Guideline Value for NADIYA NAGAR

Nadiya Nagar guideline value

The current guideline value of Nadiya Nagar, located in Matthur village under the Thiruvottiyur SRO, is Rs 1,100 per sq.ft as per the 2024 revision, effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of Nadiya Nagar has changed

The guideline value for Nadiya Nagar has seen several revisions over the years. In 2002, the value was Rs 105 per sq.ft, which increased to Rs 125 per sq.ft in 2003, marking a 19% rise. By 2007, the value had significantly jumped to Rs 400 per sq.ft, reflecting a 220% increase. The 2012 revision saw a decrease to Rs 1,000 per sq.ft, a decline of 33%. In 2017, the value rose again to Rs 670 per sq.ft, which was a 49% increase from the previous figure. The 2023 revision set the value at Rs 1,000 per sq.ft, and the latest revision in 2024 increased it to Rs 1,100 per sq.ft, a 10% rise.

There are no figures available for the years not listed in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 948%.

Guideline values in Matthur

Within Matthur village, there are 66 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,300 per sq.ft. The median value is Rs 1,100 per sq.ft, and Nadiya Nagar's 2024 figure is equal to that median.

• Muthu Nagar: Rs 1,100 per sq.ft (2024)
• Munuswamy Mudali Street: Rs 1,100 per sq.ft (2024)
• Nehruji Nagar: Rs 1,100 per sq.ft (2024)
• M.Parvathi Nagar: Rs 1,100 per sq.ft (2024)
• Nethaji Nagar: Rs 1,100 per sq.ft (2024)
• New Bhuvaneswari Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Nadiya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nadiya Nagar?

The Sub Registrar Office that covers Nadiya 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 Matthur

The guideline value is a crucial factor in the registration process for property transactions in Matthur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When buying or selling property, the guideline value ensures that the government receives the appropriate revenue from property transactions. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Nadiya Nagar?

The current guideline value of Nadiya Nagar is Rs 1,100 per sq.ft as per the 2024 revision, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 105 in 2002 to Rs 1,100 in 2024, reflecting an overall increase of 948% over the years.

What is the median guideline value in Matthur?

The median guideline value in Matthur for the year 2024 is Rs 1,100 per sq.ft, which is the same as the guideline value for Nadiya Nagar.

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

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000, and the registration fee would be Rs 22,000, totaling Rs 99,000.

Where is the Sub Registrar Office for Nadiya Nagar located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.