Guideline Value for NANU NAGAR

Nanu Nagar guideline value

The current guideline value for Nanu Nagar, located in Thirukkachur - 1 village under the Chengleput Joint II SRO, is Rs 385 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - III land classification.

How the guideline value of Nanu Nagar has changed

The guideline value for Nanu Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 350 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 234 per sq.ft. However, this was followed by a significant increase in the 2023 revision to Rs 350 per sq.ft, and then a further increase to Rs 385 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the guideline value increased by 50%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirukkachur - 1

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

• Nanu Nagar Part-I: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 385 per sq.ft, the total guideline value would be Rs 3,85,000. The stamp duty at 7% would amount to Rs 26,950, and the registration fee at 2% would be Rs 7,700, bringing the total cost to Rs 34,650. 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 Nanu Nagar?

Nanu Nagar falls under 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 information.

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

The guideline value plays a crucial role in property transactions in Thirukkachur - 1. It serves as a benchmark for determining the minimum price at which properties can be registered, ensuring transparency in the buying and selling process.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are essential for the legal transfer of ownership. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Nanu Nagar?

The current guideline value of Nanu Nagar is Rs 385 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 350 per sq.ft in 2012 to Rs 234 per sq.ft in 2017, then increased to Rs 350 per sq.ft in 2023, and finally to Rs 385 per sq.ft in 2024.

What is the land classification of Nanu Nagar?

Nanu Nagar falls under the Residential Class I Type - III land classification, which indicates its use for residential purposes.

What are the other streets in Thirukkachur - 1?

Other streets in Thirukkachur - 1 include Nanu Nagar Part-I, North Mada Veedhi, Om Sakthi Nagar, Mgm Thiyagarajapuram Stage -IV, Mg M Thiagarajapuram Phase -3, and Melroasapuram, with varying guideline values.

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

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