Guideline Value for Naloor Kulakkarai

Naloor Kulakkarai guideline value

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

How the guideline value of Naloor Kulakkarai has changed

Over the years, the guideline value of Naloor Kulakkarai has seen several revisions. The earliest recorded revision was in 2007, where the value was Rs 100 per sq.ft. This increased significantly to Rs 700 per sq.ft in 2012, marking a 600% rise. However, in the subsequent revision of 2017, the value dropped to Rs 469 per sq.ft, a decrease of 33%. The value remained at Rs 700 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

To summarize the changes: from 2017 to 2023, there was a notable increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 600% from its original figure.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO, with guideline values ranging from Rs 200 to Rs 1,800 per sq.ft. The median guideline value in this area is Rs 800 per sq.ft, which means that Naloor Kulakkarai's 2024 figure is below this median.

• Nalloor Melandai Street: Rs 700 per sq.ft (2024)
• Nalloor Kizhandai street: Rs 700 per sq.ft (2024)
• Nalloor Kalani: 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 Naloor Kulakkarai

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total 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, bringing the total charges to Rs 63,000. 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 details.

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. 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 during the registration of property transactions in Uthiramerur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, it is essential to be aware of the current guideline value, as it can affect the overall cost of the transaction. Buyers and sellers should ensure that they are informed about the latest guideline values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Naloor Kulakkarai?

The current guideline value of Naloor Kulakkarai 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 significantly, with the most recent figure being Rs 700 per sq.ft in both 2023 and 2024. It was Rs 469 per sq.ft in 2017, and Rs 100 per sq.ft in 2007.

What is the land classification of Naloor Kulakkarai?

Naloor Kulakkarai is classified as Residential Class III Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Naloor Kulakkarai?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 7,00,000, the total fees would amount to Rs 63,000, including stamp duty and registration fees.