Guideline Value for N.M.Nagar

N.M.Nagar guideline value

The current guideline value of N.M.Nagar, located in Naduveerapattu village under the Padappai SRO, is Rs 1,210 per sq.ft. This rate is effective from 1 July 2024 and falls under the Commercial Class I Type - II land classification.

How the guideline value of N.M.Nagar has changed

The guideline value for N.M.Nagar has seen revisions over the years, with the most recent change occurring in 2024, where it increased to Rs 1,210 per sq.ft from Rs 1,100 per sq.ft in 2023. This represents a change of +10% from the previous year.

Prior to the 2023 revision, the register does not have figures for the years 2017, 2012, 2007, 2003, and 2002 for this street. Therefore, the only recorded figures in the register are from 2023 and 2024.

Guideline values in Naduveerapattu

Naduveerapattu village has a total of 96 streets under the Padappai SRO, with guideline values for 2024 ranging from Rs 330 to Rs 2,500 per sq.ft. The median guideline value for these streets is Rs 660 per sq.ft, placing N.M.Nagar's 2024 figure above this median.

• Pari Nagar: Rs 330 per sq.ft (2024)
• Periyapalayathamman Kovil Street: Rs 830 per sq.ft (2024)
• P.G.S Green Land: Rs 660 per sq.ft (2024)
• P.G.S GreenLand Phase-II: Rs 660 per sq.ft (2024)
• M.M Nagar Extn-I: Rs 770 per sq.ft (2024)
• M.M Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in N.M.Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value amounts to Rs 12,10,000. The stamp duty at 7% would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, bringing the total fees to Rs 1,08,900. It is important to note that 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 N.M.Nagar?

The Sub Registrar Office that covers N.M.Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Naduveerapattu. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that transactions are conducted fairly and transparently.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for completing the sale. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of N.M.Nagar?

The current guideline value of N.M.Nagar is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 1,100 per sq.ft in 2023 to Rs 1,210 per sq.ft in 2024, marking a change of +10%. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the median guideline value in Naduveerapattu?

The median guideline value for streets in Naduveerapattu is Rs 660 per sq.ft. N.M.Nagar's 2024 guideline value is above this median.

Where is the Padappai Sub Registrar Office located?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How are stamp duty and registration fees calculated in N.M.Nagar?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. For a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 1,08,900.