Guideline Value for Nakkeeran Street Jafferkhanpettai

Nakkeeran Street Jafferkhanpettai guideline value

The current guideline value of Nakkeeran Street Jafferkhanpettai is Rs 4,100 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO, classified as Residential Class IV Type - I.

How the guideline value of Nakkeeran Street Jafferkhanpettai has changed

Over the years, the guideline value for Nakkeeran Street Jafferkhanpettai has seen significant changes. The 2007 revision recorded a guideline value of Rs 800 per sq.ft, which increased to Rs 2,512 per sq.ft in 2017, marking a rise of 214%. The most recent revision in 2024 has set the guideline value at Rs 4,100 per sq.ft, reflecting a 63% increase from the 2017 figure. It is important to note that the register has no figures for the years 2023, 2012, 2003, and 2002.

From the 2007 revision to the 2024 revision, the overall change amounts to an increase of 413%. This substantial rise illustrates the evolving guideline value for this street over the years.

Guideline values in Kodambakkam

Kodambakkam village has a total of 1,031 streets under the Ashok Nagar SRO, with the 2024 guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, placing Nakkeeran Street's current value below this median.

• Nakkeeran Street: Rs 3,300 per sq.ft (2024)
• Nagathamman Koil Street(Extension): Rs 5,500 per sq.ft (2024)
• Nagathamman Koil Street Block 88, 89, 90: Rs 5,500 per sq.ft (2024)
• Nagathamman Koil Street: Rs 5,500 per sq.ft (2024)
• Nagarathinammal Colony Block 62: Rs 6,000 per sq.ft (2024)
• Nagappan Street: Rs 4,100 per sq.ft (2024)

Stamp duty and registration fee for property in Nakkeeran Street Jafferkhanpettai

For a 1,000 sq.ft plot at the current guideline value of Rs 4,100 per sq.ft, the total guideline value amounts to Rs 41,00,000. The stamp duty at 7% would be Rs 2,87,000, and the registration fee at 2% would be Rs 82,000, bringing the total to Rs 3,69,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Nakkeeran Street Jafferkhanpettai?

The Sub Registrar Office that covers Nakkeeran Street Jafferkhanpettai is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Nakkeeran Street Jafferkhanpettai?

The current guideline value of Nakkeeran Street Jafferkhanpettai is Rs 4,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2007?

Since 2007, the guideline value has increased from Rs 800 per sq.ft to Rs 4,100 per sq.ft in 2024, representing an overall rise of 413%.

What is the stamp duty rate for properties in Nakkeeran Street Jafferkhanpettai?

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

Which Sub Registrar Office should I visit for transactions in Nakkeeran Street Jafferkhanpettai?

The Ashok Nagar Sub Registrar Office is the designated office for transactions related to Nakkeeran Street Jafferkhanpettai, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How does the guideline value affect property transactions?

The guideline value affects property transactions by determining the stamp duty and registration fees that must be paid. It is used to assess the value of the property during the registration process.