Guideline Value for Nukallamman Koil Street

Nukallamman Koil Street guideline value

The current guideline value of Nukallamman Koil Street is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Vedapalayam village, under the Uthiramerur SRO, and is classified as Residential Special Type - I.

How the guideline value of Nukallamman Koil Street has changed

In the 2012 revision, the guideline value was set at Rs 600 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 402 per sq.ft, marking a drop of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 600 per sq.ft. The 2024 revision has maintained this value at Rs 600 per sq.ft, indicating no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 600 per sq.ft.

Guideline values in Vedapalayam

In Vedapalayam, there are 29 streets under the Uthiramerur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 900 per sq.ft. The median value for these streets is Rs 400 per sq.ft, positioning Nukallamman Koil Street above this median.

• New Selva Seeman Extension: Rs 600 per sq.ft (2024)
• Narasima Nagar: Rs 400 per sq.ft (2024)
• Muthu Krishna Avenu: Rs 400 per sq.ft (2024)
• M.G.R Nagar: Rs 400 per sq.ft (2024)
• Prabhu Avenu: Rs 400 per sq.ft (2024)
• Mannan Kodisai 3st Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Nukallamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. 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 Nukallamman Koil Street?

The Sub Registrar Office that covers Nukallamman Koil Street is the Uthiramerur Sub Registrar Office, 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 Vedapalayam

The guideline value plays a crucial role during the registration of property transactions in Vedapalayam. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value is considered to ensure compliance with legal requirements. It serves as a benchmark for the minimum value at which the property can be registered, thereby safeguarding the interests of both buyers and sellers.

Frequently asked questions

What is the current guideline value for Nukallamman Koil Street?

The current guideline value for Nukallamman Koil Street is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent being Rs 600 per sq.ft since 2023. The value decreased to Rs 402 per sq.ft in 2017, but has since returned to Rs 600 per sq.ft.

What are the stamp duty and registration fees for property in this area?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 54,000.

Which office handles property registrations for Nukallamman Koil Street?

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

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the minimum value for property registration and the applicable stamp duty and registration fees. It ensures that property transactions are conducted legally and transparently.