Guideline Value for Nalappalli Salai

Nalappalli Salai guideline value

The current guideline value of Nalappalli Salai is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in 44.Ayanambakkam village under the Konnur SRO, classified as Residential Class II Type - I.

How the guideline value of Nalappalli Salai has changed

The guideline value for Nalappalli Salai has seen several revisions over the years. The 2017 revision set the value at Rs 804 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2023 revision. The current 2024 revision reflects a further increase to Rs 1,300 per sq.ft, marking an 8% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a significant increase of 62%. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO with a 2024 guideline value ranging from Rs 801 to Rs 9,702 per sq.ft. The median value is Rs 1,300 per sq.ft, which is the same as the current guideline value for Nalappalli Salai.

• Nalliappan Nagar: Rs 880 per sq.ft (2024)
• Natesan Nagar: Rs 2,750 per sq.ft (2024)
• Nehru Street: Rs 1,100 per sq.ft (2024)
• New Anna Nagar: Rs 1,700 per sq.ft (2024)
• New Century Nagar: Rs 1,400 per sq.ft (2024)
• NolamburRoad: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Nalappalli Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, making the total cost Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nalappalli Salai?

The Sub Registrar Office that covers Nalappalli Salai is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai, in the Chennai registration zone.

You can find your SRO for more details.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value is an important factor in the registration of property transactions. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately, and it reflects the official value of the property as recognized by the government. This process is crucial for maintaining transparency and legality in property dealings.

Frequently asked questions

What is the current guideline value of Nalappalli Salai?

The current guideline value of Nalappalli Salai is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2024, marking a total increase of 62% over this period.

What are the stamp duty and registration fees for properties in Nalappalli Salai?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Which office handles property registrations for Nalappalli Salai?

The Konnur Sub Registrar Office handles property registrations for Nalappalli Salai, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the land classification for Nalappalli Salai?

Nalappalli Salai is classified as Residential Class II Type - I, which is important for determining the guideline value and property regulations.