Guideline Value for NANU NAGAR PART-I

Nanu Nagar Part-I guideline value

The current guideline value of Nanu Nagar Part-I is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Thirukkachur - 1 village under the Chengleput Joint II SRO and is classified as Residential Class I Type - II.

How the guideline value of Nanu Nagar Part-I has changed

The guideline value for Nanu Nagar Part-I has undergone several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 500 per sq.ft, which increased by 10% to Rs 550 per sq.ft in the 2024 revision.

This increase reflects a change from Rs 500 per sq.ft in 2023 to Rs 550 per sq.ft in 2024. The current figure is the only one available for this street in the recent revisions.

Guideline values in Thirukkachur - 1

In Thirukkachur - 1, there are 86 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 385 to Rs 3,300 per sq.ft. The median value is Rs 660 per sq.ft, indicating that Nanu Nagar's 2024 figure is below this median.

• Nanu Nagar: Rs 550 per sq.ft (2024)
• North Mada Veedhi: Rs 550 per sq.ft (2024)
• Om Sakthi Nagar: Rs 1,100 per sq.ft (2024)
• Mgm Thiyagarajapuram Stage -IV: Rs 660 per sq.ft (2024)
• Mg M Thiagarajapuram Phase -3: Rs 660 per sq.ft (2024)
• Melroasapuram: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Nanu Nagar Part-I

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, while the registration fee at 2% would be Rs 11,000, making the total charges together Rs 49,500. Please 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 Nanu Nagar Part-I?

The Sub Registrar Office that covers Nanu Nagar Part-I is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Thirukkachur - 1

The guideline value is a crucial factor when registering a property in Thirukkachur - 1. It determines the base value upon which stamp duty and registration fees are calculated during the property transaction.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and transparently, reflecting the value of the property in the official records.

Frequently asked questions

What is the current guideline value of Nanu Nagar Part-I?

The current guideline value of Nanu Nagar Part-I is Rs 550 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 500 per sq.ft in 2023 to Rs 550 per sq.ft in 2024, marking a 10% increase.

What are the other streets in Thirukkachur - 1 and their values?

Other streets in Thirukkachur - 1 include North Mada Veedhi at Rs 550 per sq.ft, Om Sakthi Nagar at Rs 1,100 per sq.ft, and Mgm Thiyagarajapuram Stage -IV at Rs 660 per sq.ft, among others.

Where can I find the Sub Registrar Office for Nanu Nagar Part-I?

The Sub Registrar Office for Nanu Nagar Part-I is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated in Nanu Nagar Part-I?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 5,50,000, the stamp duty would be 7% of that amount.