Guideline Value for Nalloor Kizhandai street

Nalloor Kizhandai street guideline value

The current guideline value of Nalloor Kizhandai street is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Nalloor Kizhandai street has changed

The guideline value for Nalloor Kizhandai street has seen several revisions over the years. In 2007, the guideline value was Rs 100 per sq.ft, which increased significantly to Rs 700 per sq.ft in 2012. This marked a substantial increase of 600%. However, from 2012 to 2017, the value decreased by 33% to Rs 469 per sq.ft. The subsequent revision in 2023 maintained the value at Rs 700 per sq.ft, with no change from the previous year.

From 2017 to 2023, there was a notable increase of 49%, bringing the value back to Rs 700 per sq.ft. As of the 2024 revision, the value remains unchanged at Rs 700 per sq.ft. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Uthiramerur

In Uthiramerur village, there are 180 streets under the Uthiramerur SRO with a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft. The median value is Rs 800 per sq.ft, placing Nalloor Kizhandai street's 2024 figure below this median.

• Nalloor Kalani: 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 Kizhandai street

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nalloor Kizhandai street?

The Nalloor Kizhandai street 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 more information.

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

The guideline value is a crucial factor when registering property in Uthiramerur. It serves as a benchmark for determining the stamp duty and registration fees applicable to property transactions. Buyers and sellers should be aware that the guideline value may differ from the actual sale price.

When a property is registered, the guideline value is used to calculate the necessary fees, ensuring compliance with local regulations. This process helps maintain transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Nalloor Kizhandai street?

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

How has the guideline value changed over the years?

The guideline value has undergone several revisions, with the most recent being Rs 700 per sq.ft in 2023 and 2024. The value was Rs 469 per sq.ft in 2017 and Rs 700 per sq.ft in 2012.

What are the stamp duty and registration fees for properties on this street?

For a 1,000 sq.ft plot valued at Rs 700 per sq.ft, the total guideline value is 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 registrations for Nalloor Kizhandai street?

The Uthiramerur Sub Registrar Office handles registrations for Nalloor Kizhandai street, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406.

What is the land classification for Nalloor Kizhandai street?

Nalloor Kizhandai street is classified as Residential Class III Type - I, indicating its suitability for residential development.