Guideline Value for Hindu Nagar

Hindu Nagar guideline value

The current guideline value of Hindu Nagar, located in Nariyampakkam village under the Sriperumpudur SRO, is Rs 250 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Hindu Nagar has changed

Looking at the revisions, the guideline value for Hindu Nagar has seen several changes over the years. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 167 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 50%, bringing it back to Rs 250 per sq.ft. The 2024 revision also maintains this figure, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the only available revisions are from 2012, 2017, 2023, and the current 2024 revision.

Guideline values in Nariyampakkam

Nariyampakkam has 17 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 600 per sq.ft, with a median value of Rs 250 per sq.ft. The guideline value for Hindu Nagar aligns with this median.

• GV Nagar: Rs 600 per sq.ft (2024)
• Jeya Nagar: Rs 250 per sq.ft (2024)
• Kaliamman Koil Street: Rs 250 per sq.ft (2024)
• Annai Indira Gandhi Salai: Rs 250 per sq.ft (2024)
• Alwar Thiru Nagar: Rs 300 per sq.ft (2024)
• Pallavan street: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Hindu Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, leading to a total of Rs 22,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Hindu Nagar?

The Sub Registrar Office that covers Hindu Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Nariyampakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When a property transaction occurs, the guideline value helps determine the official value of the property, which is used to assess the applicable taxes. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Hindu Nagar?

The current guideline value of Hindu Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft since 2012, saw a decrease to Rs 167 per sq.ft in 2017, and then returned to Rs 250 per sq.ft in both 2023 and 2024.

What are the other streets in Nariyampakkam and their guideline values?

Other streets in Nariyampakkam include GV Nagar at Rs 600 per sq.ft, Jeya Nagar at Rs 250 per sq.ft, Kaliamman Koil Street at Rs 250 per sq.ft, Annai Indira Gandhi Salai at Rs 250 per sq.ft, Alwar Thiru Nagar at Rs 300 per sq.ft, and Pallavan street at Rs 250 per sq.ft.

What is the stamp duty for property in Hindu Nagar?

The stamp duty for property in Hindu Nagar is calculated at 7% of the guideline value. For a plot valued at Rs 2,50,000, the stamp duty would amount to Rs 17,500.

Where can I find the Sub Registrar Office for Hindu Nagar?

The Sub Registrar Office for Hindu Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more details online.