Guideline Value

Corporate

Guideline Value for Nalli Nagar

₹550/sq.ft.

The guideline value for Nalli Nagar in Pammathukulam village (Redhills SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pammathukulam

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹38 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹367 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Nalli Nagar

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Nalli Nagar guideline value

The current guideline value of Nalli Nagar, located in Pammathukulam village under the Redhills SRO, is Rs 550 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Nalli Nagar has changed

The guideline value for Nalli Nagar has undergone several revisions over the years. The earliest recorded figure is from 2002, which was Rs 367 per sq.ft. This value saw a significant increase to Rs 38 per sq.ft in 2003, followed by a substantial rise to Rs 200 per sq.ft in 2007. The 2012 revision brought this figure back up to Rs 500 per sq.ft, but it then decreased to Rs 335 per sq.ft in 2017. The value further increased to Rs 500 per sq.ft in 2023, and most recently, it has been set at Rs 550 per sq.ft in the 2024 revision. There are no figures available for Nalli Nagar in the years not listed.

When examining the changes between these revisions, the increase from 2003 to 2007 was notable at +426%. The value then increased by +150% from 2007 to 2012. However, there was a decrease of -33% from 2012 to 2017. The value rose again by +49% from 2017 to 2023, and the latest revision from 2023 to 2024 shows an increase of +10%. Overall, from 2002 to 2024, the guideline value has increased by +50%.

Guideline values in Pammathukulam

Pammathukulam village has a total of 101 streets under the Redhills SRO, with the 2024 guideline values ranging from Rs 330 to Rs 825 per sq.ft. The median value for these streets is Rs 550 per sq.ft, placing Nalli Nagar's 2024 guideline value at this median level.

Stamp duty and registration fee for property in Nalli Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total to Rs 49,500. It is important to note that 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 further calculations.

Which Sub Registrar Office covers Nalli Nagar?

The Sub Registrar Office that covers Nalli Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Pammathukulam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must be aware of this value to ensure compliance with the local regulations.

When a property transaction occurs, the guideline value is assessed to calculate the applicable duties. This value is used to determine the financial obligations of the parties involved, ensuring that the transaction adheres to the legal framework set by the registration authorities.

Frequently asked questions

What is the current guideline value of Nalli Nagar?

The current guideline value of Nalli Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value of Nalli Nagar changed over the years?

The guideline value has changed from Rs 367 per sq.ft in 2002 to Rs 550 per sq.ft in 2024, with various increases and decreases occurring in between.

What are the other streets in Pammathukulam with similar guideline values?

Other streets in Pammathukulam with a 2024 guideline value of Rs 550 per sq.ft include Muthu Estate and New Valli Nagar.

What is the stamp duty rate for properties in Nalli Nagar?

The stamp duty rate for properties in Nalli Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Nalli Nagar?

The Sub Registrar Office for Nalli Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.