Guideline Value for Nadu Street

Nadu Street guideline value

The current guideline value of Nadu Street is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Mevaloorkuppam B village under the Sriperumpudur SRO, classified as Residential Class IV Type - I.

How the guideline value of Nadu Street has changed

In the 2017 revision, the guideline value was Rs 134 per sq.ft. This figure remained unchanged in the 2023 revision, where it was still Rs 100 per sq.ft. The 2024 revision also holds the guideline value at Rs 100 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012.

Overall, from the 2017 revision to the 2024 revision, there has been a decrease of 25%. The changes from 2023 to 2024 show no percentage increase or decrease, as the value remains the same.

Guideline values in Mevaloorkuppam B

In Mevaloorkuppam B, there are 84 streets under the Sriperumpudur SRO with guideline values ranging from Rs 100 to Rs 6,200 per sq.ft. The median guideline value in this area is Rs 400 per sq.ft, placing Nadu Street's 2024 figure below that median.

• Muthu Mariamman Koil Street: Rs 500 per sq.ft (2024)
• Nayappakkam Salai: Rs 500 per sq.ft (2024)
• Nehru Cross Street: Rs 100 per sq.ft (2024)
• Nehru Street: Rs 300 per sq.ft (2024)
• Moorthiyar Nagar: Rs 100 per sq.ft (2024)
• Mevaloorkuppam Road(Nayapakkam Road): Rs 600 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 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. Duty is charged on the guideline value or the sale price, whichever is higher. 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 Mevaloorkuppam B

The guideline value is a crucial factor during the registration of property transactions in Mevaloorkuppam B. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value serves as a reference point for both parties. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Nadu Street?

The current guideline value of Nadu Street is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 100 per sq.ft from 2023 to 2024. However, it has decreased by 25% from Rs 134 per sq.ft in 2017 to Rs 100 per sq.ft in 2024.

What is the median guideline value in Mevaloorkuppam B?

The median guideline value in Mevaloorkuppam B is Rs 400 per sq.ft, which means that Nadu Street's current value is below this median.

How is 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, on a property with a guideline value of Rs 1,00,000, the stamp duty would be Rs 7,000 at 7%.

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

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