Guideline Value for Nadu Street

Nadu Street guideline value

The current guideline value of Nadu Street in Karasangal village, under the Acchirapakkam SRO, is Rs 103 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Nadu Street has changed

The guideline value for Nadu Street has seen significant changes over the years. In the 2017 revision, the value was set at Rs 27 per sq.ft. This figure increased dramatically to Rs 100 per sq.ft in the 2023 revision, marking a 270% increase. The most recent revision in 2024 has further raised the guideline value to Rs 103 per sq.ft, a 3% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Nadu Street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 281%.

Guideline values in Karasangal

In Karasangal, there are 16 streets under the Acchirapakkam SRO that carry a 2024 guideline value, ranging from Rs 103 to Rs 115 per sq.ft. The median value for these streets is Rs 103 per sq.ft, which is the same as the guideline value for Nadu Street.

• Nadu Attrankarai Street: Rs 103 per sq.ft (2024)
• Mela theru: Rs 103 per sq.ft (2024)
• Pallikuda Street: Rs 103 per sq.ft (2024)
• Little India: Rs 115 per sq.ft (2024)
• Perumal Koil Street: Rs 103 per sq.ft (2024)
• Kudiyana Street: Rs 103 per sq.ft (2024)

Stamp duty and registration fee for property in Nadu Street

For a 1,000 sq.ft plot at the current rate of Rs 103 per sq.ft, the guideline value would be Rs 1,03,000. The stamp duty at 7% would amount to Rs 7,210, and the registration fee at 2% would be Rs 2,060, totaling Rs 9,270. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nadu Street?

Nadu Street falls under the jurisdiction of the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Karasangal, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value serves as a reference point for calculating stamp duty and registration fees.

During the registration process, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. 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 Nadu Street?

The current guideline value of Nadu Street is Rs 103 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 27 per sq.ft in 2017 to Rs 103 per sq.ft in 2024, marking an overall increase of 281% over this period.

What are the other streets in Karasangal with similar guideline values?

Other streets in Karasangal also have guideline values ranging from Rs 103 to Rs 115 per sq.ft, with Nadu Street's value aligning with the median of Rs 103 per sq.ft.

How is stamp duty calculated for properties in Nadu Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 7,210 based on the current guideline value.

Where can I find the Acchirapakkam Sub Registrar Office?

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