Guideline Value for NALLIAGODAN STREET (WARD -6)

Nalliagodan Street (Ward -6) guideline value

The current guideline value of Nalliagodan Street (Ward -6) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor 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 seen several revisions over the years. In 2012, the value was set at Rs 1,200 per sq.ft. This figure then decreased to Rs 804 per sq.ft in the 2017 revision. Following that, the value increased significantly to Rs 1,200 per sq.ft in 2023, and most recently, it rose to Rs 1,320 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. Notably, there are no figures available for this street in the 2002, 2003, and 2007 revisions.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. Nalliagodan Street's 2024 figure of Rs 1,320 per sq.ft is above this median.

• Nammalwar Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Nakkeeran Street (Ward -4): Rs 1,760 per sq.ft (2024)
• Nainar Mohamed Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Nagavalliamman Koil Street (Ward -8): Rs 1,980 per sq.ft (2024)
• Nagavalliamman Koil Street (Ward -2): Rs 1,320 per sq.ft (2024)
• Nanmullaiyar Street (Ward -7): Rs 1,320 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 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total cost together to Rs 1,18,800. It is important to note that the 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, in the Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value is a crucial factor when buying or selling property in Peramanoor, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, ensuring that both the buyer and seller adhere to the legal requirements during the transaction.

When a property is sold, the guideline value helps in establishing a fair and transparent process for registration. Buyers should be aware that the guideline value may differ from the market price, and it is essential to consider this when negotiating the sale.

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 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Nalliagodan Street?

The land classification for Nalliagodan Street is Residential Special Type - V.

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.

How is the stamp duty calculated for properties in Nalliagodan Street?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 1,320 per sq.ft would incur a stamp duty of Rs 92,400.