Guideline Value for Nadaipathi Cross Street

Nadaipathi Cross Street guideline value

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

How the guideline value of Nadaipathi Cross Street has changed

The guideline value for Nadaipathi Cross Street has undergone several revisions over the years. The figures began at Rs 1,100 per sq.ft in 2012, then decreased to Rs 737 per sq.ft in 2017. Following that, the value increased significantly to Rs 1,100 per sq.ft in 2023, and finally rose to Rs 1,200 per sq.ft in the 2024 revision. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it saw a substantial increase of 49%. The change from 2023 to 2024 reflects a 9% increase, resulting in an overall increase of 9% from 2012 to 2024.

Guideline values in Venkatapuram

In Venkatapuram, a total of 68 streets are listed under the Kunrathur SRO, with the 2024 guideline values ranging from Rs 1,100 to Rs 1,200 per sq.ft. The median guideline value for these streets is Rs 1,200 per sq.ft, which aligns with the 2024 figure for Nadaipathi Cross Street.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, making the total charges Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Nadaipathi Cross Street?

The Nadaipathi Cross Street is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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

The guideline value plays a crucial role during the property registration process in Venkatapuram. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When a property transaction occurs, the guideline value is referenced to calculate the necessary fees. Buyers should be aware that the duty is assessed on the guideline value or the sale price, whichever is higher, ensuring that the correct amount is paid during registration.

Frequently asked questions

What is the current guideline value of Nadaipathi Cross Street?

The current guideline value of Nadaipathi Cross 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 seen several revisions: Rs 1,100 per sq.ft in 2012, Rs 737 per sq.ft in 2017, Rs 1,100 per sq.ft in 2023, and Rs 1,200 per sq.ft in 2024. Notably, there are no figures available for the years 2002, 2003, and 2007.

What is the land classification for Nadaipathi Cross Street?

Nadaipathi Cross Street is classified as Residential Special Type - I, which indicates its suitability for residential development within the area.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 12,00,000, the total fees would amount to Rs 1,08,000.

Which office handles registrations for Nadaipathi Cross Street?

The Kunrathur Sub Registrar Office is responsible for registrations in Nadaipathi Cross Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.