Guideline Value for NANTHANAR STREET (WARD -7)

Nanthanar Street (Ward -7) guideline value

The current guideline value of Nanthanar Street (Ward -7) is Rs 1,760 per sq.ft. 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 - III.

How the guideline value of Nanthanar Street (Ward -7) has changed

The guideline value for Nanthanar Street has seen several revisions over the years. In 2012, the guideline value was Rs 1,600 per sq.ft, which remained unchanged in the next revision in 2017, where it dropped to Rs 1,072 per sq.ft. The 2023 revision marked an increase to Rs 1,600 per sq.ft, and the most recent 2024 revision set the value at Rs 1,760 per sq.ft, reflecting a 10% increase from the previous year.

Between the revisions, the changes were significant. From 2012 to 2017, there was a decrease of 33%, followed by a substantial increase of 49% from 2017 to 2023. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 10%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peramanoor

In Peramanoor village, 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. The median value is Rs 1,100 per sq.ft, making the guideline value of Nanthanar Street (Ward -7) above this median.

• Nanmullaiyar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Nammalwar Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Nalliagodan Street (Ward -6): 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)

Stamp duty and registration fee for property in Nanthanar Street (Ward -7)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total cost for these fees to Rs 1,58,400. 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 detailed calculations.

Which Sub Registrar Office covers Nanthanar Street (Ward -7)?

The Sub Registrar Office that covers Nanthanar Street (Ward -7) 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 information.

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

The guideline value plays a crucial role in property transactions in Peramanoor. It is used to determine the stamp duty and registration fees that need to be paid during the buying or selling process. Buyers and sellers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to refer to the latest guideline values to ensure compliance with local regulations. This helps in avoiding any discrepancies during the registration process and ensures a smoother transaction.

Frequently asked questions

What is the current guideline value of Nanthanar Street (Ward -7)?

The current guideline value of Nanthanar Street (Ward -7) is Rs 1,760 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years for Nanthanar Street?

The guideline value has changed from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, then increased to Rs 1,600 per sq.ft in 2023, and finally set at Rs 1,760 per sq.ft in 2024.

What is the land classification for Nanthanar Street (Ward -7)?

The land classification for Nanthanar Street (Ward -7) is Residential Special Type - III.

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

For a property valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200, and the registration fee would be Rs 35,200, totaling Rs 1,58,400.

Which office handles registrations for Nanthanar Street (Ward -7)?

The Chengleput Joint II Sub Registrar Office handles registrations for Nanthanar Street (Ward -7), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.