Guideline Value for NAKKEERAN

Nakkeeran guideline value

The current guideline value of Nakkeeran is Rs 990 per sq.ft, effective from 1 July 2024. This street is located in Paleripattu village under the Avadi SRO, classified as Residential Class II Type - I.

How the guideline value of Nakkeeran has changed

The guideline value for Nakkeeran has seen several revisions over the years. The 2012 revision recorded a value of Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in 2017. Following this, the value increased significantly to Rs 900 per sq.ft in 2023, and as of the 2024 revision, it stands at Rs 990 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, the guideline value increased by 49%, followed by a 10% rise from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Paleripattu

Paleripattu village has a total of 111 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 4,200 per sq.ft. The median value for these streets is Rs 990 per sq.ft, making Nakkeeran's 2024 figure equal to this median.

• Muthukrishnan St: Rs 990 per sq.ft (2024)
• Natesan Nagar Phase I: Rs 2,200 per sq.ft (2024)
• Neelamegam St: Rs 990 per sq.ft (2024)
• M.P.S.St: Rs 990 per sq.ft (2024)
• N.S.K.1st Main Road: Rs 990 per sq.ft (2024)
• N.S.K.Street: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Nakkeeran

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, leading to a total of Rs 89,100. It is important to note that the 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 further calculations.

Which Sub Registrar Office covers Nakkeeran?

The Nakkeeran area is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Paleripattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the buying or selling of property.

When a property is sold, the guideline value is considered to ensure that the transaction is registered at a fair value. This helps maintain transparency in property transactions and ensures that the government receives the appropriate revenue from stamp duties.

Frequently asked questions

What is the current guideline value of Nakkeeran?

The current guideline value of Nakkeeran is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the median guideline value in Paleripattu?

The median guideline value for the 111 streets in Paleripattu is Rs 990 per sq.ft, which is the same as the current value for Nakkeeran.

What are the stamp duty and registration fees for Nakkeeran?

For a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300 and the registration fee would be Rs 19,800, totaling Rs 89,100.

Which office handles property registrations for Nakkeeran?

The Avadi Sub Registrar Office handles property registrations for Nakkeeran, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.