Guideline Value for NANTHANAR STREET (WARD -7)

Nanthanar Street (Ward -7) guideline value

The current guideline value for Nanthanar Street (Ward -7) is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Panangottur village and falls under the Chengleput Joint II SRO, classified as Residential Special Type - III.

How the guideline value of Nanthanar Street (Ward -7) has changed

The guideline value for Nanthanar Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,600 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 1,072 per sq.ft. The value remained at Rs 1,600 per sq.ft until the 2023 revision, which increased it to Rs 1,600 per sq.ft. The most recent revision in 2024 has increased the guideline value to Rs 1,760 per sq.ft, reflecting a 10% rise from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Panangottur

In Panangottur village, there are 419 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value is Rs 990 per sq.ft, placing the 2024 figure for Nanthanar Street above this median.

• Nanmullaiyar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Nammalwar Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Nalliagodan Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Nakkeeran Street (Ward -4): Rs 1,760 per sq.ft (2024)
• Nainar Mohamed Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Nagavalliamman Koil Street(Ward -8): Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Nanthanar Street (Ward -7)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total charges to Rs 1,58,400. Please note that the 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 Nanthanar Street (Ward -7)?

The Sub Registrar Office that covers Nanthanar Street (Ward -7) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Panangottur. It is used to determine the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

Understanding the guideline value is essential for buyers and sellers to ensure compliance with local regulations and to accurately assess the financial implications of property transactions.

Frequently asked questions

What is the current guideline value for Nanthanar Street (Ward -7)?

The current guideline value for Nanthanar Street (Ward -7) is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2023 to Rs 1,760 per sq.ft in 2024. It increased by 10%. The value was Rs 1,072 per sq.ft in 2017 and Rs 1,600 per sq.ft in 2012, showing a 49% increase from 2017 to 2023.

What are the other streets in Panangottur and their guideline values?

Other streets in Panangottur include Nanmullaiyar Street, Nammalwar Street, Nalliagodan Street, Nakkeeran Street, Nainar Mohamed Street, and Nagavalliamman Koil Street, with values ranging from Rs 1,320 to Rs 1,980 per sq.ft in 2024.

What is the stamp duty rate for properties in Nanthanar Street (Ward -7)?

The stamp duty rate for properties in Nanthanar Street (Ward -7) is 7%. This is applied to the higher of the guideline value or the sale price during registration.

Where can I find the Sub Registrar Office for Nanthanar Street (Ward -7)?

The Sub Registrar Office for Nanthanar Street (Ward -7) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information about your SRO online.