Guideline Value for NAHAR BACK WATERS

Nahar Back Waters guideline value

The current guideline value of Nahar Back Waters is Rs 500 per sq.ft, as per the 2023 revision. This area is located in Nemmeli village under the Thiruporur SRO, with a land classification of Residential Class II Type - I.

How the guideline value of Nahar Back Waters has changed

The guideline value for Nahar Back Waters has seen several revisions over the years. In the 2012 revision, the value was set at Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in the 2017 revision, marking a decline of 33%. The most recent revision in 2023 saw an increase to Rs 500 per sq.ft, reflecting a rise of 24% from the 2017 figure. Overall, from 2012 to 2023, the guideline value has decreased by 17%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street. This lack of data means that the changes in guideline value between those years cannot be assessed.

Guideline values in Nemmeli

Currently, no specific village figures are provided for Nemmeli. Nahar Back Waters is one of the streets under the Thiruporur SRO.

Stamp duty and registration fee for property in Nahar Back Waters

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total to Rs 45,000. It is essential to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nahar Back Waters?

The Nahar Back Waters area is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nemmeli. It serves as a benchmark for calculating the stamp duty and registration fees, which are mandatory for property transactions.

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

Frequently asked questions

What is the current guideline value of Nahar Back Waters?

The current guideline value of Nahar Back Waters is Rs 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 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, and then increased to Rs 500 per sq.ft in 2023. Overall, there has been a 17% decrease from 2012 to 2023.

What are the stamp duty and registration fees for property in Nahar Back Waters?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 5,00,000, the total stamp duty and registration fees would amount to Rs 45,000.

Which Sub Registrar Office covers Nahar Back Waters?

The Thiruporur Sub Registrar Office covers Nahar Back Waters, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

Are there any other streets in Nemmeli with guideline values?

No specific figures for other streets in Nemmeli have been provided at this time, and Nahar Back Waters is the only street mentioned under the Thiruporur SRO.