Guideline Value for Nadu Street

Nadu Street guideline value

The current guideline value of Nadu Street is Rs 200 per sq.ft. This street is located in Nemili_B village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Nadu Street has changed

The guideline value for Nadu Street has undergone several revisions over the years. The oldest recorded revision is from 2017, where the value was Rs 134 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 200 per sq.ft. The most recent revision, effective from 1 July 2024, also maintains the value at Rs 200 per sq.ft. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Between the revisions, the guideline value saw a significant increase of 49% from 2017 to 2023, and it has remained stable at Rs 200 per sq.ft from 2023 to 2024, reflecting a 0% change during that period. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Nemili_B

In Nemili_B, there are 97 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft, with the median being Rs 250 per sq.ft. Nadu Street's 2024 figure is below this median.

• Murugan Koil Street: Rs 200 per sq.ft (2024)
• Nehru Nagar: Rs 250 per sq.ft (2024)
• Nehru Street: Rs 250 per sq.ft (2024)
• Mookambigai Nagar: Rs 250 per sq.ft (2024)
• Nemili Park: Rs 250 per sq.ft (2024)
• Nemili Sri Lakshmi Town: Rs 250 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 amounts to Rs 2,00,000. The stamp duty, charged at 7%, would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total cost to Rs 18,000. 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 further 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. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration of property transactions in Nemili_B. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded at a value that reflects the official rates set by the government. This helps in maintaining transparency and consistency in property transactions.

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 for Nadu Street has remained at Rs 200 per sq.ft from 2023 to 2024, with a significant increase of 49% from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023.

What is the land classification of Nadu Street?

Nadu Street is classified as Residential Class III Type - I, indicating its designation for residential purposes within the area.

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

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

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, a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft would incur a total stamp duty of Rs 14,000.