Guideline Value for Nadu Street

Nadu Street guideline value

The current guideline value of Nadu Street in Irumpedu village is Rs 110 per sq.ft, effective from 1 July 2024. This street falls under the Sriperumpudur SRO and is classified as Residential Class II Type - I.

How the guideline value of Nadu Street has changed

The guideline value for Nadu Street has seen several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 100 per sq.ft. In 2017, it decreased to Rs 67 per sq.ft, marking a decline of 33%. However, by 2023, the value rose to Rs 100 per sq.ft, and in the latest 2024 revision, it increased further to Rs 110 per sq.ft, reflecting a 10% rise from the previous year.

From 2017 to 2023, the value increased significantly by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Irumpedu

In Irumpedu, there are eight streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 471 per sq.ft, with a median value of Rs 200 per sq.ft. Nadu Street's current value is below this median.

• Perumal Koil Street: Rs 110 per sq.ft (2024)
• Rajiniganth Nagar: Rs 250 per sq.ft (2024)
• Sri Kamatchi Nagar: Rs 250 per sq.ft (2024)
• Bajanai Koil Street: Rs 150 per sq.ft (2024)
• Arun Nagar: Rs 250 per sq.ft (2024)
• Achari Street: Rs 100 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 110 per sq.ft, the total guideline value would be Rs 1,10,000. The stamp duty at 7% would amount to Rs 7,700, while the registration fee at 2% would be Rs 2,200, bringing the total fees to Rs 9,900. Please note that the stamp 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?

The Sub Registrar Office that covers Nadu Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Irumpedu, the guideline value serves as a benchmark for determining the registration fees and stamp duty. This value is crucial during the registration process, as it helps to establish the official value of the property for taxation purposes.

It is important to note that the guideline value may differ from the actual sale price of the property. In such cases, the stamp duty is charged on the higher of the two amounts, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Nadu Street?

The current guideline value of Nadu Street is Rs 110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 in 2012 to Rs 67 in 2017, then back to Rs 100 in 2023, and finally to Rs 110 in 2024. Overall, from 2012 to 2024, the increase is 10%.

What other streets have guideline values in Irumpedu?

Other streets in Irumpedu include Perumal Koil Street, Rajiniganth Nagar, Sri Kamatchi Nagar, Bajanai Koil Street, Arun Nagar, and Achari Street, with values ranging from Rs 100 to Rs 250 per sq.ft in 2024.

What are the fees for registering a property on Nadu Street?

For a property valued at Rs 1,10,000, the stamp duty would be Rs 7,700 and the registration fee would be Rs 2,200, totaling Rs 9,900. These fees are based on the guideline value.

Where is the Sub Registrar Office for Nadu Street located?

The Sub Registrar Office for Nadu Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.