Guideline Value for NALLUR AMMAN KOVIL STREET

Nallur Amman Kovil Street guideline value

The current guideline value of Nallur Amman Kovil Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Chinnakavanam village and falls under the Ponneri Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - I.

How the guideline value of Nallur Amman Kovil Street has changed

The guideline value for Nallur Amman Kovil Street has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which then decreased to Rs 134 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 124%, bringing the value back to Rs 300 per sq.ft, a figure that remained unchanged in the 2024 revision.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the current 2024 revision, the guideline value has increased by 50%.

Guideline values in Chinnakavanam

In Chinnakavanam, there are 28 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 400 per sq.ft, with a median value of Rs 300 per sq.ft. Nallur Amman Kovil Street's 2024 guideline value is equal to this median.

• Nethaji Nagar: Rs 300 per sq.ft (2024)
• Meenakshi Nagar: Rs 300 per sq.ft (2024)
• Pazaverkadu Salai: Rs 300 per sq.ft (2024)
• Periya Thambi Mudali St: Rs 300 per sq.ft (2024)
• Perumbedu Salai: Rs 300 per sq.ft (2024)
• Ponneri - Pudhuvoyal Road: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Nallur Amman Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nallur Amman Kovil Street?

The Nallur Amman Kovil Street is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Chinnakavanam, as it determines the minimum value at which a property can be registered. When buying or selling property, it is essential to refer to the guideline value to ensure compliance with registration laws.

Moreover, the stamp duty and registration fees are calculated based on the guideline value, which can significantly impact the overall cost of the transaction. Buyers and sellers should always check the latest guideline values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Nallur Amman Kovil Street?

The current guideline value of Nallur Amman Kovil Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then increased to Rs 300 per sq.ft in both 2023 and 2024. Overall, from 2012 to 2024, there has been a 50% increase.

What are the other streets in Chinnakavanam with the same guideline value?

Other streets in Chinnakavanam with a guideline value of Rs 300 per sq.ft in 2024 include Nethaji Nagar, Meenakshi Nagar, Pazaverkadu Salai, Periya Thambi Mudali St, Perumbedu Salai, and Ponneri - Pudhuvoyal Road.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles the registration of properties in the area.

How is stamp duty calculated in Nallur Amman Kovil 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 valued at Rs 3,00,000, the stamp duty would be Rs 21,000 at a rate of 7%.