Guideline Value for Nalleeswarar Nagar 2nd Cross Street

Nalleeswarar Nagar 2nd Cross Street guideline value

The current guideline value of Nalleeswarar Nagar 2nd Cross Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-B village under the Kunrathur SRO, and it falls under the land classification of Mixed Special Type - III.

How the guideline value of Nalleeswarar Nagar 2nd Cross Street has changed

In the 2017 revision, the guideline value was Rs 1,072 per sq.ft. This figure increased significantly to Rs 1,600 per sq.ft in the 2023 revision, marking a 49% increase. The most recent 2024 revision has set the guideline value at Rs 1,760 per sq.ft, which represents a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a 64% increase in the guideline value. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value in this area is Rs 1,540 per sq.ft, placing Nalleeswarar Nagar 2nd Cross Street's 2024 figure above that median.

• Nalleeswarar Nagar 3rd Cross Street: Rs 1,760 per sq.ft (2024)
• Nalleeswarar Nagar 1st Cross Street: Rs 1,760 per sq.ft (2024)
• Nalleeswarar Nagar 4th Cross Street: Rs 1,760 per sq.ft (2024)
• Nalleeswarar Nagar 5th Cross Street: Rs 1,760 per sq.ft (2024)
• Nalleeswarar Nagar 6th Cross Street: Rs 1,760 per sq.ft (2024)
• Nalleeswarar Nagar 7th Cross Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Nalleeswarar Nagar 2nd Cross 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 to Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Nalleeswarar Nagar 2nd Cross Street?

The Sub Registrar Office covering Nalleeswarar Nagar 2nd Cross Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is a crucial factor in property transactions within Kunrathour-B. It serves as a reference point for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

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

Frequently asked questions

What is the current guideline value for Nalleeswarar Nagar 2nd Cross Street?

The current guideline value for Nalleeswarar Nagar 2nd Cross Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,072 per sq.ft to Rs 1,760 per sq.ft in 2024, representing a total increase of 64% over the seven-year period.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200 and the registration fee would be Rs 35,200, totaling Rs 1,58,400. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Nalleeswarar Nagar 2nd Cross Street?

The Kunrathur Sub Registrar Office covers Nalleeswarar Nagar 2nd Cross Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

Are there other streets in Kunrathour-B with the same guideline value?

Yes, several other streets in Kunrathour-B have the same guideline value of Rs 1,760 per sq.ft for 2024, including Nalleeswarar Nagar 1st, 3rd, 4th, 5th, 6th, and 7th Cross Streets.