Guideline Value for NACHIAR AVENUE

Nachiar Avenue guideline value

The current guideline value of Nachiar Avenue, located in Kavanur village under the Gooduvancheri SRO, is Rs 1,000 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - IV.

How the guideline value of Nachiar Avenue has changed

The guideline value for Nachiar Avenue has seen significant changes over the years. The register shows that the value was Rs 536 per sq.ft in the 2017 revision. This figure remained unchanged at Rs 1,000 per sq.ft in the 2023 revision and has continued at the same rate in the 2024 revision, indicating a 0% change from 2023 to 2024. Overall, from 2017 to 2024, the guideline value has increased by 87%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Nachiar Avenue. This lack of data means we cannot assess any changes during those years, but the significant increase from 2017 to 2024 is noteworthy.

Guideline values in Kavanur

In Kavanur, there are 109 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 2,239 per sq.ft, with a median value of Rs 800 per sq.ft. The guideline value for Nachiar Avenue is above this median, reflecting its position in the local market.

• Nedunsalai Thittam Nagar-6: Rs 800 per sq.ft (2024)
• Nehru Nagar: Rs 800 per sq.ft (2024)
• M.M Nagar: Rs 800 per sq.ft (2024)
• NEW Chennai City: Rs 800 per sq.ft (2024)
• New Chennai City Phase - I: Rs 670 per sq.ft (2024)
• Padavattamman Koil Street: Rs 747 per sq.ft (2024)

Stamp duty and registration fee for property in Nachiar Avenue

For a property with a size of 1,000 sq.ft at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. 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 Nachiar Avenue?

The Sub Registrar Office that covers Nachiar Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration of property transactions in Kavanur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that properties are not undervalued during the sale process.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures transparency and compliance with local regulations, making it essential for both buyers and sellers to be aware of the current guideline values.

Frequently asked questions

What is the current guideline value of Nachiar Avenue?

The current guideline value of Nachiar Avenue is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Nachiar Avenue has increased from Rs 536 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2024, reflecting an overall increase of 87% over this period.

What are the stamp duty and registration fees for properties in Nachiar Avenue?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000.

Which office handles property registrations for Nachiar Avenue?

The Gooduvancheri Sub Registrar Office handles property registrations for Nachiar Avenue, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

What is the land classification for Nachiar Avenue?

The land classification for Nachiar Avenue is Residential Special Type - IV, indicating its designated use for residential purposes.