Guideline Value for Nelpadi Street

Nelpadi Street guideline value

The current guideline value of Nelpadi Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-B village, under the Kunrathur SRO, and is classified as Mixed Special Type - III.

How the guideline value of Nelpadi Street has changed

The guideline value for Nelpadi Street has seen significant changes over the years. In the 2017 revision, the value was Rs 1,072 per sq.ft. This increased to Rs 1,600 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 1,760 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kunrathour-B

In Kunrathour-B village, there are 325 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value for these streets is Rs 1,540 per sq.ft, positioning Nelpadi Street's 2024 value above this median.

• Natham South Side: Rs 1,760 per sq.ft (2024)
• Natham North Side: Rs 1,760 per sq.ft (2024)
• NGS Enclave, K.Manikkam Salai: Rs 1,540 per sq.ft (2024)
• North Thoppu Street - I: Rs 1,760 per sq.ft (2024)
• North Thoppu Street - II: Rs 1,760 per sq.ft (2024)
• Nalleeswarar Nagar 7th Cross Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Nelpadi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total cost for these fees to Rs 1,58,400. It is essential 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 Nelpadi Street?

The Sub Registrar Office that covers Nelpadi Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value plays a crucial role in the registration process when buying or selling property in Kunrathour-B. It is used to determine the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is considered to ensure that the transaction is recorded at a fair value, which helps maintain transparency in the real estate market. Buyers and sellers must be aware of these values to accurately calculate their costs during the registration process.

Frequently asked questions

What is the current guideline value of Nelpadi Street?

The current guideline value of Nelpadi Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2017 to 2024?

The guideline value has increased by 64% from Rs 1,072 per sq.ft in 2017 to Rs 1,760 per sq.ft in 2024.

What is the land classification for Nelpadi Street?

Nelpadi Street is classified as Mixed Special Type - III.

What are the other streets in Kunrathour-B with the same guideline value?

Other streets in Kunrathour-B with a guideline value of Rs 1,760 per sq.ft include Natham South Side, Natham North Side, North Thoppu Street - I, North Thoppu Street - II, and Nalleeswarar Nagar 7th Cross Street.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.