Guideline Value for Nagathamman Koil Street

Nagathamman Koil Street guideline value

The current guideline value of Nagathamman Koil Street is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Kunduperumpedu village and falls under the Sriperumpudur SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Nagathamman Koil Street has changed

The guideline value for Nagathamman Koil Street has undergone several revisions over the years. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged in the subsequent 2017 revision, where it was also Rs 150 per sq.ft. However, the 2017 revision marked a significant increase from the 2012 figure, which was previously Rs 100 per sq.ft in 2017. The 2023 revision maintained the value at Rs 150 per sq.ft, and the 2024 revision also set it at Rs 150 per sq.ft, indicating no change from the previous year.

There are no figures available for Nagathamman Koil Street in the revisions for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has remained constant, with a notable 50% increase from 2017 to 2023.

Guideline values in Kunduperumpedu

Kunduperumpedu village has a total of 35 streets under the Sriperumpudur SRO that carry a guideline value for 2024, ranging from Rs 100 to Rs 500 per sq.ft. The median guideline value in this village is Rs 200 per sq.ft, placing Nagathamman Koil Street's 2024 figure below that median.

• Muthu Mariyamman Koil Street: Rs 150 per sq.ft (2024)
• Pallikkuda Street: Rs 150 per sq.ft (2024)
• peninsula Nagar: Rs 200 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 200 per sq.ft (2024)
• Perumal Koil Street: Rs 150 per sq.ft (2024)
• Kulakkarai Street: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Nagathamman Koil 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 is charged at 7%, which totals Rs 10,500, while the registration fee is charged at 2%, amounting to Rs 3,000. Together, the total cost for these fees comes to Rs 13,500. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Nagathamman Koil Street?

The Sub Registrar Office that covers Nagathamman Koil Street 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 Kunduperumpedu

The guideline value plays a crucial role in the registration process when buying or selling property in Kunduperumpedu. It serves as a benchmark for calculating the stamp duty and registration fees, which are mandatory during property transactions. Buyers must consider the guideline value to ensure compliance with legal requirements.

During the registration of a property, the guideline value is used to determine the applicable fees, which are charged on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Nagathamman Koil Street?

The current guideline value of Nagathamman Koil 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 remained Rs 150 per sq.ft in the revisions for 2012, 2023, and 2024. It increased from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in 2023, marking a 50% increase.

What are the other streets in Kunduperumpedu with their guideline values?

Other streets in Kunduperumpedu include Muthu Mariyamman Koil Street and Pallikkuda Street, both at Rs 150 per sq.ft, while peninsula Nagar and Mahalakshmi Nagar are at Rs 200 per sq.ft.

How is stamp duty calculated for properties in Nagathamman Koil Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500 at 7%.

Where can I find the Sub Registrar Office for Nagathamman Koil Street?

The Sub Registrar Office for Nagathamman Koil Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.