Guideline Value for NAIDU SHOP ROAD

Naidu Shop Road guideline value

The current guideline value of Naidu Shop Road in Zaminpallavaram village, under the Pallavaram SRO, is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class I Type - I.

How the guideline value of Naidu Shop Road has changed

The guideline value for Naidu Shop Road has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 3,520 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 3,200 per sq.ft. Prior to that, the value remained unchanged from 2012 to 2023 at Rs 3,200 per sq.ft.

There are no registered figures for the years 2002, 2003, 2007, and 2017 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value is Rs 3,300 per sq.ft, placing Naidu Shop Road's 2024 figure above this median.

• Nagathamman Street @ Usman Basha Street: Rs 3,300 per sq.ft (2024)
• Nagathamman Street (or) Usman Basha Road: Rs 3,300 per sq.ft (2024)
• Nakkiran Street: Rs 3,520 per sq.ft (2024)
• Naladiyar Street: Rs 2,750 per sq.ft (2024)
• Nagalakshmi Street: Rs 3,300 per sq.ft (2024)
• Namalvar Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Naidu Shop Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value would be Rs 35,20,000. The stamp duty at 7% would amount to Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total to Rs 3,16,800. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Naidu Shop Road?

The Sub Registrar Office that covers Naidu Shop Road is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

To find your SRO, you can visit this link.

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

The guideline value is a crucial factor in property transactions in Zaminpallavaram. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable during the sale or purchase of property.

When buying or selling property, it is essential to be aware of the current guideline value as it directly influences the overall costs involved in the transaction, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Naidu Shop Road?

The current guideline value of Naidu Shop Road is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased by 10% from Rs 3,200 per sq.ft in 2023 to Rs 3,520 per sq.ft in 2024. There was no change from 2012 to 2023, where the value remained at Rs 3,200 per sq.ft.

What is the land classification for Naidu Shop Road?

Naidu Shop Road is classified as Residential Class I Type - I, indicating its designation for residential purposes.

Where can I find the Sub Registrar Office for Naidu Shop Road?

The Sub Registrar Office for Naidu Shop Road is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone.

How is the stamp duty calculated for properties on Naidu Shop Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 35,20,000 would incur a stamp duty of Rs 2,46,400 at a rate of 7%.