Guideline Value for NAPC SUDARMA

Napc Sudarma guideline value

The current guideline value of Napc Sudarma is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Kavulbazaar village under the Pammal SRO and is classified as Residential Class I Type - I.

How the guideline value of Napc Sudarma has changed

The guideline value for Napc Sudarma has undergone several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft, which increased to Rs 1,000 per sq.ft in 2023. The most recent revision in 2024 raised the guideline value to Rs 1,100 per sq.ft, marking a 10% increase from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a significant increase of 49%, and overall, from 2017 to 2024, the guideline value has risen by 64%. This reflects the progressive adjustments made to the guideline value over the years.

Guideline values in Kavulbazaar

Kavulbazaar village features a range of guideline values across its 44 streets under the Pammal SRO, with figures ranging from Rs 825 to Rs 4,500 per sq.ft. The median guideline value for the village is Rs 825 per sq.ft, placing Napc Sudarma's 2024 figure above that median.

• Neduchalai Street: Rs 1,100 per sq.ft (2024)
• Moovar Nagar: Rs 825 per sq.ft (2024)
• M.L.R Street: Rs 825 per sq.ft (2024)
• MGR Street: Rs 825 per sq.ft (2024)
• Mariamman Koil Street: Rs 825 per sq.ft (2024)
• Manivannan Nagar: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Napc Sudarma

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees together to Rs 99,000. 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 further calculations.

Which Sub Registrar Office covers Napc Sudarma?

The Sub Registrar Office that covers Napc Sudarma is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Kavulbazaar

The guideline value plays a crucial role in the registration process when buying or selling property in Kavulbazaar. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable fees. This ensures that the transaction is recorded accurately and complies with local regulations.

Frequently asked questions

What is the current guideline value of Napc Sudarma?

The current guideline value of Napc Sudarma is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What are the other streets in Kavulbazaar with their guideline values?

Other streets in Kavulbazaar include Neduchalai Street at Rs 1,100 per sq.ft, and several streets such as Moovar Nagar, M.L.R Street, MGR Street, Mariamman Koil Street, and Manivannan Nagar, all at Rs 825 per sq.ft (2024).

What fees are associated with buying property in Napc Sudarma?

When buying property in Napc Sudarma, the stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, along with a registration fee of 2%.

Where can I find the Sub Registrar Office for Napc Sudarma?

The Sub Registrar Office for Napc Sudarma is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more information by visiting the relevant links.