Guideline Value for Nellooramman Koil Street

Nellooramman Koil Street guideline value

The current guideline value of Nellooramman Koil Street is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Kaduvancheri village under the Sriperumpudur SRO, classified as Residential Class IV Type - I.

How the guideline value of Nellooramman Koil Street has changed

Over the years, the guideline value of Nellooramman Koil Street has seen several revisions. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 100 per sq.ft. In the 2017 revision, the value was Rs 67 per sq.ft, reflecting a decrease of 33% from the 2012 revision. From 2017 to 2023, there was a significant increase of 49%, bringing it back to Rs 100 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

Currently, the guideline value stands at Rs 100 per sq.ft as per the 2024 revision. Overall, from 2012 to 2024, there has been no change in the guideline value, maintaining the rate at Rs 100 per sq.ft.

Guideline values in Kaduvancheri

Kaduvancheri village has a total of 37 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 1,500 per sq.ft. The median value for these streets is Rs 300 per sq.ft, indicating that Nellooramman Koil Street's 2024 figure is below the median.

• Om sakthi Elangaliamman Nagar: Rs 400 per sq.ft (2024)
• Pakialakshmi Nagar: Rs 250 per sq.ft (2024)
• Melamaruvathur Adhiparasakthi Nagar: Rs 300 per sq.ft (2024)
• Peninsula Housing Scheme: Rs 200 per sq.ft (2024)
• Mahidhara Supreme classic: Rs 1,210 per sq.ft (2024)
• Mahidhara Delight: Rs 1,350 per sq.ft (2024)

Stamp duty and registration fee for property in Nellooramman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, while the registration fee at 2% would be Rs 2,000, making the total charges Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nellooramman Koil Street?

The Sub Registrar Office covering Nellooramman Koil Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Kaduvancheri. 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 buyer and seller must ensure that the sale price is either equal to or higher than the guideline value. This helps in avoiding any discrepancies during the registration process and ensures compliance with the local regulations.

Frequently asked questions

What is the current guideline value of Nellooramman Koil Street?

The current guideline value of Nellooramman Koil Street is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 100 per sq.ft since 2012, with a decrease to Rs 67 per sq.ft in 2017, followed by an increase back to Rs 100 per sq.ft in 2023.

What are the other streets in Kaduvancheri and their guideline values?

Other streets in Kaduvancheri include Om sakthi Elangaliamman Nagar at Rs 400 per sq.ft, Pakialakshmi Nagar at Rs 250 per sq.ft, and Melamaruvathur Adhiparasakthi Nagar at Rs 300 per sq.ft, among others.

What is the stamp duty for property in Nellooramman Koil Street?

The stamp duty for property in Nellooramman Koil Street is 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, this would amount to Rs 7,000.

Which office handles registrations for Nellooramman Koil Street?

The Sriperumpudur Sub Registrar Office handles registrations for Nellooramman Koil Street, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.