Guideline Value for NAMACHIVAYAM NAGAR

Namachivayam Nagar guideline value

The current guideline value of Namachivayam Nagar is Rs 469 per sq.ft. This area is located in Ponthoor village, under the jurisdiction of the Sriperumpudur SRO. The land classification for this street is Commercial Class I Type - II.

How the guideline value of Namachivayam Nagar has changed

The guideline value for Namachivayam Nagar has remained consistent over the years. The 2017 revision recorded a guideline value of Rs 469 per sq.ft, which was also the same for the 2023 revision. The 2024 revision, effective from 1 July 2024, continues this trend, maintaining the value at Rs 469 per sq.ft. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Overall, from 2017 to 2024, there has been no change in the guideline value, reflecting a stable valuation during this period. The changes from 2023 to 2024 and from 2017 to 2023 also show a consistent value with a change of +0%.

Guideline values in Ponthoor

Ponthoor village has a total of 79 streets under the Sriperumpudur SRO, with guideline values ranging from Rs 200 to Rs 2,239 per sq.ft as of 2024. The median value for these streets is Rs 300 per sq.ft, placing the guideline value of Namachivayam Nagar above this median.

• Nagalinga Poo Street: Rs 300 per sq.ft (2024)
• Neelam Poo Street: Rs 300 per sq.ft (2024)
• Mullai Poo Street: Rs 300 per sq.ft (2024)
• Manoranjitham Poo Street: Rs 300 per sq.ft (2024)
• Pappaiyan Pattai: Rs 200 per sq.ft (2024)
• Parijatham Poo Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Namachivayam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 469 per sq.ft, the total guideline value amounts to Rs 4,69,000. The stamp duty at 7% would be Rs 32,830, and the registration fee at 2% would be Rs 9,380, bringing the total cost for these fees to Rs 42,210. It is important to note that the 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 Namachivayam Nagar?

The Sub Registrar Office that covers Namachivayam Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in property transactions in Ponthoor. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of this value as it directly impacts the overall cost of property transactions.

When registering a property, the guideline value serves as a reference point for the authorities to assess the transaction's legitimacy. It ensures that the fees collected are based on a standardized valuation, providing transparency in the real estate market.

Frequently asked questions

What is the current guideline value of Namachivayam Nagar?

The current guideline value of Namachivayam Nagar is Rs 469 per sq.ft, as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Namachivayam Nagar has remained stable at Rs 469 per sq.ft since the 2017 revision. There have been no changes in the guideline value from 2017 to 2024.

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

For a 1,000 sq.ft plot at the guideline value of Rs 469 per sq.ft, the total guideline value is Rs 4,69,000. The stamp duty would be Rs 32,830, and the registration fee would be Rs 9,380, totaling Rs 42,210.

Which Sub Registrar Office covers Namachivayam Nagar?

The Sriperumpudur Sub Registrar Office covers Namachivayam Nagar, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

What is the land classification of Namachivayam Nagar?

Namachivayam Nagar is classified as Commercial Class I Type - II, indicating its use for commercial purposes within the area.