Guideline Value for NAHAR ENCLAVE

Nahar Enclave guideline value

The current guideline value of Nahar Enclave is Rs 1,110 per sq.ft, effective from 1 July 2024. This area is located in Puthur village under the Tambaram Joint 1 SRO, classified as Residential Class I Type - III.

How the guideline value of Nahar Enclave has changed

The guideline value for Nahar Enclave has seen several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft. This was followed by a significant increase in the 2023 revision, which raised the value to Rs 1,005 per sq.ft, marking a 50% increase from the 2017 figure. The most recent revision in 2024 has further increased the guideline value to Rs 1,110 per sq.ft, reflecting a 10% rise from the previous year.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Overall, from 2017 to 2024, the guideline value has increased by 66%.

Guideline values in Puthur

Puthur village has a total of 63 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 330 to Rs 4,600 per sq.ft. The median guideline value for the village is Rs 1,100 per sq.ft, and Nahar Enclave's 2024 figure is above this median.

• Nagarathinam Avenue: Rs 770 per sq.ft (2024)
• Muthu Housing Colony: Rs 1,100 per sq.ft (2024)
• Murugan Nagar & J.P. Avenue: Rs 2,200 per sq.ft (2024)
• Murugan Enclave: Rs 1,650 per sq.ft (2024)
• Murugan Avenue Phase V: Rs 1,100 per sq.ft (2024)
• Murugan Avenue Phase IV: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Nahar Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 1,110 per sq.ft, the total guideline value is Rs 11,10,000. The stamp duty at 7% would be Rs 77,700, and the registration fee at 2% would be Rs 22,200, resulting in a total of Rs 99,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Nahar Enclave?

The Sub Registrar Office that covers Nahar Enclave is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Puthur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for legal ownership transfer. Buyers must be aware that these fees are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Nahar Enclave?

The current guideline value of Nahar Enclave is Rs 1,110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 670 per sq.ft in 2017 to Rs 1,110 per sq.ft in 2024, reflecting an overall increase of 66% over this period.

What is the median guideline value in Puthur?

The median guideline value in Puthur village is Rs 1,100 per sq.ft, with Nahar Enclave's value being above this median.

Where is the Tambaram Joint 1 Sub Registrar Office located?

The Tambaram Joint 1 Sub Registrar Office is located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the same. For example, a 1,000 sq.ft plot at the current rate has a total guideline value of Rs 11,10,000, leading to specific fees based on this value.