Guideline Value for NALLAKULAM STERRT

Nallakulam Sterrt guideline value

The current guideline value of Nallakulam Sterrt is Rs 1,099 per sq.ft, effective from 1 July 2024. This street is located in Tiruttani village, under the Thiruttani SRO, and is classified as Residential Class I Type - I.

How the guideline value of Nallakulam Sterrt has changed

The guideline value for Nallakulam Sterrt has seen significant changes over the years. The oldest recorded revision is from 2017, which set the rate at Rs 670 per sq.ft. This figure increased to Rs 1,000 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 further increased the guideline value to Rs 1,099 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no recorded figures for Nallakulam Sterrt in the revisions from 2002, 2003, 2007, and 2012.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO that carry a 2024 guideline value, ranging from Rs 548 to Rs 1,540 per sq.ft. The median value among these streets is Rs 825 per sq.ft, placing Nallakulam Sterrt's 2024 figure above this median.

• Nallathanneerkulam Street: Rs 1,099 per sq.ft (2024)
• Nagari Road: Rs 770 per sq.ft (2024)
• Narasimhalu Swamy Koil Street: Rs 825 per sq.ft (2024)
• Nattukottai Chetty Street: Rs 1,099 per sq.ft (2024)
• Muslim Street: Rs 825 per sq.ft (2024)
• Murugur: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Nallakulam Sterrt

For a 1,000 sq.ft plot at the current guideline value of Rs 1,099 per sq.ft, the total guideline value amounts to Rs 10,99,000. The stamp duty, charged at 7%, would be Rs 76,930, while the registration fee at 2% would be Rs 21,980. Therefore, the total cost for stamp duty and registration would be Rs 98,910. 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 Nallakulam Sterrt?

The Sub Registrar Office that covers Nallakulam Sterrt is the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Tiruttani. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. The guideline value is set by the Registration Department and is updated periodically to reflect changes in the real estate market.

When a buyer or seller approaches the registration office, the guideline value is used to calculate the applicable fees. It is essential for both parties to be aware of the current guideline value to ensure compliance with legal requirements and to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Nallakulam Sterrt?

The current guideline value of Nallakulam Sterrt is Rs 1,099 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 670 per sq.ft to Rs 1,099 per sq.ft in 2024, marking an overall increase of 64%. The most recent change was a 10% increase from Rs 1,000 per sq.ft in 2023.

What is the classification of Nallakulam Sterrt?

Nallakulam Sterrt is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

Where can I find the Thiruttani Sub Registrar Office?

The Thiruttani Sub Registrar Office is located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.

How is the stamp duty calculated in Tiruttani?

Stamp duty in Tiruttani is calculated based on the guideline value or the sale price, whichever is higher. The current rate for stamp duty is 7%, while the registration fee is 2% of the guideline value.