Guideline Value for National Highway

National Highway guideline value

The current guideline value of National Highway in Pennaloor village is Rs 1,200 per sq.ft, effective from 1 July 2024. This falls under the jurisdiction of the Sriperumpudur SRO and is classified as Commercial Class I Type - I land.

How the guideline value of National Highway has changed

Looking at the revisions over the years, the guideline value for National Highway was Rs 1,200 per sq.ft in 2012. This figure remained the same in the subsequent revision in 2023. However, in the 2017 revision, the value was noted at Rs 804 per sq.ft, indicating a decrease of 33% from the 2012 figure. The most recent revision in 2024 has again set the value at Rs 1,200 per sq.ft, showing no change from 2023.

In terms of overall changes, the guideline value from 2012 to 2024 has remained at Rs 1,200 per sq.ft, reflecting a 0% change. The jump from 2017 to 2023 saw an increase of 49%, bringing the value back to the 2012 level.

Guideline values in Pennaloor

In Pennaloor, there are 35 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 1,200 per sq.ft. The median guideline value in this area is Rs 200 per sq.ft, placing the National Highway's 2024 figure above that median.

• Nehru Street: Rs 100 per sq.ft (2024)
• MGR street: Rs 200 per sq.ft (2024)
• M.G.R Nagar: Rs 100 per sq.ft (2024)
• Pallikuda Street: Rs 200 per sq.ft (2024)
• Palvadi Street: Rs 200 per sq.ft (2024)
• Perumal Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in National Highway

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total fees to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers National Highway?

The Sub Registrar Office that covers National Highway is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Pennaloor. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the baseline value of the property. It is important for buyers to be aware of the guideline value to ensure they are paying a fair price during the transaction.

Frequently asked questions

What is the current guideline value of National Highway?

The current guideline value of National Highway in Pennaloor village is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 1,200 per sq.ft in 2024, which is the same as in 2023. The value was Rs 804 per sq.ft in 2017, showing a significant increase of 49% by 2023.

What is the median guideline value in Pennaloor?

The median guideline value in Pennaloor is Rs 200 per sq.ft. The National Highway's current value of Rs 1,200 per sq.ft is above this median.

What are the stamp duty and registration fees for properties in National Highway?

For a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000, and the registration fee would be Rs 24,000, totaling Rs 1,08,000.

Where is the Sub Registrar Office for National Highway located?

The Sub Registrar Office for National Highway is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.