Guideline Value for NALLA THANNEER ODAI KUPPAM

Nalla Thanneer Odai Kuppam guideline value

The current guideline value of Nalla Thanneer Odai Kuppam is Rs 2,150 per sq.ft, effective from 1 July 2024. This area is located in Thiruvottiyur village, under the Thiruvottiyur SRO, and is classified as Residential Class I Type - II.

How the guideline value of Nalla Thanneer Odai Kuppam has changed

Over the years, the guideline value of Nalla Thanneer Odai Kuppam has seen significant changes. In 2007, the guideline value was Rs 400 per sq.ft, which increased dramatically to Rs 2,000 per sq.ft in 2012, marking a 400% rise. However, it then dropped to Rs 1,340 per sq.ft in 2017, a decrease of 33%. The value further increased to Rs 2,000 per sq.ft in 2023, and most recently, it has risen to Rs 2,150 per sq.ft in 2024, reflecting an 8% increase.

Between the revisions, the most notable change occurred from 2017 to 2023, where there was a substantial increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 438%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thiruvottiyur

In Thiruvottiyur, there are 177 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 8,600 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, placing Nalla Thanneer Odai Kuppam's 2024 figure below that median.

• Nandi Odai Street: Rs 2,800 per sq.ft (2024)
• Nadapai Thottam: Rs 3,300 per sq.ft (2024)
• Nataraja Gramani Thottam Street: Rs 3,300 per sq.ft (2024)
• Nehru Nagar: Rs 1,500 per sq.ft (2024)
• Nellikkaran Street: Rs 3,300 per sq.ft (2024)
• Nethaji Nagar /Streets: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Nalla Thanneer Odai Kuppam

For a 1,000 sq.ft plot at the current guideline value of Rs 2,150 per sq.ft, the total guideline value would be Rs 21,50,000. The stamp duty at 7% would amount to Rs 1,50,500, and the registration fee at 2% would be Rs 43,000. Together, these fees would total Rs 1,93,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nalla Thanneer Odai Kuppam?

The Sub Registrar Office that covers Nalla Thanneer Odai Kuppam is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019, in the Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Thiruvottiyur. It serves as a benchmark for determining the minimum value at which properties can be registered. Buyers and sellers must consider this value to understand the financial implications of property transactions.

During the registration process, the guideline value is used to calculate stamp duty and registration fees, which are mandatory expenses that must be settled before the property can be officially transferred. This ensures that the government receives its due revenue from property transactions.

Frequently asked questions

What is the current guideline value of Nalla Thanneer Odai Kuppam?

The current guideline value of Nalla Thanneer Odai Kuppam is Rs 2,150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 400 per sq.ft in 2007 to Rs 2,150 per sq.ft in 2024, marking an overall increase of 438% over the years.

What is the median guideline value in Thiruvottiyur?

The median guideline value for the 177 streets in Thiruvottiyur is Rs 3,300 per sq.ft, which is higher than the current value of Nalla Thanneer Odai Kuppam.

What are the stamp duty and registration fees for properties in Nalla Thanneer Odai Kuppam?

For a property valued at Rs 21,50,000, the stamp duty would be Rs 1,50,500 and the registration fee would be Rs 43,000, totaling Rs 1,93,500.

Which office handles property registrations for Nalla Thanneer Odai Kuppam?

The Thiruvottiyur Sub Registrar Office handles property registrations for Nalla Thanneer Odai Kuppam, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.