Guideline Value for NANDHAKUMAR STREET, THAILAVARAM (WARD-21)

Nandhakumar Street, Thailavaram (Ward-21) guideline value

The current guideline value of Nandhakumar Street, Thailavaram (Ward-21) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Vallancheri village and falls under the Chengleput Joint II SRO, classified as Residential Class II Type - I.

How the guideline value of Nandhakumar Street, Thailavaram (Ward-21) has changed

The guideline value of Nandhakumar Street has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 402 per sq.ft, marking a decrease of 33%. The following revision in 2023 raised it to Rs 600 per sq.ft, and the latest revision in 2024 increased it further to Rs 660 per sq.ft, reflecting a 10% rise from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Vallancheri

In Vallancheri, there are 134 streets under the Chengleput Joint II SRO, with the 2024 guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value in this area is Rs 825 per sq.ft, and Nandhakumar Street's 2024 value is below this median.

• Narasimman Nagar (Ward-21): Rs 1,980 per sq.ft (2024)
• Narasimman Street (Ward-21): Rs 660 per sq.ft (2024)
• Neenjili Amman Koil Street (Ward-21): Rs 660 per sq.ft (2024)
• Muthulinga Devar Street (Ward-21): Rs 660 per sq.ft (2024)
• Nehru Street (Ward-21): Rs 660 per sq.ft (2024)
• Mooppanar Street (Ward-20): Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Nandhakumar Street, Thailavaram (Ward-21)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees to Rs 59,400. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nandhakumar Street, Thailavaram (Ward-21)?

The Sub Registrar Office that covers Nandhakumar Street, Thailavaram (Ward-21) 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 more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vallancheri. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When you proceed with a property transaction, the guideline value ensures that the government receives appropriate revenue through stamp duty. It is essential for buyers and sellers to be aware of this value to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Nandhakumar Street, Thailavaram (Ward-21)?

The current guideline value of Nandhakumar Street, Thailavaram (Ward-21) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then back to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Nandhakumar Street?

For a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 and the registration fee would be Rs 13,200, totaling Rs 59,400.

Which Sub Registrar Office covers Nandhakumar Street?

The Chengleput Joint II Sub Registrar Office covers Nandhakumar Street, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification of Nandhakumar Street?

Nandhakumar Street is classified as Residential Class II Type - I under the Chengleput Joint II SRO.