Guideline Value for Naari Kazhani Street

Naari Kazhani Street guideline value

The current guideline value of Naari Kazhani Street is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Katrampakkam village under the Sriperumpudur SRO, and it falls under the Residential Class IV Type - I land classification.

How the guideline value of Naari Kazhani Street has changed

Looking at the historical revisions, the guideline value for Naari Kazhani Street was Rs 150 per sq.ft in 2023, which remained unchanged in the 2024 revision. Prior to that, in 2017, the value was Rs 100 per sq.ft, marking a 50% increase from 2017 to 2023. The 2012 revision also recorded Rs 150 per sq.ft, indicating a 33% decrease from the 2012 figure to the 2017 figure. Overall, from 2012 to 2024, the guideline value has remained the same.

The register has no figures for the years 2002, 2003, and 2007 for Naari Kazhani Street. The 2012 revision was Rs 150 per sq.ft, and the 2017 revision saw a change to Rs 100 per sq.ft, followed by a return to Rs 150 per sq.ft in the 2023 revision.

Guideline values in Katrampakkam

In Katrampakkam, there are 41 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 800 per sq.ft, with a median value of Rs 250 per sq.ft. Naari Kazhani Street's 2024 guideline value is below this median.

• New Bank of India Colony: Rs 300 per sq.ft (2024)
• M.G.R Street: Rs 150 per sq.ft (2024)
• Mettu Street: Rs 300 per sq.ft (2024)
• Mariyamman Koil Street: Rs 300 per sq.ft (2024)
• Pakiya Nagar: Rs 300 per sq.ft (2024)
• Pallavan Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Naari Kazhani Street

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, making the total fees Rs 13,500. It is important to note that the 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 Naari Kazhani Street?

The Sub Registrar Office that covers Naari Kazhani Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration process when buying or selling property in Katrampakkam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on an official valuation rather than the sale price alone.

When a property is registered, the guideline value helps in determining the legal value of the transaction. This ensures transparency and compliance with government regulations, making it essential for both buyers and sellers to be aware of the current guideline value for their respective properties.

Frequently asked questions

What is the current guideline value of Naari Kazhani Street?

The current guideline value of Naari Kazhani Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Naari Kazhani Street has remained at Rs 150 per sq.ft from 2023 to 2024. It increased from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in 2023, but decreased from Rs 150 per sq.ft in 2012 to Rs 100 per sq.ft in 2017.

What are the other streets in Katrampakkam with their guideline values?

Other streets in Katrampakkam include New Bank of India Colony at Rs 300 per sq.ft, M.G.R Street at Rs 150 per sq.ft, and several others ranging from Rs 300 to Rs 500 per sq.ft in 2024.

How is the stamp duty calculated for properties in Naari Kazhani Street?

Stamp duty is calculated at 7% of the guideline value, while the registration fee is charged at 2%. For example, a 1,000 sq.ft plot at Rs 150 per sq.ft incurs a total fee of Rs 13,500.

Which office handles property registrations for Naari Kazhani Street?

The Sriperumpudur Sub Registrar Office handles property registrations for Naari Kazhani Street, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.