Guideline Value for sriperumpudur kundrathur road

Sriperumpudur Kundrathur Road guideline value

The current guideline value for Sriperumpudur Kundrathur Road is Rs 500 per sq.ft, effective from 1 July 2024. This road is located in Nallur village, under the Sriperumpudur Sub Registrar Office (SRO). The land classification for this area is Commercial Class I Type - I.

How the guideline value of Sriperumpudur Kundrathur Road has changed

The guideline value for Sriperumpudur Kundrathur Road has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged in the 2017 revision, where it was also Rs 500 per sq.ft. However, the 2017 revision marked a significant increase from the 2017 figure of Rs 335 per sq.ft, reflecting a 49% rise. The 2023 revision maintained the value at Rs 500 per sq.ft, and the 2024 revision also kept it at Rs 500 per sq.ft, indicating no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has not changed, remaining at Rs 500 per sq.ft.

Guideline values in Nallur

Nallur village has a total of 33 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 126 to Rs 700 per sq.ft. The median guideline value for these streets is Rs 250 per sq.ft, placing Sriperumpudur Kundrathur Road above this median with its current value of Rs 500 per sq.ft.

• Sri Sastha Nagar: Rs 350 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 350 per sq.ft (2024)
• Sri Balaji Nagar Part-II: Rs 250 per sq.ft (2024)
• Sri Balaji Nagar Part-I: Rs 250 per sq.ft (2024)
• Sri Balaji Nagar: Rs 250 per sq.ft (2024)
• S.R. Garden: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Sriperumpudur Kundrathur Road

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sriperumpudur Kundrathur Road?

The Sub Registrar Office that covers Sriperumpudur Kundrathur Road is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Nallur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid to the government. Buyers and sellers must be aware that the guideline value is used to calculate these fees, ensuring compliance with local regulations.

When a property is sold, the guideline value is compared to the sale price. The higher of the two is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value for Sriperumpudur Kundrathur Road?

The current guideline value for Sriperumpudur Kundrathur Road is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft since the 2012 revision. It increased from Rs 335 per sq.ft in 2017, marking a 49% rise, but has not changed from 2017 to 2024.

What is the land classification for Sriperumpudur Kundrathur Road?

The land classification for Sriperumpudur Kundrathur Road is Commercial Class I Type - I, indicating its suitability for commercial activities.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Sriperumpudur Kundrathur Road is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Nallur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 5,00,000, the stamp duty at 7% would be Rs 35,000.