Guideline Value for NANBARKAL NAGAR

Nanbarkal Nagar guideline value

The current guideline value of Nanbarkal Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Puliyampakkam village under the Walajabad Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Nanbarkal Nagar has changed

Over the years, the guideline value for Nanbarkal Nagar has seen several revisions. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 250 per sq.ft. The 2017 revision marked a decrease to Rs 167 per sq.ft, reflecting a drop of 33% from the previous value. The 2024 revision reinstated the value to Rs 250 per sq.ft, showing no change from the 2023 figure.

In summary, from 2012 to 2024, the guideline value has remained stable at Rs 250 per sq.ft overall. The most significant change occurred between 2017 and 2023, where the value increased by 50% to reach the current figure.

Guideline values in Puliyampakkam

Puliyampakkam village has 26 streets under the Walajabad SRO, with guideline values ranging from Rs 150 to Rs 550 per sq.ft. The median guideline value for these streets is Rs 250 per sq.ft, which aligns with the current guideline value for Nanbarkal Nagar.

• Periyar Nagar: Rs 300 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 300 per sq.ft (2024)
• Kamatchi Amman Nagar: Rs 335 per sq.ft (2024)
• Iyyappan Nagar: Rs 300 per sq.ft (2024)
• G.Shanthi Nagar: Rs 200 per sq.ft (2024)
• Gangai Nagar Phase -II: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Nanbarkal Nagar

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 at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is important to note that 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 Nanbarkal Nagar?

The Walajabad Sub Registrar Office covers Nanbarkal Nagar, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Puliyampakkam, as it determines the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration norms.

At the time of registration, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Nanbarkal Nagar?

The current guideline value of Nanbarkal Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 250 per sq.ft, unchanged from 2023. The value was Rs 167 per sq.ft in 2017, reflecting a significant increase of 50% by 2023.

What is the land classification of Nanbarkal Nagar?

Nanbarkal Nagar is classified as Residential Class I Type - I, which indicates its suitability for residential development.

What are the stamp duty and registration fees for properties in Nanbarkal Nagar?

The stamp duty is charged at 7%, while the registration fee is 2% of the guideline value. For a property valued at Rs 2,50,000, the total fees would amount to Rs 22,500.

Where is the Walajabad Sub Registrar Office located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. This office handles the registration of properties in Nanbarkal Nagar.