Guideline Value for N.S. NAGAR

N.S. Nagar guideline value

The current guideline value of N.S. Nagar, located in Pudupet village under the Pallipattu SRO, is Rs 400 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

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

In the 2017 revision, the guideline value for N.S. Nagar was Rs 268 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 400 per sq.ft. The most recent revision in 2024 confirmed the guideline value at Rs 400 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 400 per sq.ft in 2023. Overall, from 2017 to 2024, the guideline value has increased by 49% as well, maintaining the same rate in the subsequent revisions.

Guideline values in Pudupet

Pudupet village has 42 streets under the Pallipattu SRO that carry a 2024 guideline value ranging from Rs 102 to Rs 600 per sq.ft, with a median value of Rs 350 per sq.ft. N.S. Nagar's 2024 figure of Rs 400 per sq.ft is above this median.

• Neru Nagar: Rs 200 per sq.ft (2024)
• Nagariroad Santhu: Rs 250 per sq.ft (2024)
• Nagariroad: Rs 250 per sq.ft (2024)
• Policequaters Backside: Rs 250 per sq.ft (2024)
• Munireddykandigai: Rs 126 per sq.ft (2024)
• Postoffice Street: Rs 350 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers N.S. Nagar?

The Sub Registrar Office that covers N.S. Nagar is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Pudupet, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that need to be paid during the transaction.

When buying or selling property, it is essential to be aware of the guideline value, as it ensures compliance with the legal requirements for property registration. Buyers and sellers should consider this value when negotiating sale prices to avoid discrepancies during registration.

Frequently asked questions

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

The current guideline value of N.S. Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, remaining unchanged in 2024. This represents a total increase of 49% from 2017 to 2024.

What are the guideline values of other streets in Pudupet?

Other streets in Pudupet have varying guideline values, with rates ranging from Rs 102 to Rs 600 per sq.ft. For example, Neru Nagar has a guideline value of Rs 200 per sq.ft, while Postoffice Street is valued at Rs 350 per sq.ft.

How is stamp duty calculated for property in N.S. Nagar?

Stamp duty for property in N.S. Nagar is calculated based on the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 28,000.

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

The Sub Registrar Office covering N.S. Nagar is located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207. You can find more information about your SRO online.