Guideline Value for N.P.NAGAR

N.P.Nagar guideline value

The current guideline value of N.P.Nagar, located in Perumattu Nellore village under the Chengleput Joint II SRO, is Rs 1,717 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Mixed Special Type - I.

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

The guideline value register shows no figures for N.P.Nagar in the revisions from 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 1,717 per sq.ft, which remained unchanged in the 2024 revision, indicating a 0% increase between these two years.

Thus, the guideline value for N.P.Nagar has been consistent at Rs 1,717 per sq.ft in both the 2023 and 2024 revisions. This stability reflects the current valuation set by the Registration Department's guideline value register.

Guideline values in Perumattu Nellore

In Perumattu Nellore, there are 83 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 500 to Rs 2,850 per sq.ft. The median value for these streets is Rs 700 per sq.ft, placing N.P.Nagar's 2024 figure above this median.

• Natesan Nagar: Rs 500 per sq.ft (2024)
• Panbunagar: Rs 700 per sq.ft (2024)
• Patel Nagar: Rs 500 per sq.ft (2024)
• Pillayar Koil St: Rs 700 per sq.ft (2024)
• Radiant Avenue: Rs 2,500 per sq.ft (2024)
• Manickam Nagar: Rs 700 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 1,717 per sq.ft, the total guideline value would be Rs 17,17,000. The stamp duty at 7% would be Rs 1,20,190, and the registration fee at 2% would be Rs 34,340, making the total fees together Rs 1,54,530. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers N.P.Nagar?

The Sub Registrar Office that covers N.P.Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. For more information, you can find your SRO.

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

When buying or selling property in Perumattu Nellore, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is established by the Registration Department and serves as a reference point for property transactions.

At the time of registration, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This means that understanding the guideline value is essential for both buyers and sellers to ensure compliance with legal requirements and to accurately calculate the associated costs.

Frequently asked questions

What is the current guideline value for N.P.Nagar?

The current guideline value for N.P.Nagar is Rs 1,717 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 stable at Rs 1,717 per sq.ft in both the 2023 and 2024 revisions, with no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for N.P.Nagar?

The land classification for N.P.Nagar is Mixed Special Type - I, which indicates the type of development and usage permitted in the area.

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

The Chengleput Joint II Sub Registrar Office covers N.P.Nagar and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for property transactions in N.P.Nagar?

Stamp duty for property transactions in N.P.Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 17,17,000, the stamp duty would be Rs 1,20,190 at a rate of 7%.