Guideline Value for F D NAGAR

F D Nagar guideline value

The current guideline value of F D Nagar is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Vichoor village under the Thiruvottiyur SRO, classified as Commercial Class I Type - I.

How the guideline value of F D Nagar has changed

Over the years, the guideline value of F D Nagar has seen several revisions. The 2012 revision set the value at Rs 500 per sq.ft, which then decreased to Rs 335 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 500 per sq.ft, and the latest 2024 revision further raised it to Rs 550 per sq.ft, marking a 10% increase from the previous year. Notably, the register has no figures for this street in the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased significantly by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Vichoor

In Vichoor village, there are 45 streets under the Thiruvottiyur SRO with a 2024 guideline value range from Rs 330 to Rs 550 per sq.ft. The median value for these streets is Rs 485 per sq.ft, placing F D Nagar's 2024 figure above this median.

• Ezhil Nagar: Rs 485 per sq.ft (2024)
• Ganapathi Nagar: Rs 485 per sq.ft (2024)
• Eswaran Koil Street: Rs 440 per sq.ft (2024)
• I.J Puram: Rs 485 per sq.ft (2024)
• Jagan Nagar: Rs 485 per sq.ft (2024)
• Jagan Nagar Ext: Rs 485 per sq.ft (2024)

Stamp duty and registration fee for property in F D Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty is charged at 7%, which is Rs 38,500, and the registration fee at 2% amounts to Rs 11,000. Together, the total fees would be Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers F D Nagar?

The Sub Registrar Office that covers F D Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Vichoor. It is used to determine the stamp duty and registration fees when buying or selling property. The fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives appropriate revenue from property transactions.

When registering a property, buyers must be aware of the guideline value as it directly impacts the total cost of the transaction. Knowing the current guideline value helps in budgeting for additional costs associated with property registration.

Frequently asked questions

What is the current guideline value of F D Nagar?

The current guideline value of F D Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification of F D Nagar?

F D Nagar is classified as Commercial Class I Type - I, which indicates its suitability for commercial activities.

What are the stamp duty and registration fees for a property in F D Nagar?

For a property valued at Rs 5,50,000, the stamp duty is Rs 38,500 and the registration fee is Rs 11,000, totaling Rs 49,500.

Which Sub Registrar Office is responsible for F D Nagar?

The Thiruvottiyur Sub Registrar Office is responsible for F D Nagar, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.