Guideline Value for Nadu Street

Nadu Street guideline value

The current guideline value of Nadu Street in Acharapakkam village is Rs 350 per sq.ft, effective from 1 July 2024. This street falls under the Acchirapakkam SRO and is classified as Residential Class I Type - I.

How the guideline value of Nadu Street has changed

Over the years, the guideline value of Nadu Street has seen several revisions. The 2007 revision set the value at Rs 200 per sq.ft, which increased to Rs 250 per sq.ft in 2012. However, this was followed by a decrease to Rs 167 per sq.ft in the 2017 revision. The value then remained stable at Rs 350 per sq.ft for both the 2023 and 2024 revisions, showing no change from 2023 to 2024. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, there was a significant increase of 110%, while the value decreased by 33% from 2012 to 2017. The overall change from 2007 to 2024 reflects a 75% increase, highlighting the fluctuations in the guideline value over the years.

Guideline values in Acharapakkam

Acharapakkam village has 61 streets under the Acchirapakkam SRO with a 2024 guideline value ranging from Rs 250 to Rs 600 per sq.ft. The median value is Rs 400 per sq.ft, placing Nadu Street's 2024 figure below this median.

• National Highway Ward 7: Rs 400 per sq.ft (2024)
• National Highway Ward 9: Rs 400 per sq.ft (2024)
• Nehru Nagar: Rs 400 per sq.ft (2024)
• M.K. Nagar: Rs 400 per sq.ft (2024)
• M G R Nagar Ward 8: Rs 350 per sq.ft (2024)
• North Colony: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Nadu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value would be Rs 3,50,000. The stamp duty at 7% would amount to Rs 24,500, and the registration fee at 2% would be Rs 7,000, bringing the total fees to Rs 31,500. Note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Nadu Street?

The Sub Registrar Office that covers Nadu Street is the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is an important factor when buying or selling property in Acharapakkam. It serves as a benchmark for determining the minimum value of a property, ensuring that transactions are conducted fairly and transparently.

When registering a 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 sale price, which can affect the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Nadu Street?

The current guideline value of Nadu Street is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revisions in 2023 and 2024 maintaining a value of Rs 350 per sq.ft. The value was Rs 167 per sq.ft in 2017, reflecting a significant increase over the years.

What is the median guideline value in Acharapakkam?

The median guideline value in Acharapakkam is Rs 400 per sq.ft, with Nadu Street's current value being below this median.

What is the stamp duty rate for properties in Nadu Street?

The stamp duty rate for properties in Nadu Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Acchirapakkam Sub Registrar Office located?

The Acchirapakkam Sub Registrar Office is located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone.