Guideline Value for N.A.S.GARDEN

N.A.S.Garden guideline value

The current guideline value of N.A.S.Garden is Rs 2,900 per sq.ft, effective from 1 July 2024. This area is located in Korattur village and falls under the Villivakkam SRO. The land classification for this street is Residential Class II Type - II.

How the guideline value of N.A.S.Garden has changed

Over the years, the guideline value of N.A.S.Garden has seen significant changes. The earliest recorded figure is from 2007, where the guideline value was Rs 375 per sq.ft. This figure rose dramatically to Rs 2,700 per sq.ft in 2012, marking an increase of 620%. The value remained unchanged at Rs 2,700 per sq.ft until the 2023 revision, which set it at Rs 2,900 per sq.ft, reflecting a 7% increase.

The current guideline value of Rs 2,900 per sq.ft was established in the 2024 revision. Overall, from 2007 to 2024, the guideline value has increased by 673%. The register does not contain figures for the years 2017, 2003, and 2002 for this street.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO, with guideline values ranging from Rs 1,100 to Rs 8,200 per sq.ft. The median guideline value for the area is Rs 2,500 per sq.ft, placing N.A.S.Garden's 2024 figure above this median.

• N.A.S.Avenue: Rs 2,900 per sq.ft (2024)
• National High Ways Road: Rs 2,900 per sq.ft (2024)
• Nammalvar Nagar: Rs 2,100 per sq.ft (2024)
• Nagavalli Nagar: Rs 2,500 per sq.ft (2024)
• Nagathamman Koil Street: Rs 2,900 per sq.ft (2024)
• Nagamman Nagar: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in N.A.S.Garden

For a 1,000 sq.ft plot at the current rate of Rs 2,900 per sq.ft, the guideline value amounts to Rs 29,00,000. The stamp duty at 7% would be Rs 2,03,000, and the registration fee at 2% would be Rs 58,000, bringing the total to Rs 2,61,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers N.A.S.Garden?

The Sub Registrar Office that covers N.A.S.Garden is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for additional information.

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

The guideline value plays a crucial role during the registration of property transactions in Korattur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling a property.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of N.A.S.Garden?

The current guideline value of N.A.S.Garden is Rs 2,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 375 per sq.ft in 2007 to Rs 2,900 per sq.ft in 2024, marking an overall increase of 673% over the years.

What is the stamp duty for property in N.A.S.Garden?

The stamp duty for property in N.A.S.Garden is 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a stamp duty of Rs 2,03,000.

Where can I find the Sub Registrar Office for N.A.S.Garden?

The Sub Registrar Office for N.A.S.Garden is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

What is the land classification for N.A.S.Garden?

The land classification for N.A.S.Garden is Residential Class II Type - II, indicating its designated use for residential purposes.