Guideline Value for NIYAYAVELAIKADAI STREET

Niyayavelaikadai Street guideline value

The current guideline value of Niyayavelaikadai Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in the village of Cheyyur under the Cheyyur SRO, with a land classification of Residential Class II Type - I.

How the guideline value of Niyayavelaikadai Street has changed

The guideline value for Niyayavelaikadai Street has seen several revisions over the years. In the 2017 revision, the value was set at Rs 134 per sq.ft. This figure remained unchanged in the 2023 revision, where it was still Rs 200 per sq.ft. The latest revision in 2024 also maintains the guideline value at Rs 200 per sq.ft, indicating no change from the previous year. The register has no figures for the revisions in 2002, 2003, 2007, and 2012.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%. The change from 2017 to 2023 was also a 49% increase, while there was no increase from 2023 to 2024.

Guideline values in Cheyyur - A

In the village of Cheyyur - A, there are 64 streets under the Cheyyur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 500 per sq.ft. The median value for these streets is Rs 101 per sq.ft, positioning Niyayavelaikadai Street above this median.

• Nemali Adidravidar Street: Rs 100 per sq.ft (2024)
• Palaiyar Madam Mandaba Street: Rs 350 per sq.ft (2024)
• Palaiyarmadam Road: Rs 350 per sq.ft (2024)
• Palaiyur Madam C.R.Kalathumedu Street: Rs 350 per sq.ft (2024)
• Palaiyur Madam Cross Street: Rs 350 per sq.ft (2024)
• Palayar Perumal Kovil Street: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Niyayavelaikadai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. Please note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Niyayavelaikadai Street?

The Sub Registrar Office that covers Niyayavelaikadai Street is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Cheyyur - A

The guideline value plays a crucial role in the registration process of property transactions in Cheyyur - A. It is used to calculate the stamp duty and registration fees that buyers must pay when acquiring property in the area.

When a property is sold, the guideline value helps determine the official value of the property for registration purposes. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value for Niyayavelaikadai Street?

The current guideline value for Niyayavelaikadai Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in both the 2023 and 2024 revisions, representing a 49% increase overall from 2017 to 2024.

What is the land classification for Niyayavelaikadai Street?

Niyayavelaikadai Street is classified as Residential Class II Type - I under the land classification system.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000.

Which office handles property registrations for Niyayavelaikadai Street?

The Cheyyur Sub Registrar Office handles property registrations for Niyayavelaikadai Street, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone.