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 Peramanoor village under the Chengleput Joint II SRO, 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. Starting from the 2012 revision, the value was Rs 1,600 per sq.ft. This was followed by a decrease to Rs 1,072 per sq.ft in 2017. The 2023 revision then increased the value to Rs 1,600 per sq.ft, and the most recent 2024 revision set it at Rs 1,760 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

Between the revisions, there have been significant changes. From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. The overall change from 2012 to 2024 is an increase of 10%.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft. The median value of these streets is Rs 1,100 per sq.ft, placing Nakkeeran Street's 2024 figure above the 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 would be 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, totaling Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator to estimate your costs.

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. You can find your SRO for more information.

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

The guideline value is a critical factor when buying or selling property in Peramanoor. It is used to determine the stamp duty and registration fees applicable during the registration process.

When a property is sold, the guideline value is compared to the sale price, and the higher value is used to calculate the duties. This ensures that the government receives the appropriate revenue from property transactions.

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 1,760 per sq.ft in 2024. The value experienced a decrease to Rs 1,072 per sq.ft in 2017 before rising again in subsequent revisions.

What is the land classification for Nakkeeran Street?

Nakkeeran Street (Ward -4) is classified as Residential Special Type - III, indicating its suitability for residential development.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles registrations for properties in the area.

How is the stamp duty calculated for properties in Nakkeeran Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, at the current guideline value of Rs 1,760 per sq.ft, the total duty can be calculated accordingly.