Guideline Value for Nadu Street

Nadu Street guideline value

The current guideline value of Nadu Street in Ulunthai village is Rs 150 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 undergone several revisions over the years. The earliest recorded figure is from 2012, where the guideline value was Rs 150 per sq.ft. In 2017, this value was reduced to Rs 100 per sq.ft, marking a decrease of 33%. However, the value increased by 50% to Rs 150 per sq.ft in 2023, and it remained unchanged in the 2024 revision.

There are no recorded figures for Nadu Street in the revisions from 2002, 2003, and 2007. The overall change from 2012 to 2024 shows no net change, as the value remains at Rs 150 per sq.ft.

Guideline values in Ulunthai

In Ulunthai village, there are 27 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 426 per sq.ft. The median value is Rs 150 per sq.ft, placing Nadu Street at this median level.

• Muthiriyar Street: Rs 150 per sq.ft (2024)
• Mettu Street: Rs 150 per sq.ft (2024)
• Palla Street: Rs 150 per sq.ft (2024)
• Pallikuda Street: Rs 150 per sq.ft (2024)
• Mandhaiveli Street: Rs 150 per sq.ft (2024)
• Main Road: Rs 150 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 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more specific calculations.

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, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during property registration in Ulunthai. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to refer to the current guideline value to ensure compliance with local regulations. This value is updated periodically, reflecting changes in the real estate landscape.

Frequently asked questions

What is the current guideline value of Nadu Street?

The current guideline value of Nadu Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen a decrease from Rs 150 per sq.ft in 2012 to Rs 100 per sq.ft in 2017, followed by an increase back to Rs 150 per sq.ft in 2023, with no change in 2024.

What are the other streets in Ulunthai with the same guideline value?

Other streets in Ulunthai with a guideline value of Rs 150 per sq.ft include Muthiriyar Street, Mettu Street, Palla Street, Pallikuda Street, Mandhaiveli Street, and Main Road.

Where can I calculate stamp duty and registration fees?

You can calculate stamp duty and registration fees using our stamp duty and registration fee calculator.

Which office should I visit for property registration in Nadu Street?

You should visit the Sunguvarchattram Sub Registrar Office for property registration related to Nadu Street.