Guideline Value for NAKKEERAN STREET (WARD -4)

Nakkeeran Street (Ward -4) guideline value

The current guideline value of Nakkeeran Street (Ward -4) is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - III.

How the guideline value of Nakkeeran Street (Ward -4) has changed

The guideline value for Nakkeeran Street has seen several revisions over the years. In 2012, the value was Rs 1,600 per sq.ft, which then decreased to Rs 1,072 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,600 per sq.ft in 2023, and further increased to Rs 1,760 per sq.ft in 2024, marking a 10% rise from the previous year.

From 2012 to 2017, there was a decline of 33%, but from 2017 to 2023, the value surged by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, placing Nakkeeran Street's 2024 figure above that median.

• Nainar Mohamed Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Nagavalliamman Koil Street (Ward -8): Rs 1,980 per sq.ft (2024)
• Nalliagodan Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Nagavalliamman Koil Street (Ward -2): Rs 1,320 per sq.ft (2024)
• Nammalwar Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Nanmullaiyar Street (Ward -7): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Nakkeeran Street (Ward -4)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total fees together to Rs 1,58,400. It is important to note that the 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 Nakkeeran Street (Ward -4)?

The Sub Registrar Office that covers Nakkeeran Street (Ward -4) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kattankollatur. It determines the minimum price at which a property can be registered and is used to calculate stamp duty and registration fees. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value serves as a benchmark for assessing the sale price. If the sale price is higher than the guideline value, the stamp duty is calculated based on the sale price, ensuring that the correct fees are paid to the registration authority.

Frequently asked questions

What is the current guideline value of Nakkeeran Street (Ward -4)?

The current guideline value of Nakkeeran Street (Ward -4) is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, then to Rs 1,600 per sq.ft in 2023, and finally to Rs 1,760 per sq.ft in 2024.

What are the other streets in Kattankollatur and their guideline values?

Other streets in Kattankollatur include Nainar Mohamed Street (Ward -7) at Rs 1,320 per sq.ft, Nagavalliamman Koil Street (Ward -8) at Rs 1,980 per sq.ft, and several others, all listed with their respective rates.

What is the stamp duty for a property in Nakkeeran Street (Ward -4)?

The stamp duty for a property valued at Rs 17,60,000 would be Rs 1,23,200, with an additional registration fee of Rs 35,200, totaling Rs 1,58,400.

Which Sub Registrar Office covers Nakkeeran Street (Ward -4)?

The Chengleput Joint II Sub Registrar Office covers Nakkeeran Street (Ward -4), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.