Guideline Value for NALLIAGODAN STREET (WARD -6)

Nalliagodan Street (Ward -6) guideline value

The current guideline value of Nalliagodan Street (Ward -6) is Rs 1,321 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - V.

How the guideline value of Nalliagodan Street (Ward -6) has changed

The guideline value for Nalliagodan Street has undergone several revisions over the years. In 2012, the guideline value was set at Rs 1,200 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 804 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 1,200 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 1,321 per sq.ft, a rise of 10% from the previous year.

It is important to note that the register has no figures for Nalliagodan Street for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, indicating that Nalliagodan Street's 2024 figure of Rs 1,321 per sq.ft is above this median.

• Nammalwar Street (Ward -5): Rs 1,321 per sq.ft (2024)
• Nakkeeran Street (Ward -4): Rs 1,760 per sq.ft (2024)
• Nainar Mohamed Street (Ward -7): Rs 1,321 per sq.ft (2024)
• Nagavalliamman Koil Street (Ward -8): Rs 1,980 per sq.ft (2024)
• Nagavalliamman Koil Street (Ward -2): Rs 1,321 per sq.ft (2024)
• Nanmullaiyar Street (Ward -7): Rs 1,321 per sq.ft (2024)

Stamp duty and registration fee for property in Nalliagodan Street (Ward -6)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,321 per sq.ft, the total guideline value would be Rs 13,21,000. The stamp duty at 7% would amount to Rs 92,470, and the registration fee at 2% would be Rs 26,420, bringing the total cost for these fees to Rs 1,18,890. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nalliagodan Street (Ward -6)?

The Sub Registrar Office that covers Nalliagodan Street (Ward -6) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value is a crucial factor when buying or selling property in Ninna Karai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must consider the guideline value to ensure compliance with the legal requirements for property transactions.

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This means that understanding the guideline value is essential for both buyers and sellers to accurately assess the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Nalliagodan Street (Ward -6)?

The current guideline value of Nalliagodan Street (Ward -6) is Rs 1,321 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revision in 2024 increasing the value to Rs 1,321 per sq.ft from Rs 1,200 per sq.ft in 2023, which was a 10% increase.

What is the land classification for Nalliagodan Street (Ward -6)?

The land classification for Nalliagodan Street (Ward -6) is Residential Special Type - V, indicating its designated use for residential purposes.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is stamp duty calculated for properties in Ninna Karai?

Stamp duty for properties in Ninna Karai is calculated based on the higher of the guideline value or the sale price. This ensures that the appropriate fees are paid during the registration process.