Guideline Value for Naloor Kulakkarai

Naloor Kulakkarai guideline value

The current guideline value of Naloor Kulakkarai is Rs 202 per sq.ft, effective from 1 July 2024. This street is located in Neeradi village under the Uthiramerur SRO, with a land classification of Residential Special Type - IV.

How the guideline value of Naloor Kulakkarai has changed

The guideline value for Naloor Kulakkarai has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which was then reduced to Rs 134 per sq.ft in the 2017 revision. However, the value increased significantly by 49% to Rs 200 per sq.ft in the 2023 revision, and has now risen slightly to Rs 202 per sq.ft in the 2024 revision, reflecting a 1% increase.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by just 1%.

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, with the median value being Rs 202 per sq.ft. Naloor Kulakkarai's 2024 figure is equal to this median.

• Nalloor Kalani: 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 Naloor Kulakkarai

For a 1,000 sq.ft plot at the current guideline value of Rs 202 per sq.ft, the total guideline value amounts to Rs 2,02,000. The stamp duty at 7% would be Rs 14,140, while the registration fee at 2% would be Rs 4,040, bringing the total 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 the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Naloor Kulakkarai?

The Sub Registrar Office that covers Naloor Kulakkarai is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process for property transactions in Neeradi. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value as it directly impacts the overall cost of the transaction. Accurate knowledge of these values ensures compliance with legal requirements and helps in budgeting for the costs associated with property transactions.

Frequently asked questions

What is the current guideline value of Naloor Kulakkarai?

The current guideline value of Naloor Kulakkarai 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.

Are there any years with no guideline value for Naloor Kulakkarai?

Yes, the register has no figures for Naloor Kulakkarai for the years 2002, 2003, and 2007.

What is the land classification for Naloor Kulakkarai?

The land classification for Naloor Kulakkarai is Residential Special Type - IV.

How is stamp duty calculated for properties in Naloor Kulakkarai?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value of Rs 2,02,000 would incur a stamp duty of Rs 14,140 at 7%.