Guideline Value for R.N.NAMBIAR LANE

R.N.Nambiar Lane guideline value

The current guideline value of R.N.Nambiar Lane in Puliyur village, under the Kodambakkam SRO, is Rs 4,600 per sq.ft, effective from 1 July 2024. This lane falls under the Residential Class IV Type - I land classification.

How the guideline value of R.N.Nambiar Lane has changed

The guideline value for R.N.Nambiar Lane has seen several revisions over the years. In 2007, the value was Rs 1,300 per sq.ft, which increased significantly to Rs 4,300 per sq.ft in 2012. However, this figure dropped to Rs 2,881 per sq.ft in 2017. The subsequent revision in 2023 raised the value to Rs 4,300 per sq.ft, and the latest revision for 2024 has set the value at Rs 4,600 per sq.ft. The changes between these revisions include a 231% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 7% increase from 2023 to 2024.

It is important to note that the guideline value register does not contain figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 254%.

Guideline values in Puliyur

Within Puliyur village, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, placing R.N.Nambiar Lane's current value below this median.

• R.N.Nambiar Street: Rs 5,800 per sq.ft (2024)
• R.S.Ambari Street: Rs 5,800 per sq.ft (2024)
• Rathinasabapathi Street: Rs 4,600 per sq.ft (2024)
• Rathinammal Street, Kodambakkam: Rs 8,200 per sq.ft (2024)
• Rathinammal 2nd Street, Aminjikarai: Rs 7,100 per sq.ft (2024)
• Rathinammal 1st Street, Aminjikarai: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in R.N.Nambiar Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 4,600 per sq.ft, the total guideline value would be Rs 46,00,000. The stamp duty at 7% would amount to Rs 3,22,000, while the registration fee at 2% would be Rs 92,000, bringing the total cost for these fees to Rs 4,14,000. It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers R.N.Nambiar Lane?

The Sub Registrar Office that covers R.N.Nambiar Lane is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Puliyur. When buying or selling property, this value is used to determine the stamp duty and registration fees payable at the time of registration. It ensures that the transaction is recorded at a fair value, reflecting the current market conditions.

Frequently asked questions

What is the current guideline value of R.N.Nambiar Lane?

The current guideline value of R.N.Nambiar Lane is Rs 4,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,300 per sq.ft in 2007 to Rs 4,600 per sq.ft in 2024, reflecting an overall increase of 254% over this period.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions is currently set at 7% of the guideline value or the sale price, whichever is higher.

Where is the Kodambakkam Sub Registrar Office located?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It is essential for ensuring that transactions are recorded at a fair value, reflecting current market conditions.