Guideline Value for Nakkeeran Street

Nakkeeran Street guideline value

The current guideline value of Nakkeeran Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Nakkeeran Street has changed

The guideline value of Nakkeeran Street has undergone several revisions over the years. The earliest recorded figure is from 2007, when it was Rs 800 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in 2012, marking a rise of 275%. However, the value dropped to Rs 2,010 per sq.ft in 2017, which represented a decrease of 33%. The most recent revision in 2024 shows a substantial increase to Rs 3,300 per sq.ft, resulting in a 64% rise from the 2017 figure.

It is important to note that there are no figures available for Nakkeeran Street for the years 2002, 2003, and 2023. Overall, from 2007 to 2024, the guideline value has increased by 313%.

Guideline values in Kodambakkam

Kodambakkam village has a total of 1,031 streets under the Ashok Nagar SRO, with 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, which means that Nakkeeran Street's 2024 figure of Rs 3,300 per sq.ft is below this median.

• Nakkeeran Street Jafferkhanpettai: Rs 4,100 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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nakkeeran Street?

The Sub Registrar Office that covers Nakkeeran Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near 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 during property registration in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that all transactions are in compliance with local regulations. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Nakkeeran Street?

The current guideline value of Nakkeeran Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, representing an overall increase of 313% over the years.

What is the land classification of Nakkeeran Street?

Nakkeeran Street is classified as Residential Class IV Type - II.

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

The Sub Registrar Office for Nakkeeran Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What are the stamp duty and registration fees for property in Nakkeeran Street?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.