Guideline Value for Naddu street

Naddu street guideline value

The current guideline value of Naddu street, located in Thirupanthiyoor village, is Rs 400 per sq.ft. This value is effective from the 2024 revision and falls under the Sunguvarchattram SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Naddu street has changed

Looking at the revisions, the guideline value for Naddu street was Rs 400 per sq.ft in both the 2023 and 2024 revisions. This indicates no change between these two years. The previous revision in 2017 recorded a guideline value of Rs 268 per sq.ft, reflecting a significant increase of 49% from 2017 to 2023.

In the 2012 revision, the guideline value was Rs 400 per sq.ft, which means there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value remains unchanged at Rs 400 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirupanthiyoor

In Thirupanthiyoor village, there are 53 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 900 per sq.ft, with a median value of Rs 350 per sq.ft. Naddu street's 2024 figure of Rs 400 per sq.ft is above this median.

• Narayana Nagar Phase-II: Rs 350 per sq.ft (2024)
• Mettu Street: Rs 250 per sq.ft (2024)
• Melandai Street: Rs 250 per sq.ft (2024)
• MathaKovil Street: Rs 400 per sq.ft (2024)
• Ozone City: Rs 350 per sq.ft (2024)
• Pazhaiyapannur Road: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Naddu street

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total to Rs 36,000. 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 information.

Which Sub Registrar Office covers Naddu street?

The Sub Registrar Office that covers Naddu street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Thirupanthiyoor. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Naddu street?

The current guideline value of Naddu street is Rs 400 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has seen various changes, with a significant increase of 49% from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023. There was no change between the 2023 and 2024 revisions.

What is the land classification for Naddu street?

Naddu street is classified as Residential Special Type - II. This classification is important for understanding the zoning regulations and permissible uses of the land.

Where can I find the Sub Registrar Office for Naddu street?

The Sub Registrar Office for Naddu street is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. This office handles all property registrations in the area.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 36,000.