Guideline Value for Nallaiththontheru

Nallaiththontheru guideline value

The current guideline value for Nallaiththontheru is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Thirumazhisai village, under the Poonamallee SRO, and is classified as Residential Special Type - I.

How the guideline value of Nallaiththontheru has changed

The guideline value for Nallaiththontheru has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 200 per sq.ft. It increased significantly to Rs 1,000 per sq.ft in 2012, marking a 400% increase. However, in the 2017 revision, it dropped to Rs 670 per sq.ft, a decrease of 33%. The value then rose to Rs 1,000 per sq.ft in 2023, reflecting a 49% increase. Most recently, the 2024 revision set the value at Rs 1,100 per sq.ft, which is a 10% increase from the previous year.

There are no figures available for Nallaiththontheru in the 2002 and 2003 revisions. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 450%.

Guideline values in Thirumazhisai

In Thirumazhisai, there are 86 streets under the Poonamallee SRO that have a 2024 guideline value ranging from Rs 730 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, placing Nallaiththontheru's 2024 figure below that median.

• Muthuraja 3rd street: Rs 1,100 per sq.ft (2024)
• Muthuraja 2nd street: Rs 1,100 per sq.ft (2024)
• Nedunsalai mani's cafes Atheekenaru: Rs 1,100 per sq.ft (2024)
• Muthaal muthu raja 1st street: Rs 1,100 per sq.ft (2024)
• M.R.K Avenue: Rs 1,430 per sq.ft (2024)
• New Blossom: Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Nallaiththontheru

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total charges to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Nallaiththontheru?

The Sub Registrar Office that covers Nallaiththontheru is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration process of property transactions in Thirumazhisai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that all transactions are recorded at a fair and consistent value.

When buying or selling property, the guideline value helps in determining the official value of the property for tax purposes. This ensures that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Nallaiththontheru?

The current guideline value of Nallaiththontheru 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 changed from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

What is the land classification for Nallaiththontheru?

Nallaiththontheru is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Poonamallee Sub Registrar Office?

The Poonamallee Sub Registrar Office is located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

What are the stamp duty rates for properties in Nallaiththontheru?

The stamp duty for properties in Nallaiththontheru is charged at 7% of the guideline value or the sale price, whichever is higher.