Guideline Value for NAGARATHINAM NAGAR

Nagarathinam Nagar guideline value

The current guideline value of Nagarathinam Nagar, located in Vilingiyambakkam village under the Avadi SRO, is Rs 810 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - III.

How the guideline value of Nagarathinam Nagar has changed

The guideline value for Nagarathinam Nagar has seen several revisions over the years. Starting from the 2003 revision, the value was Rs 96 per sq.ft. This increased to Rs 250 per sq.ft in 2007, followed by a significant jump to Rs 650 per sq.ft in 2012. However, there was a decrease to Rs 435 per sq.ft in 2017. The value then rose to Rs 650 per sq.ft in 2023, and finally, it reached Rs 810 per sq.ft in the 2024 revision.

Notably, the changes between these revisions reflect varying trends. The increase from Rs 650 per sq.ft in 2023 to Rs 810 per sq.ft in 2024 represents a 25% rise. The period from 2017 to 2023 saw a 49% increase, while the drop from 2012 to 2017 was 33%. The value surged by 160% from 2007 to 2012 and again by 160% from 2003 to 2007. Overall, from 2003 to 2024, the guideline value has increased by 744%. There is no figure available for the year 2002 for this street.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam village, there are 252 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft, with a median value of Rs 935 per sq.ft. The guideline value for Nagarathinam Nagar is below this median.

• Nagavalli Amman Koil St: Rs 810 per sq.ft (2024)
• Nagavalli Amman St: Rs 810 per sq.ft (2024)
• Nakkeeran St: Rs 810 per sq.ft (2024)
• Nammalvar St: Rs 935 per sq.ft (2024)
• Muthukumaran Street: Rs 1,310 per sq.ft (2024)
• Muthukrishnan St: Rs 935 per sq.ft (2024)

Stamp duty and registration fee for property in Nagarathinam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 810 per sq.ft, the total guideline value amounts to Rs 8,10,000. The stamp duty, calculated at 7%, would be Rs 56,700, and the registration fee at 2% would be Rs 16,200. Thus, the total cost for stamp duty and registration would be Rs 72,900. 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 precise calculations.

Which Sub Registrar Office covers Nagarathinam Nagar?

The Sub Registrar Office that covers Nagarathinam Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vilingiyambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is transparent and fair.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Nagarathinam Nagar?

The current guideline value of Nagarathinam Nagar is Rs 810 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 96 per sq.ft in 2003 to Rs 810 per sq.ft in 2024, reflecting various adjustments over the years.

What are the other streets with similar guideline values in Vilingiyambakkam?

Other streets in Vilingiyambakkam with a guideline value of Rs 810 per sq.ft include Nagavalli Amman Koil St, Nagavalli Amman St, and Nakkeeran St.

What are the registration fees for properties in Nagarathinam Nagar?

The registration fees for properties are based on the guideline value, with stamp duty at 7% and registration fee at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Nagarathinam Nagar?

The Sub Registrar Office for Nagarathinam Nagar is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.