Guideline Value for Nakeeran Street

Nakeeran Street guideline value

The current guideline value of Nakeeran Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Thiruvallur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Nakeeran Street has changed

The guideline value for Nakeeran Street has undergone several revisions since 2007. In 2007, the guideline value was Rs 200 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in 2012, marking a 400% rise. However, from 2012 to 2017, the value decreased to Rs 670 per sq.ft, a drop of 33%. The value then rose to Rs 1,000 per sq.ft in 2023, reflecting a 49% increase from the previous revision. The most recent revision in 2024 set the guideline value at Rs 1,100 per sq.ft, an increase of 10% from 2023.

The register has no figures for Nakeeran Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Thiruvallur

In Thiruvallur village, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 3,850 per sq.ft. The median value is Rs 1,100 per sq.ft, which is equal to the guideline value of Nakeeran Street.

• Namakkal ramalingam Street: Rs 1,100 per sq.ft (2024)
• Nethaji Salai: Rs 2,750 per sq.ft (2024)
• Mothilal Street: Rs 2,750 per sq.ft (2024)
• Mosque Street: Rs 2,750 per sq.ft (2024)
• Mohamed ali street: Rs 1,430 per sq.ft (2024)
• Mohamed ali St lane-3: Rs 1,430 per sq.ft (2024)

Stamp duty and registration fee for property in Nakeeran Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 11,00,000. The stamp duty at 7% amounts to Rs 77,000, and the registration fee at 2% is Rs 22,000, totaling Rs 99,000. Duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nakeeran Street?

The Sub Registrar Office that covers Nakeeran Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Thiruvallur, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure that the property is registered at an appropriate price, which affects the stamp duty and registration fees payable.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the correct revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Nakeeran Street?

The current guideline value of Nakeeran 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 increased from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 450%.

What are the other streets with similar guideline values in Thiruvallur?

Other streets in Thiruvallur include Namakkal ramalingam Street at Rs 1,100 per sq.ft and Mohamed ali street at Rs 1,430 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Nakeeran Street?

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

Where can I find the Sub Registrar Office for Nakeeran Street?

The Sub Registrar Office for Nakeeran Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.