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 B village under the Sriperumpudur SRO and is classified as Residential Class IV Type - I.

How the guideline value of Naari Kazhani Street has changed

The guideline value for Naari Kazhani Street has undergone several revisions over the years. The most recent revision in 2024 maintains the value at Rs 150 per sq.ft, which is the same as the 2023 revision. The previous revision in 2017 recorded a guideline value of Rs 100 per sq.ft, marking a 50% increase to the current value.

There are no recorded figures for Naari Kazhani Street in the revisions from 2002, 2003, 2007, and 2012. The overall change from the 2017 revision to the 2024 revision is also a 50% increase.

Guideline values in Katrampakkam B

In Katrampakkam B, there are 44 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 150 to Rs 800 per sq.ft, with a median value of Rs 275 per sq.ft. Naari Kazhani Street's 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 would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total fees to Rs 13,500. 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 Naari Kazhani Street?

Naari Kazhani Street falls under the jurisdiction of 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 B

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration office will charge fees based on the guideline value or the sale price, whichever is higher.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

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 has remained at Rs 150 per sq.ft from the 2023 revision to the 2024 revision. It increased from Rs 100 per sq.ft in 2017, marking a 50% increase overall from 2017 to 2024.

What are the guideline values of other streets in Katrampakkam B?

Other streets in Katrampakkam B have varying guideline values, with rates ranging from Rs 150 to Rs 800 per sq.ft. The median value for these streets is Rs 275 per sq.ft.

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

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500.

Where is the Sub Registrar Office for Naari Kazhani Street located?

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