Guideline Value for Nadu Theru

Nadu Theru guideline value

The current guideline value of Nadu Theru, located in Pulikoradu village under the Tambaram Joint 1 SRO, is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - III.

How the guideline value of Nadu Theru has changed

The guideline value of Nadu Theru has seen significant changes over the years. In 2007, the value was Rs 100 per sq.ft, which increased dramatically to Rs 1,500 per sq.ft in 2012, marking a 1400% rise. However, it then decreased to Rs 1,005 per sq.ft in 2017, representing a 33% decline. Following this, the value surged to Rs 1,500 per sq.ft in 2023, and most recently to Rs 1,650 per sq.ft in 2024, reflecting a 10% increase.

Overall, from 2007 to 2024, the guideline value has increased by 1550%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Pulikoradu

In Pulikoradu, there are 62 streets under the Tambaram Joint 1 SRO carrying a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft, with a median value of Rs 880 per sq.ft. The guideline value for Nadu Theru is above this median.

• Nagarathinam street: Rs 1,100 per sq.ft (2024)
• MGR Nagar Periyar Street: Rs 1,650 per sq.ft (2024)
• Pachchaimalai Street: Rs 1,100 per sq.ft (2024)
• Mariamman Koil Street: Rs 880 per sq.ft (2024)
• Mahalakshmi Nagar Extension: Rs 880 per sq.ft (2024)
• Periyamalai Forest Road(Rajagopal Street): Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Nadu Theru

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total fees together to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nadu Theru?

The Sub Registrar Office covering Nadu Theru is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor when buying or selling property in Pulikoradu, as it determines the official value of the property for registration purposes. This value is used to calculate the stamp duty and registration fees that must be paid during the property transaction.

When a property is registered, the guideline value serves as a benchmark to ensure that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Nadu Theru?

The current guideline value of Nadu Theru is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 100 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, marking an overall increase of 1550% over this period.

What are the other streets in Pulikoradu with guideline values?

Other streets in Pulikoradu include Nagarathinam street at Rs 1,100 per sq.ft, MGR Nagar Periyar Street at Rs 1,650 per sq.ft, and Mariamman Koil Street at Rs 880 per sq.ft, among others.

What are the stamp duty and registration fees for property in Nadu Theru?

For a property valued at Rs 16,50,000, the stamp duty is Rs 1,15,500 and the registration fee is Rs 33,000, totaling Rs 1,48,500. This is based on the current guideline value.

Where can I find the Sub Registrar Office for Nadu Theru?

The Tambaram Joint 1 Sub Registrar Office is located at No.26, Mes Road, East Tambaram, Chennai-600059. This office handles registrations for Nadu Theru.