Guideline Value for N.S.A. Nagar

N.S.A. Nagar guideline value

The current guideline value of N.S.A. Nagar, located in Amarampedu village under the Sriperumpudur SRO, is Rs 150 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

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

The guideline value for N.S.A. Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged in the subsequent 2017 revision, where it also stood at Rs 150 per sq.ft. However, in 2017, the value was previously Rs 100 per sq.ft in 2012, marking a 50% increase from 2017 to 2023, where it again remained at Rs 150 per sq.ft. The 2024 revision reflects no change from the 2023 figure, maintaining the value at Rs 150 per sq.ft.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained stable, showing a 0% change.

Guideline values in Amarampedu

In Amarampedu, there are 45 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 500 per sq.ft, with a median value of Rs 200 per sq.ft. The guideline value of N.S.A. Nagar is below this median.

• N.S.C. Bose Street: Rs 150 per sq.ft (2024)
• Pachaiamman Koil Street: Rs 150 per sq.ft (2024)
• Parvathi Nagar Extn: Rs 350 per sq.ft (2024)
• Parvathi Nagar Part 1: Rs 350 per sq.ft (2024)
• Parvathi Nagar Part 2: Rs 350 per sq.ft (2024)
• Perumal Koil Street: Rs 350 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 1,50,000. The stamp duty is charged at 7%, totaling Rs 10,500, and the registration fee is 2%, amounting to Rs 3,000. Therefore, the total cost for stamp duty and registration fees would be Rs 13,500. Duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers N.S.A. Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the property registration process in Amarampedu. It is used to determine the stamp duty and registration fees that are payable when a property is bought or sold, ensuring that the transaction is officially recorded with the government.

When you register a property, the guideline value is compared to 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.S.A. Nagar?

The current guideline value of N.S.A. Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft since 2012, with a significant increase of 50% from Rs 100 per sq.ft in 2017 to 2023. There has been no change from 2023 to 2024.

What are the other streets in Amarampedu with their guideline values?

Other streets in Amarampedu include N.S.C. Bose Street and Pachaiamman Koil Street, both valued at Rs 150 per sq.ft in 2024, while streets like Parvathi Nagar Extn, Part 1, Part 2, and Perumal Koil Street are valued at Rs 350 per sq.ft.

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

The Sub Registrar Office for N.S.A. Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in N.S.A. Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500 at a rate of 7%.