Guideline Value for NAGARIROAD

Nagariroad guideline value

The current guideline value for Nagariroad in Pudupet village is Rs 250 per sq.ft, effective from 1 July 2024. This area falls under the Pallipattu Sub Registrar Office and is classified as Residential Class II Type - I.

How the guideline value of Nagariroad has changed

The guideline value for Nagariroad has seen several revisions over the years. From the 2017 revision, which was Rs 167 per sq.ft, the value increased by 50% to Rs 250 per sq.ft in the 2023 revision. The 2024 revision maintained this value at Rs 250 per sq.ft, reflecting no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 50%. The 2023 revision also recorded no change from the previous year, maintaining the value at Rs 250 per sq.ft.

Guideline values in Pudupet

Pudupet village has 42 streets under the Pallipattu SRO that carry a 2024 guideline value, ranging from Rs 102 to Rs 600 per sq.ft. The median value for these streets is Rs 350 per sq.ft, placing Nagariroad's 2024 figure below this median.

• Nagariroad Santhu: Rs 250 per sq.ft (2024)
• Munireddykandigai: Rs 126 per sq.ft (2024)
• Neru Nagar: Rs 200 per sq.ft (2024)
• Meyanstreet: Rs 126 per sq.ft (2024)
• N.S. Nagar: Rs 400 per sq.ft (2024)
• Main Road: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Nagariroad

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty is charged at 7%, which totals Rs 17,500, and the registration fee is 2%, amounting to Rs 5,000. Together, the total cost for these fees is Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nagariroad?

The Sub Registrar Office that covers Nagariroad is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Pudupet. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Nagariroad?

The current guideline value for Nagariroad in Pudupet village is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Nagariroad has increased from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2024, reflecting a 50% increase overall. The value remained unchanged from 2023 to 2024.

What is the median guideline value for streets in Pudupet?

The median guideline value for the 42 streets in Pudupet under the Pallipattu SRO is Rs 350 per sq.ft. The guideline value for Nagariroad is below this median.

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

The stamp duty for property in Nagariroad is charged at 7%, while the registration fee is 2%. For a 1,000 sq.ft plot at the current rate, the total fees amount to Rs 22,500.

Which office should I visit for property registration in Nagariroad?

The Pallipattu Sub Registrar Office covers Nagariroad. It is located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207.