Guideline Value for NANCI NAGAR

Nanci Nagar guideline value

The current guideline value of Nanci Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Atanancheri village under the Gooduvancheri SRO, classified as Residential Special Type - I.

How the guideline value of Nanci Nagar has changed

Over the years, the guideline value of Nanci Nagar has seen several revisions. The 2024 revision maintains the value at Rs 600 per sq.ft, consistent with the previous year's 2023 revision. The 2017 revision recorded a lower value of Rs 402 per sq.ft, marking a significant increase of 49% from 2017 to 2023. The 2012 revision also set the value at Rs 600 per sq.ft, which indicates a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 600 per sq.ft.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. The lack of data for these years means that the guideline value has been stable in recent revisions, with no fluctuations recorded during those periods.

Guideline values in Atanancheri

In Atanancheri, there are 83 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,500 per sq.ft. The median value for these streets is Rs 700 per sq.ft, placing Nanci Nagar's 2024 figure below this median.

• Nansi Nagar (Extn): Rs 600 per sq.ft (2024)
• Naveen Nagar: Rs 600 per sq.ft (2024)
• M.K.R. Nagar: Rs 600 per sq.ft (2024)
• Mantharayalaya Nagar: Rs 600 per sq.ft (2024)
• Periyar Street: Rs 600 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Nanci Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. 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 details.

Which Sub Registrar Office covers Nanci Nagar?

The Sub Registrar Office that covers Nanci Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Atanancheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When purchasing property, it is essential to consider the guideline value as it impacts the overall cost of the transaction. Understanding this value helps in budgeting for additional expenses beyond the sale price, ensuring a smoother registration process.

Frequently asked questions

What is the current guideline value of Nanci Nagar?

The current guideline value of Nanci Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft from 2012 to 2024, with a significant increase of 49% from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023.

What are the other streets with the same guideline value in Atanancheri?

Other streets in Atanancheri with the same guideline value of Rs 600 per sq.ft include Nansi Nagar (Extn), Naveen Nagar, M.K.R. Nagar, Mantharayalaya Nagar, and Periyar Street.

What is the registration fee for property in Nanci Nagar?

The registration fee for property in Nanci Nagar is calculated at 2% of the guideline value. For a property valued at Rs 6,00,000, the registration fee would be Rs 12,000.

Where is the Sub Registrar Office for Nanci Nagar located?

The Sub Registrar Office for Nanci Nagar is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.