Guideline Value for Nallatchi Amman Extension

Nallatchi Amman Extension guideline value

The current guideline value of Nallatchi Amman Extension is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Karasangal village, under the Sriperumpudur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Nallatchi Amman Extension has changed

The guideline value for Nallatchi Amman Extension has undergone several revisions over the years. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2023 revision, where it was still Rs 250 per sq.ft. The next revision in 2024 also maintained the value at Rs 250 per sq.ft, indicating no change from the previous year. The register has no figure for this street in the revisions for the years 2002, 2003, and 2007.

Looking further back, the 2017 revision had a guideline value of Rs 167 per sq.ft, showing a 50% increase to Rs 250 per sq.ft in 2023. However, from 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 250 per sq.ft.

Guideline values in Karasangal

In Karasangal, there are 59 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 3,550 per sq.ft, with a median value of Rs 402 per sq.ft. Nallatchi Amman Extension's current figure of Rs 250 per sq.ft is below this median.

• Nallatchi Amman Nagar: Rs 250 per sq.ft (2024)
• Nanbargal Avenue: Rs 600 per sq.ft (2024)
• Nanbargal Avenue Extension: Rs 600 per sq.ft (2024)
• Nanbargal Nagar: Rs 600 per sq.ft (2024)
• Nanbargal Nagar Extension: Rs 600 per sq.ft (2024)
• Naveen Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Nallatchi Amman Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nallatchi Amman Extension?

The Nallatchi Amman Extension falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

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

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration fees reflect the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Nallatchi Amman Extension?

The current guideline value of Nallatchi Amman Extension is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Nallatchi Amman Extension has remained at Rs 250 per sq.ft since 2012, with a notable increase from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023. There has been no change from 2023 to 2024.

What are the stamp duty and registration fees for properties in Nallatchi Amman Extension?

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500, and the registration fee would be Rs 5,000, totaling Rs 22,500. The duty is charged on the higher of the guideline value or the sale price.

Which office handles property registrations in Nallatchi Amman Extension?

The Sriperumpudur Sub Registrar Office handles property registrations for Nallatchi Amman Extension. The office is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

What is the land classification for Nallatchi Amman Extension?

Nallatchi Amman Extension is classified as Residential Class II Type - I, indicating its designated use for residential purposes within the area.