Guideline Value for NADHIYA NAGAR

Nadhiya Nagar guideline value

The current guideline value of Nadhiya Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This locality is situated in Nanthiambakkam village, under the Thiruvottiyur SRO, and is classified as Residential Special Type - II.

How the guideline value of Nadhiya Nagar has changed

The guideline value for Nadhiya Nagar has undergone several revisions over the years. In 2003, the value was Rs 28 per sq.ft, which increased to Rs 50 per sq.ft in 2007. The value saw a significant jump of 500% to Rs 300 per sq.ft in 2012, followed by a decrease of 33% to Rs 201 per sq.ft in 2017. The 2023 revision set the value at Rs 300 per sq.ft, and the latest revision in 2024 raised it to Rs 330 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 1079%. It is important to note that the register has no figure for Nadhiya Nagar in 2002.

Guideline values in Nanthiambakkam

Nadhiya Nagar's guideline value of Rs 330 per sq.ft aligns with the median value of Rs 330 per sq.ft among the 85 streets in Nanthiambakkam under the Thiruvottiyur SRO, which range from Rs 275 to Rs 770 per sq.ft.

• Murugan Koil Street: Rs 330 per sq.ft (2024)
• Navaneetham Nagar: Rs 330 per sq.ft (2024)
• Nethaji Nagar: Rs 330 per sq.ft (2024)
• Nethaji Nagar All Phases/Parts: Rs 330 per sq.ft (2024)
• Nethiji Nagar Ext.: Rs 330 per sq.ft (2024)
• M.J.Muthusubramani Nagar: Rs 627 per sq.ft (2024)

Stamp duty and registration fee for property in Nadhiya Nagar

For a 1,000 sq.ft plot at the current rate of Rs 330 per sq.ft, the guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, totaling Rs 29,700. 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 further calculations.

Which Sub Registrar Office covers Nadhiya Nagar?

The Sub Registrar Office that covers Nadhiya Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nanthiambakkam. It is used to determine the stamp duty and registration fees payable at the time of registration.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the state receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Nadhiya Nagar?

The current guideline value of Nadhiya Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 28 per sq.ft in 2003 to Rs 330 per sq.ft in 2024, reflecting an overall increase of 1079% over this period.

What are the stamp duty and registration fees for property in Nadhiya Nagar?

For a property valued at Rs 3,30,000, the stamp duty would be Rs 23,100 and the registration fee would be Rs 6,600, totaling Rs 29,700.

Which office handles registrations in Nadhiya Nagar?

The Thiruvottiyur Sub Registrar Office handles registrations for Nadhiya Nagar, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the guideline value determined for properties?

The guideline value is determined by the registration department and is used to calculate the stamp duty and registration fees during property transactions. It is based on various factors, including land classification and locality.