Guideline Value for NANTHANAR NAGAR

Nanthanar Nagar guideline value

The current guideline value of Nanthanar Nagar is Rs 800 per sq.ft, as per the 2023 revision. This area falls under Kelambakkam village and is governed by the Thiruporur SRO. The land classification for this locality is Residential Class III Type - I.

How the guideline value of Nanthanar Nagar has changed

The guideline value for Nanthanar Nagar has seen several revisions over the years. In the 2007 revision, the value was set at Rs 250 per sq.ft. This increased significantly to Rs 800 per sq.ft in the 2012 revision, marking a substantial rise of 220%. However, in the 2017 revision, the value decreased to Rs 536 per sq.ft, a decline of 33%. The most recent revision in 2023 saw the guideline value return to Rs 800 per sq.ft, representing an increase of 49% from the previous figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 220%. There are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Kelambakkam

Currently, there are no specific village figures available for Kelambakkam. However, Nanthanar Nagar's guideline value is set at Rs 800 per sq.ft. The following are other streets in Kelambakkam:

Stamp duty and registration fee for property in Nanthanar Nagar

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value amounts to Rs 8,00,000. The stamp duty is charged at 7%, which totals Rs 56,000, and the registration fee is 2%, amounting to Rs 16,000. Together, these fees total Rs 72,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nanthanar Nagar?

The Sub Registrar Office that covers Nanthanar Nagar is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kelambakkam. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that the fees are based on a standardized valuation of the property.

When a property is registered, the higher amount between the guideline value and the sale price is considered for calculating the stamp duty. This ensures that the government receives appropriate revenue based on the property's value as determined by the guideline value register.

Frequently asked questions

What is the current guideline value of Nanthanar Nagar?

The current guideline value of Nanthanar Nagar is Rs 800 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

Since the 2007 revision, the guideline value has increased by 220% overall. The value was Rs 250 per sq.ft in 2007, rose to Rs 800 in 2012, fell to Rs 536 in 2017, and returned to Rs 800 in 2023.

What is the land classification for Nanthanar Nagar?

Nanthanar Nagar is classified as Residential Class III Type - I, indicating its suitability for residential purposes.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 72,000.