Guideline Value for NAGALINGAM NAGAR

Nagalingam Nagar guideline value

The current guideline value of Nagalingam Nagar is Rs 1,500 per sq.ft, as per the 2023 revision. This area falls under Urapakkam village and is classified as Residential Special Type - II. The relevant Sub Registrar Office for this location is the Gooduvancheri SRO.

How the guideline value of Nagalingam Nagar has changed

Over the years, the guideline value of Nagalingam Nagar has experienced several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged in the 2023 revision. However, the 2017 revision saw a decrease to Rs 1,005 per sq.ft, representing a decline of 33%. Subsequently, the value increased by 49% from 2017 to 2023, bringing it back to Rs 1,500 per sq.ft.

The register does not have figures for the revisions in 2002, 2003, 2007, and 2024 for this street. Overall, from 2012 to 2023, the guideline value has remained the same, with no net change.

Guideline values in Urapakkam

Currently, there are no specific village figures available for Urapakkam. Nagalingam Nagar is one of the streets under the jurisdiction of the Gooduvancheri SRO.

Stamp duty and registration fee for property in Nagalingam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Nagalingam Nagar?

The Sub Registrar Office that covers Nagalingam Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. For more information, you can find your SRO.

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

When buying or selling property in Urapakkam, the guideline value is a crucial factor during the registration process. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

The guidelines ensure that the fees are calculated based on a standardized value, which helps maintain transparency in property transactions. Buyers and sellers should be aware of the current guideline value to estimate their costs accurately.

Frequently asked questions

What is the current guideline value of Nagalingam Nagar?

The current guideline value of Nagalingam Nagar is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, and then back to Rs 1,500 per sq.ft in 2023. The overall change from 2012 to 2023 is 0%.

What is the stamp duty rate for property in Nagalingam Nagar?

The stamp duty rate for property in Nagalingam Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Gooduvancheri SRO?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is the registration fee calculated for properties in Nagalingam Nagar?

The registration fee is calculated at 2% of the guideline value or the sale price, whichever is higher. This fee is in addition to the stamp duty.