Guideline Value for Periya chetti theru enkira gandhi street

Periya chetti theru enkira gandhi street guideline value

The current guideline value of Periya chetti theru enkira gandhi street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Nasarathpettai village, under the Poonamallee SRO, and is classified as Residential Class I Type - I.

How the guideline value of Periya chetti theru enkira gandhi street has changed

The guideline value for Periya chetti theru enkira gandhi street has undergone several revisions over the years. In the 2007 revision, the value was Rs 300 per sq.ft. This saw a significant increase in the 2012 revision to Rs 1,200 per sq.ft, marking a 300% rise. However, in the 2017 revision, the value decreased to Rs 804 per sq.ft, representing a decline of 33%. The value then rose again to Rs 1,200 per sq.ft in the 2023 revision, and subsequently increased to Rs 1,320 per sq.ft in the 2024 revision, reflecting a 10% increase.

Overall, from 2007 to 2024, the guideline value has increased by 340%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Nasarathpettai

In Nasarathpettai, there are 19 streets under the Poonamallee SRO that carry a guideline value for 2024, ranging from Rs 1,320 to Rs 3,300 per sq.ft, with a median value of Rs 1,320 per sq.ft. Periya chetti theru enkira gandhi street's 2024 guideline value is equal to this median.

• Padasalai Street: Rs 1,320 per sq.ft (2024)
• Rajarathinam nagar: Rs 1,320 per sq.ft (2024)
• Nataraja Nagar: Rs 1,320 per sq.ft (2024)
• Mettu Street: Rs 1,320 per sq.ft (2024)
• Sathiyamoorthy Street: Rs 1,320 per sq.ft (2024)
• Shri Vaaru Avenue: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Periya chetti theru enkira gandhi street

For a 1,000 sq.ft plot at the current rate of Rs 1,320 per sq.ft, the guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Periya chetti theru enkira gandhi street?

The Sub Registrar Office that covers Periya chetti theru enkira gandhi street is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Nasarathpettai. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When a buyer registers a property, the guideline value is considered to ensure that the transaction is recorded at a fair value. This helps in maintaining transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Periya chetti theru enkira gandhi street?

The current guideline value of Periya chetti theru enkira gandhi street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 300 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 340% over the years.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which office do I need to visit for property registration in Nasarathpettai?

The Poonamallee Sub Registrar Office covers property registration for Nasarathpettai, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

How is the guideline value determined for properties in Nasarathpettai?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and location. It is revised periodically to reflect changes in the market.