Guideline Value for Nadu Street

Nadu Street guideline value

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

How the guideline value of Nadu Street has changed

The guideline value for Nadu Street has seen several revisions over the years. The earliest revision available is from 2012, where the value was set at Rs 100 per sq.ft. This was followed by a decrease to Rs 67 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 100 per sq.ft, marking a 49% rise. The most recent revision in 2024 has set the guideline value at Rs 110 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for Nadu Street in the revisions from 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has seen a 10% increase, indicating some stability in the pricing over the years.

Guideline values in Kannanthangal

In Kannanthangal village, there are 22 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 900 per sq.ft. The median value among these streets is Rs 110 per sq.ft, which is equal to the guideline value of Nadu Street.

• M.G.R.Street: Rs 110 per sq.ft (2024)
• Oththavadai Street: Rs 110 per sq.ft (2024)
• Pallikuda Street: Rs 110 per sq.ft (2024)
• Mahidhara Supreme Elegant: Rs 900 per sq.ft (2024)
• Kulakkarai Street: Rs 100 per sq.ft (2024)
• Kambar Street: Rs 110 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 amounts to Rs 1,10,000. The stamp duty at 7% would be Rs 7,700, and the registration fee at 2% would be Rs 2,200, bringing the total fees together to Rs 9,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

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 Kannanthangal

The guideline value is a crucial factor in the registration process when buying or selling property in Kannanthangal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction adheres to the regulations set by the authorities.

When a property is sold, the guideline value helps in establishing a fair price for the transaction, thereby protecting the interests of both the buyer and the seller. It is essential for all parties involved to be aware of the current guideline value to ensure compliance with local regulations.

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 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then increased to Rs 100 per sq.ft in 2023, and finally to Rs 110 per sq.ft in 2024.

What is the land classification of Nadu Street?

Nadu Street is classified under Residential Class II Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for property in 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.

Where is the Sub Registrar Office for Nadu Street located?

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