Guideline Value for Nallathamman Koil St

Nallathamman Koil St guideline value

The current guideline value of Nallathamman Koil St is Rs 326 per sq.ft, effective from 1 July 2024. This street is located in Perampakkam village, under the Perambakkam SRO, and is classified as Residential Class III Type - I.

How the guideline value of Nallathamman Koil St has changed

In the 2007 revision, the guideline value was set at Rs 100 per sq.ft. This figure saw a significant increase in the 2012 revision to Rs 325 per sq.ft, marking a rise of 225%. However, in the 2017 revision, the value decreased to Rs 218 per sq.ft, reflecting a decline of 33%. The guideline value then increased to Rs 326 per sq.ft in both the 2023 and 2024 revisions, with no change between these two years.

It is important to note that there are no figures available for the years 2002 and 2003 for Nallathamman Koil St. Overall, from 2007 to 2024, the guideline value has increased by 226%.

Guideline values in Perampakkam

In Perampakkam, there are 20 streets under the Perambakkam SRO that have a 2024 guideline value ranging from Rs 200 to Rs 500 per sq.ft. The median guideline value in this area is Rs 350 per sq.ft, placing Nallathamman Koil St's value below this median.

• Mudaliar St: Rs 200 per sq.ft (2024)
• MGR Nagar: Rs 350 per sq.ft (2024)
• Perumal Koil St: Rs 400 per sq.ft (2024)
• Pettai St: Rs 350 per sq.ft (2024)
• Puttalaman Koil St (Pandaram St): Rs 350 per sq.ft (2024)
• KK Nagar: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Nallathamman Koil St

For a 1,000 sq.ft plot at the current rate of Rs 326 per sq.ft, the guideline value totals Rs 3,26,000. The stamp duty, charged at 7%, amounts to Rs 22,820, while the registration fee at 2% is Rs 6,520. The total fees would thus be Rs 29,340. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Nallathamman Koil St?

The Sub Registrar Office covering Nallathamman Koil St is the Perambakkam Sub Registrar Office, located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Perampakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating the sale price, as the registration fees and stamp duty are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to ensure that the sale price is not lower than the guideline value to avoid any legal issues. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Nallathamman Koil St?

The current guideline value of Nallathamman Koil St is Rs 326 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, starting from Rs 100 per sq.ft in 2007 to Rs 326 per sq.ft in 2024, reflecting an overall increase of 226% from 2007 to 2024.

What are the stamp duty and registration fees for properties in Nallathamman Koil St?

For a property valued at Rs 3,26,000, the stamp duty is Rs 22,820 and the registration fee is Rs 6,520, totaling Rs 29,340.

Which Sub Registrar Office is responsible for Nallathamman Koil St?

The Perambakkam Sub Registrar Office is responsible for Nallathamman Koil St, located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai.

What is the land classification of Nallathamman Koil St?

Nallathamman Koil St is classified as Residential Class III Type - I, indicating its suitability for residential purposes.