Guideline Value for Nagarathinam street

Nagarathinam street guideline value

The current guideline value of Nagarathinam street in Pulikoradu village is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class II Type - II.

How the guideline value of Nagarathinam street has changed

The guideline value for Nagarathinam street has undergone several revisions over the years. In 2007, the guideline value was Rs 300 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012. However, it saw a decrease to Rs 670 per sq.ft in 2017. The value then rose to Rs 1,000 per sq.ft in 2023, and the most recent revision in 2024 set it at Rs 1,100 per sq.ft. The register has no figures for the years 2002 and 2003.

From 2007 to 2012, the value increased by 233%, followed by a decrease of 33% from 2012 to 2017. The value then saw a 49% increase from 2017 to 2023, and a further increase of 10% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 267%.

Guideline values in Pulikoradu

In Pulikoradu village, there are 62 streets under the Tambaram Joint 1 SRO that carry 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 of Nagarathinam street is above this median.

• Nadu Theru: Rs 1,650 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 Nagarathinam street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. 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 Nagarathinam street?

The Sub Registrar Office that covers Nagarathinam street 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 information.

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

The guideline value is essential for the registration of properties in Pulikoradu, as it determines the amount of stamp duty and registration fees payable. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements during property transactions.

When a property is sold, the guideline value serves as a benchmark for calculating the stamp duty, which is charged at a percentage of either the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and fairly in the official registers.

Frequently asked questions

What is the current guideline value of Nagarathinam street?

The current guideline value of Nagarathinam street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 267% over the years.

What is the land classification of Nagarathinam street?

Nagarathinam street is classified as Residential Class II Type - II under the Tambaram Joint 1 SRO.

What are the stamp duty and registration fees for properties in Nagarathinam street?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000, and the registration fee would be Rs 22,000, totaling Rs 99,000.

Where is the Sub Registrar Office for Nagarathinam street located?

The Tambaram Joint 1 Sub Registrar Office is located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.