Guideline Value for NANDIYAM PAKKAM ROAD

Nandiyam Pakkam Road guideline value

The current guideline value of Nandiyam Pakkam Road is Rs 220 per sq.ft, effective from 1 July 2024. This road is located in Kolatti village under the Ponneri SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Nandiyam Pakkam Road has changed

The guideline value for Nandiyam Pakkam Road has undergone several revisions over the years. In 2002, the guideline value was Rs 22 per sq.ft, which increased to Rs 25 per sq.ft in 2003, marking a 14% rise. The value saw a significant jump to Rs 200 per sq.ft in 2012, reflecting a 700% increase from the 2003 figure. However, it dropped to Rs 134 per sq.ft in 2017, a decrease of 33%. The 2023 revision set the value at Rs 200 per sq.ft, and the latest revision in 2024 has increased it to Rs 220 per sq.ft, which is a 10% increase from the previous year.

There is no figure available for Nandiyam Pakkam Road in the 2007 revision. Overall, from 2002 to 2024, the guideline value has increased by 900%.

Guideline values in Kolatti

In Kolatti village, there are 18 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 330 per sq.ft, with a median value of Rs 275 per sq.ft. Nandiyam Pakkam Road's 2024 figure is below this median.

• Naidu Street: Rs 220 per sq.ft (2024)
• Parasakthi Nagar: Rs 220 per sq.ft (2024)
• Prasanthi Nagar: Rs 330 per sq.ft (2024)
• P.S.Srinivasa Nagar: Rs 330 per sq.ft (2024)
• Pudhupedu Adidravidar Kudi Irupu: Rs 220 per sq.ft (2024)
• Pudupedu Grama Sudukadu Pattai: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Nandiyam Pakkam Road

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value would be Rs 2,20,000. The stamp duty at 7% would amount to Rs 15,400, while the registration fee at 2% would be Rs 4,400, bringing the total fees together to Rs 19,800. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nandiyam Pakkam Road?

The Nandiyam Pakkam Road falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kolatti. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are recorded accurately.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Nandiyam Pakkam Road?

The current guideline value of Nandiyam Pakkam Road is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 22 per sq.ft in 2002 to Rs 220 per sq.ft in 2024, reflecting an overall increase of 900% over this period.

What is the stamp duty rate for properties in Nandiyam Pakkam Road?

The stamp duty rate for properties in Nandiyam Pakkam Road is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Nandiyam Pakkam Road?

The Sub Registrar Office covering Nandiyam Pakkam Road is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What are the other streets in Kolatti with guideline values?

Other streets in Kolatti include Naidu Street and Parasakthi Nagar, both at Rs 220 per sq.ft, as well as Prasanthi Nagar and P.S.Srinivasa Nagar, both at Rs 330 per sq.ft, among others.