Guideline Value for Nalloor Kalani

Nalloor Kalani guideline value

The current guideline value of Nalloor Kalani, located in Neeradi village, is Rs 202 per sq.ft, effective from 1 July 2024. This area falls under the Uthiramerur Sub Registrar Office (SRO) and is classified as Residential Special Type - IV.

How the guideline value of Nalloor Kalani has changed

The guideline value for Nalloor Kalani has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which was followed by a decrease to Rs 134 per sq.ft in 2017. The 2023 revision increased it slightly to Rs 200 per sq.ft, and the most recent 2024 revision has brought it to Rs 202 per sq.ft.

From 2017 to 2023, there was a significant increase of 49%, while the change from 2012 to 2017 was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by just 1%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Neeradi

In Neeradi village, there are 20 streets under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 201 to Rs 350 per sq.ft. The median value is Rs 202 per sq.ft, making Nalloor Kalani's 2024 figure equal to this median. Below are the guideline values for other streets in Neeradi:

• Naloor Kulakkarai: Rs 202 per sq.ft (2024)
• Neeradi Battai Street: Rs 202 per sq.ft (2024)
• Neeradi East Street: Rs 202 per sq.ft (2024)
• Neeradi South Street: Rs 202 per sq.ft (2024)
• Neeradi West Street: Rs 202 per sq.ft (2024)
• New Vetri Nagar: Rs 201 per sq.ft (2024)

Stamp duty and registration fee for property in Nalloor Kalani

For a 1,000 sq.ft plot at the current guideline value of Rs 202 per sq.ft, the total guideline value would be Rs 2,02,000. The stamp duty at 7% would amount to Rs 14,140, while the registration fee at 2% would be Rs 4,040, bringing the total cost for these fees to Rs 18,180. It is important to note that the 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 details.

Which Sub Registrar Office covers Nalloor Kalani?

The Nalloor Kalani area is covered by the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Neeradi. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two figures is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Nalloor Kalani?

The current guideline value of Nalloor Kalani is Rs 202 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 2012 to Rs 134 per sq.ft in 2017, then increased to Rs 200 per sq.ft in 2023, and finally to Rs 202 per sq.ft in 2024.

What is the land classification for Nalloor Kalani?

Nalloor Kalani is classified as Residential Special Type - IV, which indicates its intended use for residential purposes.

Where can I find the Uthiramerur Sub Registrar Office?

The Uthiramerur Sub Registrar Office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.

How is stamp duty calculated for properties in Nalloor Kalani?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 2,02,000 would incur a stamp duty of Rs 14,140 at a rate of 7%.