Guideline Value for Nalloor Kalani

Nalloor Kalani guideline value

The current guideline value of Nalloor Kalani is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Uthiramerur village, under the Uthiramerur SRO, and falls under the Residential Class III Type - I land classification.

How the guideline value of Nalloor Kalani has changed

The guideline value for Nalloor Kalani has undergone several revisions over the years. In 2007, the value was set at Rs 100 per sq.ft, which increased significantly to Rs 700 per sq.ft in 2012. However, it then dropped to Rs 469 per sq.ft in 2017. The 2023 revision maintained the value at Rs 700 per sq.ft, and this has remained unchanged in the 2024 revision as well.

From 2017 to 2023, there was a notable increase of 49%. The value remained stable from 2023 to 2024, showing no percentage change. Overall, from 2007 to 2024, the guideline value has increased by 600%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Uthiramerur

Uthiramerur village has a total of 180 streets under the Uthiramerur SRO, with guideline values ranging from Rs 200 to Rs 1,800 per sq.ft. The median guideline value for these streets is Rs 800 per sq.ft, placing Nalloor Kalani's 2024 figure below this median.

• Nalloor Kizhandai street: Rs 700 per sq.ft (2024)
• Nalloor Melandai Street: Rs 700 per sq.ft (2024)
• Naloor Kulakkarai: Rs 700 per sq.ft (2024)
• Narasima Nagar: Rs 700 per sq.ft (2024)
• Neeradi Battai Street: Rs 700 per sq.ft (2024)
• Neeradi East Street: Rs 700 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 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, while the registration fee at 2% would be Rs 14,000, leading to a total cost of Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Nalloor Kalani?

The Sub Registrar Office that covers Nalloor Kalani is 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 more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Uthiramerur. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the buyer must ensure that the sale price is not lower than the guideline value to avoid any legal issues. The registration office uses the guideline value to calculate the applicable fees, ensuring transparency in property transactions.

Frequently asked questions

What is the current guideline value of Nalloor Kalani?

The current guideline value of Nalloor Kalani is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revisions being Rs 700 per sq.ft in 2023 and 2024, up from Rs 469 per sq.ft in 2017. The value was Rs 700 per sq.ft in 2012 and Rs 100 per sq.ft in 2007.

What is the median guideline value in Uthiramerur?

The median guideline value for streets in Uthiramerur is Rs 800 per sq.ft, making Nalloor Kalani's 2024 figure below this median.

What are the stamp duty and registration fees for property in Nalloor Kalani?

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000.

Which office handles property registrations for Nalloor Kalani?

The Uthiramerur Sub Registrar Office handles property registrations for Nalloor Kalani, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.