)?

Nadustreet (Ward -9) is classified as Residential Class I Type - III, indicating its suitability for residential development.

What are the other streets in Goodaloor with their guideline values?

Other streets in Goodaloor include Murugan Nagar (Kod) and Padavattamman Koil Street, both at Rs 550 per sq.ft, while Nehru Nagar (Ward -9) is at Rs 660 per sq.ft.

Where is the Sub Registrar Office for Nadustreet (Ward -9) located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, which covers Nadustreet (Ward -9).