Guideline Value for Nadu Street

Nadu Street guideline value

The current guideline value of Nadu Street in Vallam village is Rs 200 per sq.ft, effective from 1 July 2024. This street falls under the jurisdiction of 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 seen several revisions over the years. In the 2012 revision, the value was Rs 200 per sq.ft. This remained unchanged in the 2017 revision, where it was Rs 134 per sq.ft, reflecting a decrease of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 200 per sq.ft. The 2024 revision maintains this value at Rs 200 per sq.ft, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for Nadu Street. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 200 per sq.ft.

Guideline values in Vallam

In Vallam, there are 51 streets under the Sriperumpudur SRO, with guideline values ranging from Rs 150 to Rs 1,950 per sq.ft. The median guideline value is Rs 200 per sq.ft, which is equal to the current value of Nadu Street.

• Muthamil Nagar: Rs 200 per sq.ft (2024)
• Mettu Street: Rs 200 per sq.ft (2024)
• Mariyamman Koil Street: Rs 200 per sq.ft (2024)
• Madha Koil Street: Rs 200 per sq.ft (2024)
• Little Farms: Rs 200 per sq.ft (2024)
• Kumaran Nagar: 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, making the total fees Rs 18,000. 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 Vallam

The guideline value is a crucial factor in the property registration process in Vallam. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable during the transaction.

When buying or selling property, the guideline value ensures that both parties are aware of the official valuation of the property. This helps in maintaining transparency and fairness 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 has remained at Rs 200 per sq.ft since 2012, with a notable increase of 49% from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023.

What is the land classification for Nadu Street?

Nadu Street is classified as Residential Class III Type - I, indicating its suitability for residential development.

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 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 property valued at Rs 2,00,000 would incur a stamp duty of Rs 14,000 at 7%.