Guideline Value for NARASIMMA NAGAR

Narasimma Nagar guideline value

The current guideline value of Narasimma Nagar is Rs 1,792 per sq.ft, as per the 2023 revision. This area falls under Rathinamangalam village and is governed by the Gooduvancheri SRO. The land classification for this region is Mixed Type - II.

How the guideline value of Narasimma Nagar has changed

In the 2017 revision, the guideline value was Rs 1,200 per sq.ft. The most recent revision in 2023 saw an increase to Rs 1,792 per sq.ft, marking a significant change of +49% from the previous figure. There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street.

Thus, the only revisions that provide a guideline value for Narasimma Nagar are from 2017 and 2023, showing a clear upward trend in the guideline value over these years.

Guideline values in Rathinamangalam

No specific village figures are provided for Rathinamangalam. Currently, Narasimma Nagar is the only street mentioned under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Narasimma Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,792 per sq.ft, the total guideline value amounts to Rs 17,92,000. The stamp duty, calculated at 7%, would be Rs 1,25,440, and the registration fee at 2% would be Rs 35,840. Together, the total cost for stamp duty and registration fee would be Rs 1,61,280. 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 information.

Which Sub Registrar Office covers Narasimma Nagar?

The Sub Registrar Office that covers Narasimma Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

For more details, you can find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Rathinamangalam. It is used to determine the stamp duty and registration fees that are payable when a property is bought or sold.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Narasimma Nagar?

The current guideline value of Narasimma Nagar is Rs 1,792 per sq.ft, as per the 2023 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,200 per sq.ft to Rs 1,792 per sq.ft, which is a change of +49%.

Are there any guideline value figures for 2024?

The guideline value register does not have a figure for Narasimma Nagar for the year 2024.

What is the registration office for Narasimma Nagar?

The registration office for Narasimma Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fee would amount to Rs 1,61,280.