Guideline Value for Nadu Street

Nadu Street guideline value

The current guideline value of Nadu Street in Kunnam village is Rs 181 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram SRO and is classified as Residential Class II Type - I.

How the guideline value of Nadu Street has changed

The guideline value for Nadu Street has seen various changes over the years. In the 2012 revision, the value was Rs 200 per sq.ft, which then decreased to Rs 134 per sq.ft in 2017, marking a decline of 33%. From 2017 to 2023, the value increased by 35%, bringing it back to Rs 181 per sq.ft, a figure that remained unchanged in the 2024 revision.

It is important to note that there are no recorded figures for Nadu Street in the revisions of 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has decreased by 10%.

Guideline values in Kunnam

In Kunnam, there are 18 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 181 to Rs 660 per sq.ft. The median value for these streets is Rs 200 per sq.ft, indicating that Nadu Street's 2024 figure is below this median.

• New Colony: Rs 181 per sq.ft (2024)
• Mettu Street: Rs 181 per sq.ft (2024)
• Manikandan Nagar: Rs 181 per sq.ft (2024)
• Perumal Kovil Street: Rs 181 per sq.ft (2024)
• Lakshmi nagar Extension: Rs 200 per sq.ft (2024)
• Lakshmi 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 rate of Rs 181 per sq.ft, the guideline value amounts to Rs 1,81,000. The stamp duty at 7% would be Rs 12,670, and the registration fee at 2% would be Rs 3,620, bringing the total to Rs 16,290. It is important to note that 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 Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, 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 Kunnam

The guideline value serves as a benchmark for property transactions in Kunnam. When buying or selling property, this value is used to calculate the stamp duty and registration fees, ensuring that the government receives its due revenue from property transactions.

It is essential for buyers and sellers to be aware of the guideline value to avoid any discrepancies during the registration process. Understanding this value helps in making informed decisions regarding property transactions.

Frequently asked questions

What is the current guideline value of Nadu Street?

The current guideline value of Nadu Street is Rs 181 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then increased to Rs 181 per sq.ft in 2023 and remained the same in 2024.

What is the land classification for Nadu Street?

Nadu Street is classified as Residential Class II Type - I, which indicates 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 Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, 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 a property valued at Rs 1,81,000, the stamp duty would be Rs 12,670 at a rate of 7%.