Guideline Value for Nallur Kezhandi Sreet

Nallur Kezhandi Sreet guideline value

The current guideline value for Nallur Kezhandi Sreet is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Malliyankaranai village, under the Uthiramerur SRO, and is classified as Residential Special Type - I.

How the guideline value of Nallur Kezhandi Sreet has changed

Since the 2012 revision, the guideline value for Nallur Kezhandi Sreet has seen various changes. In 2012, the value was Rs 300 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 201 per sq.ft. Following this, the value increased significantly to Rs 300 per sq.ft in the 2023 revision, maintaining the same rate in the 2024 revision. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

From 2017 to 2023, there was a notable increase of 49%. However, the overall change from 2012 to 2024 shows no increase, remaining at Rs 300 per sq.ft. The 2023 to 2024 revision indicates no change, with a consistent value of Rs 300 per sq.ft.

Guideline values in Malliyankaranai

In Malliyankaranai, there are 42 streets under the Uthiramerur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 603 per sq.ft. The median guideline value for these streets is Rs 401 per sq.ft, which means that Nallur Kezhandi Sreet's 2024 figure is below this median.

• Nallur Melandai Street: Rs 300 per sq.ft (2024)
• Paruthikollai: Rs 401 per sq.ft (2024)
• Malliyankaranai Madura Manikanatham: Rs 250 per sq.ft (2024)
• Malliyankaranai: Rs 200 per sq.ft (2024)
• Pattankulam: Rs 401 per sq.ft (2024)
• Mahendra Avenu: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Nallur Kezhandi Sreet

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, making the total cost Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nallur Kezhandi Sreet?

The Sub Registrar Office that covers Nallur Kezhandi Sreet 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 Malliyankaranai

The guideline value plays a crucial role in the registration process when buying or selling property in Malliyankaranai. It is used to determine the applicable stamp duty and registration fees, which are essential for the legal transfer of property ownership.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the stamp duty and registration fees. This ensures that the fees reflect the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Nallur Kezhandi Sreet?

The current guideline value of Nallur Kezhandi Sreet is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2012 to 2024, with a decrease to Rs 201 per sq.ft in 2017, followed by an increase back to Rs 300 per sq.ft in 2023.

What are the stamp duty and registration fees for property in Nallur Kezhandi Sreet?

For a 1,000 sq.ft plot, the total guideline value is Rs 3,00,000, leading to a stamp duty of Rs 21,000 and a registration fee of Rs 6,000, totaling Rs 27,000.

Which Sub Registrar Office covers Nallur Kezhandi Sreet?

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

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that the fees are based on the property's value, whether that is the guideline value or the sale price, whichever is higher.