Guideline Value for BEST NAGAR

Best Nagar guideline value

The current guideline value for Best Nagar, located in Kattur village under the Ponneri SRO, is Rs 100 per sq.ft as per the 2024 revision effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Best Nagar has changed

The guideline value for Best Nagar has undergone several revisions over the years. In the 2017 revision, the guideline value was set at Rs 67 per sq.ft. This figure increased to Rs 100 per sq.ft in the 2023 revision, marking a 49% increase. The current 2024 revision also maintains the guideline value at Rs 100 per sq.ft, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Kattur

In Kattur village, there are 11 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 100 per sq.ft, with a median of Rs 100 per sq.ft. Best Nagar's 2024 guideline value aligns perfectly with this median.

• Mahendra City: Rs 100 per sq.ft (2024)
• Mesiya Garden: Rs 100 per sq.ft (2024)
• Messiah Garden: Rs 100 per sq.ft (2024)
• Om Enterprises: Rs 100 per sq.ft (2024)
• Santhosam Nagar: Rs 100 per sq.ft (2024)
• Sri Ayyanar Colony: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Best Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total fees to Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Best Nagar?

The Best Nagar area falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For more information, you can find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Kattur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that both buyers and sellers adhere to the legal requirements set forth by the Registration Department.

When buying or selling property, the guideline value helps in establishing a fair transaction value. It is essential for buyers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Best Nagar?

The current guideline value of Best Nagar is Rs 100 per sq.ft, as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Best Nagar has changed from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in 2023 and 2024, marking a 49% increase overall from 2017 to 2024.

What is the land classification for Best Nagar?

Best Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles registrations for properties in Best Nagar.

How do I calculate stamp duty and registration fees?

Stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For example, for a 1,000 sq.ft plot valued at Rs 1,00,000, the total fees would amount to Rs 9,000.