Guideline Value for Neeradi East Street

Neeradi East Street guideline value

The current guideline value of Neeradi East Street is Rs 202 per sq.ft, effective from 1 July 2024. This street is located in Neeradi village, under the Uthiramerur Sub Registrar Office (SRO). The land classification for this area is Residential Special Type - IV.

How the guideline value of Neeradi East Street has changed

The guideline value for Neeradi East Street has undergone several revisions over the years. In 2012, the value was Rs 200 per sq.ft, which then decreased to Rs 134 per sq.ft in 2017. Following this, the value increased significantly to Rs 200 per sq.ft in 2023 and further rose to Rs 202 per sq.ft in 2024, marking a 1% increase from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has seen a marginal increase of 1%. The register has no figures 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 equal to the guideline value of Neeradi East Street.

• Neeradi Battai 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 East Street

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

Which Sub Registrar Office covers Neeradi East Street?

The Uthiramerur Sub Registrar Office covers Neeradi East 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 information.

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

The guideline value is a crucial factor in the registration of property transactions in Neeradi. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transfer of property ownership.

When buying or selling property, the guideline value helps ensure transparency and standardization in property transactions. It is essential for both buyers and sellers to 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 East Street?

The current guideline value of Neeradi East 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 increased 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 East Street?

The land classification for Neeradi East Street is Residential Special Type - IV.

Where can I calculate stamp duty and registration fees?

You can calculate stamp duty and registration fees using the stamp duty and registration fee calculator.

Which office handles registrations for Neeradi East Street?

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