Guideline Value for Naladurai School Street

Naladurai School Street guideline value

The current guideline value of Naladurai School Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class III Type - II.

How the guideline value of Naladurai School Street has changed

The guideline value of Naladurai School Street has seen significant changes over the years. In 2002, the guideline value was Rs 135 per sq.ft, which increased to Rs 153 per sq.ft in 2003, marking a 13% rise. By 2007, the value had jumped to Rs 260 per sq.ft, reflecting a 70% increase from the previous revision. The 2017 revision saw another substantial rise, with the value reaching Rs 1,072 per sq.ft, which is a 312% increase from 2007. The latest revision in 2024 has set the guideline value at Rs 1,760 per sq.ft, a 64% increase from 2017.

It is important to note that there are no figures available for the years 2012 and 2023 for Naladurai School Street. Overall, from 2002 to 2024, the guideline value has increased by an impressive 1204%.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft. The median value for these streets is Rs 2,090 per sq.ft, placing the 2024 guideline value of Naladurai School Street below this median.

• Nalathambi Street / Pasumpon Nagar: Rs 2,750 per sq.ft (2024)
• Nalathambi Street / Sholavaram Nagar: Rs 2,750 per sq.ft (2024)
• Nalathambi Street / Thiru Nagar: Rs 2,750 per sq.ft (2024)
• Nallathambi Road, Anna Nagar: Rs 2,750 per sq.ft (2024)
• Nallathambi Road, Muthamiaz Nagar: Rs 2,750 per sq.ft (2024)
• Nallathambi Street, Nagelkeni: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Naladurai School Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total cost for these fees to Rs 1,58,400. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Naladurai School Street?

The Sub Registrar Office that covers Naladurai School Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value plays a crucial role in the registration process of property transactions in Pammal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are recorded at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are essential components of the registration process. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Naladurai School Street?

The current guideline value of Naladurai School Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 135 per sq.ft in 2002 to Rs 1,760 per sq.ft in 2024, which is an overall increase of 1204%.

What is the land classification for Naladurai School Street?

Naladurai School Street is classified as Residential Class III Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Naladurai School Street?

The Sub Registrar Office for Naladurai School Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate results in a total guideline value of Rs 17,60,000.