Guideline Value for Namakkal ramalingam Street

Namakkal ramalingam Street guideline value

The current guideline value of Namakkal ramalingam Street is Rs 1,100 per sq.ft. This street is located in Thiruvallur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Namakkal ramalingam Street has changed

The guideline value for Namakkal ramalingam Street has seen several revisions over the years. In 2007, the guideline value was Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a 400% rise. However, from 2012 to 2017, the value decreased by 33% to Rs 670 per sq.ft. The 2023 revision set the value at Rs 1,000 per sq.ft, and the latest revision in 2024 increased it to Rs 1,100 per sq.ft, reflecting a 10% increase.

Overall, from 2007 to 2024, the guideline value has increased by 450%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thiruvallur

In Thiruvallur village, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft. The median value among these streets is Rs 1,100 per sq.ft, which is equal to the current guideline value of Namakkal ramalingam Street.

• Nakeeran Street: Rs 1,100 per sq.ft (2024)
• Nethaji Salai: Rs 2,750 per sq.ft (2024)
• Mothilal Street: Rs 2,750 per sq.ft (2024)
• Mosque Street: Rs 2,750 per sq.ft (2024)
• New N.G.G.O Colony: Rs 1,100 per sq.ft (2024)
• Mohamed ali street: Rs 1,430 per sq.ft (2024)

Stamp duty and registration fee for property in Namakkal ramalingam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total cost Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Namakkal ramalingam Street?

The Sub Registrar Office that covers Namakkal ramalingam Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Thiruvallur. It serves as a reference point for calculating the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a buyer or seller engages in a property transaction, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. This helps maintain transparency and accountability in the real estate market.

Frequently asked questions

What is the current guideline value of Namakkal ramalingam Street?

The current guideline value of Namakkal ramalingam Street is Rs 1,100 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 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

What is the land classification for Namakkal ramalingam Street?

Namakkal ramalingam Street is classified as Residential Class I Type - III according to the land classification regulations.

Where can I find the Sub Registrar Office for Namakkal ramalingam Street?

The Sub Registrar Office for Namakkal ramalingam Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How is stamp duty calculated for properties in Thiruvallur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 11,00,000, the stamp duty at 7% would be Rs 77,000.