Guideline Value for N.P.R. Nagar

N.P.R. Nagar guideline value

The current guideline value for N.P.R. Nagar, located in Nandhivaram village under the Gooduvancheri SRO, is Rs 2,000 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - II.

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

The guideline value for N.P.R. Nagar has undergone several revisions over the years. In 2002, the value was Rs 107 per sq.ft, which increased significantly to Rs 328 per sq.ft in 2007. This was followed by a substantial jump to Rs 2,000 per sq.ft in 2012. However, the value saw a decrease to Rs 1,340 per sq.ft in 2017. The most recent revisions in 2023 and 2024 maintained the guideline value at Rs 2,000 per sq.ft, indicating no change between these two years. The register has no figure for this street in 2003.

From 2002 to 2024, the overall change in the guideline value is an increase of 1,769%. The largest change occurred between 2007 and 2012, with a remarkable increase of 510%. Conversely, the period from 2012 to 2017 saw a decrease of 33%, followed by a significant increase of 49% from 2017 to 2023.

Guideline values in Nandhivaram

Nandhivaram village has 169 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,500 per sq.ft, placing N.P.R. Nagar's 2024 figure above this median.

• N.R.S. Nagar: Rs 1,500 per sq.ft (2024)
• Om Sakthi Nagar: Rs 1,500 per sq.ft (2024)
• Omsakthi Nagr: Rs 1,000 per sq.ft (2024)
• Nellikuppam Road: Rs 2,000 per sq.ft (2024)
• Padma Avenue: Rs 1,000 per sq.ft (2024)
• Padmavathi Nagar 1 & 2: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in N.P.R. Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value amounts to 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 fees 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 more details.

Which Sub Registrar Office covers N.P.R. Nagar?

The Sub Registrar Office that covers N.P.R. Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nandhivaram. It is used to calculate the stamp duty and registration fees, which are mandatory for property transactions. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will determine the applicable fees.

When registering a property, it is essential to refer to the guideline value to ensure compliance with local regulations. This value is updated periodically, reflecting changes in the real estate landscape and is crucial for both buyers and sellers to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of N.P.R. Nagar?

The current guideline value of N.P.R. Nagar is Rs 2,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 107 per sq.ft in 2002 to Rs 2,000 per sq.ft in 2024, reflecting an overall increase of 1,769% over this period.

What are the stamp duty and registration fees for property in N.P.R. Nagar?

For a property valued at Rs 20,00,000, the stamp duty would be Rs 1,40,000, and the registration fee would be Rs 40,000, totaling Rs 1,80,000.

Which Sub Registrar Office covers N.P.R. Nagar?

The Gooduvancheri Sub Registrar Office covers N.P.R. Nagar, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone.

What is the median guideline value in Nandhivaram?

The median guideline value for streets in Nandhivaram under the Gooduvancheri SRO is Rs 1,500 per sq.ft, with N.P.R. Nagar's value being above this median.