Guideline Value for NESAVALAR COLONY 13TH STREET

Nesavalar Colony 13th Street guideline value

The current guideline value for Nesavalar Colony 13th Street is Rs 4,300 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO and is classified as Residential Class II Type - I.

How the guideline value of Nesavalar Colony 13th Street has changed

In the 2012 revision, the guideline value was Rs 4,000 per sq.ft. This figure decreased by 33% to Rs 2,680 per sq.ft in the 2017 revision. The most recent revision in 2024 saw a significant increase of 60%, bringing the guideline value to Rs 4,300 per sq.ft.

Overall, from 2012 to 2024, the guideline value has increased by 8%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2023 for this street.

Guideline values in Perambur

In Perambur, the 2024 guideline values range from Rs 1,600 to Rs 7,100 per sq.ft across 1,114 streets under the Purasaivakkam SRO, with a median value of Rs 2,700 per sq.ft. The guideline value for Nesavalar Colony 13th Street is above this median.

• Nesavalar Colony 12th Street: Rs 4,300 per sq.ft (2024)
• Nesavalar Colony 1st Street: Rs 4,300 per sq.ft (2024)
• Nesavalar Colony 11th Street: Rs 4,300 per sq.ft (2024)
• Nesavalar Colony 2nd Street: Rs 4,300 per sq.ft (2024)
• Nesavalar Colony 10th Street: Rs 4,300 per sq.ft (2024)
• Nesavalar Colony 3rd Street: Rs 4,300 per sq.ft (2024)

Stamp duty and registration fee for property in Nesavalar Colony 13th Street

For a 1,000 sq.ft plot at the current rate of Rs 4,300 per sq.ft, the guideline value amounts to Rs 43,00,000. The stamp duty at 7% would be Rs 3,01,000, and the registration fee at 2% would be Rs 86,000, bringing the total to Rs 3,87,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nesavalar Colony 13th Street?

The Sub Registrar Office that covers Nesavalar Colony 13th Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value serves as a benchmark for property transactions in Perambur, determining the minimum value at which properties can be registered. Buyers and sellers must consider this value while negotiating sale prices to ensure compliance with local regulations.

At the time of registration, the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Nesavalar Colony 13th Street?

The current guideline value for Nesavalar Colony 13th Street is Rs 4,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes: from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, and then to Rs 4,300 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, and 2023 for this street.

What are the guideline values for other streets in Perambur?

Other streets in Perambur have varying guideline values, with Nesavalar Colony 12th Street, 1st Street, 11th Street, 2nd Street, 10th Street, and 3rd Street all having a guideline value of Rs 4,300 per sq.ft for 2024.

What are the fees for registering property in Nesavalar Colony 13th Street?

The fees for registering property include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total of Rs 3,87,000 in fees.

Where can I find the Sub Registrar Office for Nesavalar Colony 13th Street?

The Purasaivakkam Sub Registrar Office covers Nesavalar Colony 13th Street and is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find more information about your SRO online.