Guideline Value for Neeradi Battai Street

Neeradi Battai Street guideline value

The current guideline value of Neeradi Battai Street is Rs 202 per sq.ft, effective from 1 July 2024. This street is located in Neeradi village under the Uthiramerur SRO, and it is classified as Residential Special Type - IV.

How the guideline value of Neeradi Battai Street has changed

The guideline value for Neeradi Battai Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 200 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 134 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 200 per sq.ft in the 2023 revision, representing a 49% rise. The latest revision in 2024 has set the value at Rs 202 per sq.ft, showing a slight increase of 1% from the previous year.

There are no figures available in the register for the years 2002, 2003, and 2007 for this street.

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. The median value is Rs 202 per sq.ft, which is the same as the guideline value for Neeradi Battai Street.

• 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)
• Naloor Kulakkarai: Rs 202 per sq.ft (2024)
• Nalloor Kalani: Rs 202 per sq.ft (2024)
• New Vetri Nagar: Rs 201 per sq.ft (2024)

Stamp duty and registration fee for property in Neeradi Battai Street

For a 1,000 sq.ft plot at the current rate of Rs 202 per sq.ft, the guideline value amounts to Rs 2,02,000. The stamp duty at 7% would be Rs 14,140, and the registration fee at 2% would be Rs 4,040, totaling Rs 18,180. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Neeradi Battai Street?

The Uthiramerur Sub Registrar Office covers Neeradi Battai Street. The office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Neeradi Battai Street?

The current guideline value of Neeradi Battai Street 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 back to Rs 200 per sq.ft in 2023, and finally to Rs 202 per sq.ft in 2024.

What is the land classification for Neeradi Battai Street?

Neeradi Battai Street is classified as Residential Special Type - IV.

Which office handles registrations for Neeradi Battai Street?

The Uthiramerur Sub Registrar Office handles registrations for Neeradi Battai Street, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.

How is stamp duty calculated for properties in Neeradi Battai Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fees would amount to Rs 18,180.