Guideline Value for Nadu Street

Nadu Street guideline value

The current guideline value of Nadu Street in Vallam_B village, under the Sriperumpudur SRO, is Rs 200 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this street is 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 earliest recorded revision was in 2017, when the guideline 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 in 2024 maintained the guideline value at Rs 200 per sq.ft, indicating no change from the previous year. The register has no figure for Nadu Street for the years 2002, 2003, 2007, and 2012.

From 2017 to 2023, there was a significant increase of 49% in the guideline value. Overall, from 2017 to 2024, the guideline value has also increased by 49%. The current rate of Rs 200 per sq.ft reflects this consistent valuation since 2023.

Guideline values in Vallam_B

In Vallam_B, there are a total of 73 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,950 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, positioning Nadu Street's 2024 figure below this median.

• Muthamil Nagar: Rs 200 per sq.ft (2024)
• Murugan Nagar: Rs 400 per sq.ft (2024)
• National Highway Road: Rs 600 per sq.ft (2024)
• Molakkalamman Koil Street: Rs 400 per sq.ft (2024)
• Mettu Street: Rs 400 per sq.ft (2024)
• Mariyamman Koil 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, totaling Rs 18,000. It is important to note that stamp 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 information.

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 SRO, you can visit find your SRO.

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

The guideline value is a critical factor during the registration process of property transactions in Vallam_B. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When engaging in a property transaction, buyers and sellers must be aware that the guideline value will influence the overall costs associated with registration. It is essential to consult the guideline value register to understand the financial implications of a property purchase.

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 as per the 2024 revision 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 49% increase from Rs 134 per sq.ft in 2017 to 2023. There are no figures available for the years 2002, 2003, 2007, and 2012.

What is the median guideline value in Vallam_B?

The median guideline value for streets in Vallam_B is Rs 400 per sq.ft. Nadu Street's guideline value of Rs 200 per sq.ft is below this median.

What are the stamp duty and registration fees for properties on Nadu Street?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000.

Where is the Sub Registrar Office for Nadu Street located?

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