Guideline Value for N P NAGAR

N P Nagar guideline value

The current guideline value of N P Nagar, located in Paandoor village under the Thiruporur SRO, is Rs 2,000 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Special Type - V.

How the guideline value of N P Nagar has changed

In the 2024 revision, the guideline value for N P Nagar was set at Rs 2,000 per sq.ft, which remained unchanged from the 2023 revision, where it was also Rs 2,000 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

This means that there has been no increase in the guideline value from 2023 to 2024, reflecting a stable valuation for this period. The absence of figures in earlier revisions indicates that the guideline value for N P Nagar has not been updated in those years.

Guideline values in Paandoor

In Paandoor, there are 35 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 450 to Rs 3,300 per sq.ft, with a median value of Rs 1,493 per sq.ft. The guideline value for N P Nagar is above this median.

• Om Jai Sri Sai Nagar: Rs 1,614 per sq.ft (2024)
• Mother Land: Rs 805 per sq.ft (2024)
• Krishna Enclave: Rs 600 per sq.ft (2024)
• KPN Blue Sky: Rs 1,614 per sq.ft (2024)
• Sankari Nagar: Rs 805 per sq.ft (2024)
• Senthamil Nagar: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in N P Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value would be Rs 20,00,000. The stamp duty at 7% would be Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, making the total charges Rs 1,80,000. 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 precise calculations based on your property transaction.

Which Sub Registrar Office covers N P Nagar?

The Sub Registrar Office that covers N P Nagar is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Paandoor, the guideline value ensures that the transaction is recorded at a fair value as per the local regulations.

At the time of registration, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This process helps maintain transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of N P Nagar?

The current guideline value of N P Nagar is Rs 2,000 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 N P Nagar has remained consistent at Rs 2,000 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for N P Nagar?

N P Nagar is classified as Residential Special Type - V, indicating its designation for residential development.

What are the stamp duty rates for properties in N P Nagar?

The stamp duty for properties in N P Nagar is charged at 7% of the guideline value or sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

Where can I find the Sub Registrar Office for N P Nagar?

The Sub Registrar Office for N P Nagar is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. This office handles all registration processes for properties in the area.