Guideline Value for Nadukuppam

Nadukuppam guideline value

The current guideline value of Nadukuppam is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Arani village, under the Arani_Tiruvallur SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Nadukuppam has changed

The guideline value for Nadukuppam has seen several revisions over the years. The earliest recorded figure is Rs 20 per sq.ft in 2002, which increased to Rs 23 per sq.ft in 2003, marking a 15% rise. Following this, the value rose significantly to Rs 150 per sq.ft in 2007, reflecting a 552% increase. In 2012, the value was recorded at Rs 200 per sq.ft, which was a 33% decrease from the previous revision. The value remained at Rs 200 per sq.ft in 2017 and again in 2023.

With the latest revision in 2024, the guideline value remains at Rs 200 per sq.ft, indicating no change from the previous year. The overall change from 2002 to 2024 is an increase of 900% in the guideline value for this street.

Guideline values in Arani

In Arani, there are 51 streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 600 per sq.ft, with a median value of Rs 300 per sq.ft. The guideline value for Nadukuppam is below this median.

• Muligi Street: Rs 400 per sq.ft (2024)
• New Star City Annex: Rs 200 per sq.ft (2024)
• New Star City Annex-I: Rs 200 per sq.ft (2024)
• New Star City Annex-II: Rs 200 per sq.ft (2024)
• New Star City Annex-III: Rs 200 per sq.ft (2024)
• Macha Veedi: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Nadukuppam

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value is Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total Rs 18,000. 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 further calculations.

Which Sub Registrar Office covers Nadukuppam?

The Sub Registrar Office that covers Nadukuppam is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Arani. It serves as a benchmark for determining the stamp duty and registration fees applicable during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to calculate the applicable fees, which means it can significantly affect the overall cost of the transaction. Understanding the guideline value helps parties involved in the transaction to make informed decisions.

Frequently asked questions

What is the current guideline value of Nadukuppam?

The current guideline value of Nadukuppam is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 20 per sq.ft in 2002 to Rs 200 per sq.ft in 2024, showing an overall increase of 900% over this period.

What is the stamp duty rate for properties in Nadukuppam?

The stamp duty rate for properties in Nadukuppam is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Nadukuppam located?

The Sub Registrar Office for Nadukuppam is located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101.

What is the median guideline value for streets in Arani?

The median guideline value for streets in Arani is Rs 300 per sq.ft, while the guideline value for Nadukuppam is below this median.