Guideline Value for NARASHIMHA PERUMAL KOIL STREET AND CROSS STREET

Narashimha Perumal Koil Street And Cross Street guideline value

The current guideline value of Narashimha Perumal Koil Street And Cross Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Ramapuram village under the Chennai South Joint II SRO, classified as Residential Class II Type - II.

How the guideline value of Narashimha Perumal Koil Street And Cross Street has changed

The guideline value for Narashimha Perumal Koil Street And Cross Street has seen several revisions over the years. The earliest recorded figure is from 2003, set at Rs 346 per sq.ft. This figure increased significantly to Rs 1,390 per sq.ft in 2007, marking a rise of 302%. The value then rose to Rs 2,500 per sq.ft in 2012, reflecting an 80% increase. However, it decreased to Rs 1,675 per sq.ft in 2017, a drop of 33%. The value saw a substantial increase to Rs 2,500 per sq.ft in 2023, and further increased by 10% to the current value of Rs 2,750 per sq.ft in 2024.

Overall, from 2003 to 2024, the guideline value has increased by 695%. It is important to note that the register has no figure for the year 2002 for this street.

Guideline values in Ramapuram

In Ramapuram, there are 394 streets under the Chennai South Joint II SRO that carry a 2024 guideline value, ranging from Rs 1,950 to Rs 6,600 per sq.ft. The median guideline value in this area is Rs 3,100 per sq.ft, placing Narashimha Perumal Koil Street And Cross Street below that median.

• Narasimhan Nagar: Rs 1,950 per sq.ft (2024)
• Natarajan Salai: Rs 1,950 per sq.ft (2024)
• Natarajan Street: Rs 1,950 per sq.ft (2024)
• Natchatira Street: Rs 1,950 per sq.ft (2024)
• Natesa Nagar 1st Lane: Rs 2,750 per sq.ft (2024)
• Natesa Nagar 1 to 6 Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Narashimha Perumal Koil Street And Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. It is important to note that the 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 Narashimha Perumal Koil Street And Cross Street?

The Sub Registrar Office covering Narashimha Perumal Koil Street And Cross Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Ramapuram. When buying or selling a property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the guideline value as it impacts the overall cost of property transactions. The higher of the guideline value or the sale price is considered for calculating the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Narashimha Perumal Koil Street And Cross Street?

The current guideline value of Narashimha Perumal Koil Street And Cross Street is Rs 2,750 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 346 per sq.ft in 2003 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 695% over the years.

What is the median guideline value in Ramapuram?

The median guideline value in Ramapuram is Rs 3,100 per sq.ft, which is higher than the current value of Narashimha Perumal Koil Street And Cross Street.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which office handles the registration for Narashimha Perumal Koil Street And Cross Street?

The Chennai South Joint II Sub Registrar Office is responsible for the registration of properties in Narashimha Perumal Koil Street And Cross Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.