Guideline Value for NALADIYAR STREET

Naladiyar Street guideline value

The current guideline value of Naladiyar Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village under the Pallavaram SRO, classified as Residential Class II Type - I.

How the guideline value of Naladiyar Street has changed

In the 2012 revision, the guideline value for Naladiyar Street was Rs 2,500 per sq.ft. This figure remained unchanged in the 2023 revision, where it was still Rs 2,500 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 2,750 per sq.ft, marking a 10% increase from the previous year.

The register does not contain figures for the years 2002, 2003, 2007, and 2017 for Naladiyar Street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Zaminpallavaram

Within Zaminpallavaram, there are 638 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, placing Naladiyar Street's 2024 figure below this median.

• Nakkiran Street: Rs 3,520 per sq.ft (2024)
• Naidu Shop Road: Rs 3,520 per sq.ft (2024)
• Namalvar Street: Rs 3,300 per sq.ft (2024)
• 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)
• Nagalakshmi Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Naladiyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, resulting in a total of Rs 2,47,500. 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 detailed calculations.

Which Sub Registrar Office covers Naladiyar Street?

The Sub Registrar Office that covers Naladiyar Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Zaminpallavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that all transactions are conducted transparently and fairly.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This helps to standardize costs across different properties and ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Naladiyar Street?

The current guideline value of Naladiyar Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Naladiyar Street was Rs 2,500 per sq.ft in 2012 and remained the same in 2023. It increased to Rs 2,750 per sq.ft in 2024, marking a 10% increase from the previous year.

What is the land classification of Naladiyar Street?

Naladiyar Street is classified as Residential Class II Type - I according to the local land classification guidelines.

Where can I find the registration office for Naladiyar Street?

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

How is stamp duty calculated for properties in Naladiyar Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property with a guideline value of Rs 27,50,000, the stamp duty at 7% would be Rs 1,92,500.