Guideline Value for Nadu Stretet

Nadu Stretet guideline value

The current guideline value of Nadu Stretet in Venkadu village, under the Sriperumpudur SRO, is Rs 300 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class II Type - I.

How the guideline value of Nadu Stretet has changed

The guideline value of Nadu Stretet has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 201 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 300 per sq.ft again. The 2024 revision maintains this value, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, the guideline value has remained constant from 2012 to 2024, with the current rate aligning with the 2024 median for Venkadu streets.

Guideline values in Venkadu

In Venkadu, there are 24 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 471 per sq.ft. The median value is Rs 300 per sq.ft, which is the same as the guideline value for Nadu Stretet. Below are the guideline values for other streets in Venkadu:

• Mettu Street: Rs 300 per sq.ft (2024)
• Om Sakthi Sri Ellaiamman Nagar: Rs 400 per sq.ft (2024)
• Othavadai Street: Rs 310 per sq.ft (2024)
• Main Road: Rs 400 per sq.ft (2024)
• Perumal Koil Street: Rs 300 per sq.ft (2024)
• Perumal Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Nadu Stretet

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. 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 more details.

Which Sub Registrar Office covers Nadu Stretet?

The Sub Registrar Office that covers Nadu Stretet 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 Venkadu

The guideline value is a critical factor in the registration process for property transactions in Venkadu. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that all property transactions are assessed fairly.

When buying or selling property, the guideline value serves as a benchmark for the transaction price. If the sale price is higher than the guideline value, the duty will be charged based on the sale price, ensuring compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Nadu Stretet?

The current guideline value of Nadu Stretet is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2012 to 2024, with a drop to Rs 201 per sq.ft in 2017 before rising again to Rs 300 per sq.ft in the 2023 revision.

What is the classification of land in Nadu Stretet?

Nadu Stretet is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

Where can I find more information about the registration fees?

You can use the stamp duty and registration fee calculator to find detailed information about registration fees based on the guideline value.

Which office handles the registration for Nadu Stretet?

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