Guideline Value for Nadaipathai Street Gangai Amman Koil Street

Nadaipathai Street Gangai Amman Koil Street guideline value

The current guideline value of Nadaipathai Street Gangai Amman Koil Street is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Venkatapuram village, under the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of Nadaipathai Street Gangai Amman Koil Street has changed

The guideline value for Nadaipathai Street Gangai Amman Koil Street has undergone several revisions over the years. The earliest recorded figure is from the 2012 revision, which was Rs 1,100 per sq.ft. This was followed by a decrease to Rs 737 per sq.ft in the 2017 revision. The 2023 revision saw an increase to Rs 1,100 per sq.ft, and the most recent 2024 revision set the guideline value at Rs 1,200 per sq.ft, marking a 9% increase from the previous year.

Between the 2012 and 2017 revisions, there was a significant decrease of 33%. However, from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 9%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Venkatapuram

In Venkatapuram, there are 68 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 1,200 per sq.ft. The median value for these streets is Rs 1,200 per sq.ft, which is equal to the current guideline value of Nadaipathai Street Gangai Amman Koil Street.

• Nadaipathai Street East: Rs 1,200 per sq.ft (2024)
• Nadaipathai Street Main Road: Rs 1,200 per sq.ft (2024)
• Nadaipathai Street: Rs 1,200 per sq.ft (2024)
• Nadaipathi Cross Street: Rs 1,200 per sq.ft (2024)
• Muthuallamman Koil 2nd Street: Rs 1,200 per sq.ft (2024)
• Muthuallamman Koil 2nd Cross Street: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Nadaipathai Street Gangai Amman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, leading to a total of Rs 1,08,000. It is important to note that the 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 Nadaipathai Street Gangai Amman Koil Street?

The Nadaipathai Street Gangai Amman Koil Street falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Venkatapuram. 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 buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which can significantly affect the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Nadaipathai Street Gangai Amman Koil Street?

The current guideline value of Nadaipathai Street Gangai Amman Koil Street is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2012 to Rs 737 per sq.ft in 2017, then back to Rs 1,100 per sq.ft in 2023, and finally to Rs 1,200 per sq.ft in 2024.

What is the land classification for this street?

Nadaipathai Street Gangai Amman Koil Street is classified as Residential Special Type - I.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 84,000.