Guideline Value for NAKKERAR CROSS STREET

Nakkerar Cross Street guideline value

The current guideline value of Nakkerar Cross Street is Rs 800 per sq.ft, effective from 1 July 2024. This street is located in Thandurai village under the Avadi SRO, and it falls under the Residential Class II Type - II land classification.

How the guideline value of Nakkerar Cross Street has changed

In the 2012 revision, the guideline value was set at Rs 800 per sq.ft. This was followed by a decrease to Rs 536 per sq.ft in the 2017 revision, marking a decline of 33%. However, the guideline value saw a significant increase of 49% to Rs 800 per sq.ft in the 2023 revision. The current 2024 revision maintains the same value of Rs 800 per sq.ft, reflecting no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for Nakkerar Cross Street. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 800 per sq.ft.

Guideline values in Thandurai

In Thandurai village, there are 331 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 2,640 per sq.ft. The median guideline value for these streets is Rs 988 per sq.ft, placing Nakkerar Cross Street's 2024 figure below that median.

• Nakkerar Street: Rs 800 per sq.ft (2024)
• Nagavalliyamman Koil St (M.T.H.Road): Rs 988 per sq.ft (2024)
• Nagarathinam St: Rs 800 per sq.ft (2024)
• Nagamman Koil St: Rs 1,300 per sq.ft (2024)
• Navajeevan Nagar: Rs 988 per sq.ft (2024)
• Navajeevan Nagar 1st Cross Street: Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in Nakkerar Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total fees together to Rs 72,000. 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 more details.

Which Sub Registrar Office covers Nakkerar Cross Street?

The Sub Registrar Office that covers Nakkerar Cross Street is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Thandurai. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Nakkerar Cross Street?

The current guideline value of Nakkerar Cross Street is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen fluctuations, with a decline to Rs 536 per sq.ft in 2017, followed by an increase back to Rs 800 per sq.ft in 2023 and remaining the same in 2024. Overall, from 2012 to 2024, the value has not changed.

What is the median guideline value in Thandurai?

The median guideline value for the streets in Thandurai is Rs 988 per sq.ft, which is higher than the guideline value of Nakkerar Cross Street.

What fees are associated with buying property in Nakkerar Cross Street?

The fees associated with buying property include a stamp duty of 7% and a registration fee of 2% based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Nakkerar Cross Street?

The Sub Registrar Office for Nakkerar Cross Street is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.