Guideline Value for Nadu Street

Nadu Street guideline value

The current guideline value of Nadu Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Mevaloorkuppam village, under the Sriperumpudur SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Nadu Street has changed

The guideline value for Nadu Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 200 per sq.ft. This was followed by a decrease in the 2017 revision to Rs 134 per sq.ft, marking a 33% reduction. The value then dropped further to Rs 100 per sq.ft in the 2023 revision, which represented a 25% decrease from the previous figure. The register has no figures for the years 2002, 2003, and 2007.

As of the 2024 revision, the guideline value has increased to Rs 200 per sq.ft, reflecting a 100% rise from the 2023 figure. Overall, from the 2012 revision to the current 2024 revision, the guideline value remains unchanged at Rs 200 per sq.ft.

Guideline values in Mevaloorkuppam

In Mevaloorkuppam, there are 69 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,400 per sq.ft, with a median value of Rs 400 per sq.ft. Nadu Street's 2024 figure is below this median.

• Nehru Cross Street: Rs 200 per sq.ft (2024)
• Nehru Street: Rs 300 per sq.ft (2024)
• Moorthiyar Nagar: Rs 200 per sq.ft (2024)
• Mevaloorkuppam Road(Nayapakkam Road): Rs 600 per sq.ft (2024)
• Mevaloorkuppam Nedunsalai: Rs 400 per sq.ft (2024)
• Mettu Street: Rs 200 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 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total charges to Rs 18,000. It's 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 detailed calculations.

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.

To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Mevaloorkuppam. When a buyer or seller registers a property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these charges are based on a standardized valuation.

It is essential for both parties to be aware of the current guideline value, as it can affect the overall cost of the transaction. Buyers should ensure they are informed about the guideline value to avoid any unexpected charges during registration.

Frequently asked questions

What is the current guideline value of Nadu Street?

The current guideline value of Nadu Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent being an increase from Rs 100 per sq.ft in 2023 to Rs 200 per sq.ft in 2024. The value was Rs 134 per sq.ft in 2017 and Rs 200 per sq.ft in 2012.

What is the land classification for Nadu Street?

Nadu Street is classified as Residential Class IV Type - I, which indicates its suitability for residential purposes.

Where can I find the Sub Registrar Office for Nadu Street?

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

How is the stamp duty calculated for properties in Nadu Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 200 per sq.ft would incur a total guideline value of Rs 2,00,000, leading to a stamp duty of Rs 14,000.