Guideline Value for NARASIMHALU SWAMY KOIL STREET

Narasimhalu Swamy Koil Street guideline value

The current guideline value of Narasimhalu Swamy Koil Street is Rs 825 per sq.ft, effective from 1 July 2024. This street is located in Tiruttani village under the Thiruttani SRO, classified as Residential Class III Type - I.

How the guideline value of Narasimhalu Swamy Koil Street has changed

The guideline value for Narasimhalu Swamy Koil Street has undergone several revisions over the years. The 2017 revision set the value at Rs 502 per sq.ft, which increased significantly to Rs 750 per sq.ft in the 2023 revision. The latest revision in 2024 has raised the guideline value to Rs 825 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the value has increased by 64%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. This lack of data means we cannot assess changes during those years.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO that carry a 2024 guideline value, ranging from Rs 548 to Rs 1,540 per sq.ft. The median value among these streets is Rs 825 per sq.ft, which is the same as the guideline value for Narasimhalu Swamy Koil Street.

• Nallathanneerkulam Street: Rs 1,099 per sq.ft (2024)
• Nallakulam Sterrt: Rs 1,099 per sq.ft (2024)
• Nattukottai Chetty Street: Rs 1,099 per sq.ft (2024)
• Nagari Road: Rs 770 per sq.ft (2024)
• Nehru Nagar: Rs 770 per sq.ft (2024)
• Muslim Street: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Narasimhalu Swamy Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value would be Rs 8,25,000. The stamp duty at 7% would amount to Rs 57,750, and the registration fee at 2% would be Rs 16,500, bringing the total cost for these fees to Rs 74,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Narasimhalu Swamy Koil Street?

The Sub Registrar Office that covers Narasimhalu Swamy Koil Street is the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Tiruttani. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Narasimhalu Swamy Koil Street?

The current guideline value of Narasimhalu Swamy Koil Street is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 502 per sq.ft in 2017 to Rs 750 per sq.ft in 2023, and it has increased to Rs 825 per sq.ft in 2024. Overall, this represents a 64% increase from 2017 to 2024.

What is the median guideline value in Tiruttani?

The median guideline value for streets in Tiruttani is Rs 825 per sq.ft, which is the same as the guideline value for Narasimhalu Swamy Koil Street.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 8,25,000, the stamp duty would be Rs 57,750, and the registration fee would be Rs 16,500, totaling Rs 74,250. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for Narasimhalu Swamy Koil Street?

The Thiruttani Sub Registrar Office handles the registration for Narasimhalu Swamy Koil Street, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.