Guideline Value for NANDEESWARAR GREEN LAND

Nandeeswarar Green Land guideline value

The current guideline value of Nandeeswarar Green Land is Rs 100 per sq.ft, effective from 1 July 2024. This property is located in Peranakavoor village and falls under the Salavakkam SRO. The land classification is Residential Class II Type - I.

How the guideline value of Nandeeswarar Green Land has changed

Over the years, the guideline value for Nandeeswarar Green Land has seen several revisions. The 2012 revision set the value at Rs 70 per sq.ft, which then changed to Rs 47 per sq.ft in the 2017 revision. This marked a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 100 per sq.ft, reflecting a rise of 113%. The 2024 revision maintained this value at Rs 100 per sq.ft, showing no change from the previous year.

In summary, the overall change from 2012 to 2024 shows an increase of 43%, with the guideline value remaining stable at Rs 100 per sq.ft since 2023. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peranakavoor

In Peranakavoor, there are 9 streets under the Salavakkam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 102 per sq.ft. The median value is Rs 100 per sq.ft, which is equal to the guideline value of Nandeeswarar Green Land. Below are the guideline values for other streets in Peranakavoor:

• Mariamman Koil Street: Rs 100 per sq.ft (2024)
• Peranakavur Mettu Colany: Rs 102 per sq.ft (2024)
• Peranakavur Palla colany: Rs 102 per sq.ft (2024)
• PoiyaMozhi vinayagar Street: Rs 101 per sq.ft (2024)
• Sri Balaji Avenue Part-I: Rs 100 per sq.ft (2024)
• Sri Balaji Avenue Part-II: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Nandeeswarar Green Land

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total to Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nandeeswarar Green Land?

The Sub Registrar Office that covers Nandeeswarar Green Land is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering a property in Peranakavoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process. Buyers and sellers should be aware that the guideline value may influence the overall cost of the property transaction.

When a property is sold, the guideline value is compared with the sale price to determine the applicable duties. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Nandeeswarar Green Land?

The current guideline value of Nandeeswarar Green Land is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen changes from Rs 70 per sq.ft in 2012 to Rs 100 per sq.ft in 2024, with a significant increase of 113% from 2017 to 2023.

What is the land classification of Nandeeswarar Green Land?

Nandeeswarar Green Land is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Nandeeswarar Green Land?

The Sub Registrar Office for Nandeeswarar Green Land is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Nandeeswarar Green Land?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at Rs 100 per sq.ft, the total guideline value is Rs 1,00,000, leading to a stamp duty of Rs 7,000.