Guideline Value for NARAYANA NAGAR EXTN

Narayana Nagar Extn guideline value

The current guideline value of Narayana Nagar Extn is Rs 1,000 per sq.ft, as per the 2023 revision. This area falls under the Gooduvancheri SRO and is classified as Commercial Class I Type - II.

How the guideline value of Narayana Nagar Extn has changed

Over the years, the guideline value of Narayana Nagar Extn has seen several revisions. In 2007, the guideline value was set at Rs 360 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in 2012, marking a rise of 178%. However, in the 2017 revision, the value dropped to Rs 670 per sq.ft, reflecting a decrease of 33%. The most recent revision in 2023 restored the guideline value to Rs 1,000 per sq.ft, which represents an increase of 49% from the previous revision.

Overall, from 2007 to 2023, the guideline value has increased by 178%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Kolapakkam

Currently, there are no specific village figures available for Kolapakkam. Narayana Nagar Extn is one of the areas under the Gooduvancheri SRO. The following are the other streets in Kolapakkam:

Stamp duty and registration fee for property in Narayana Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty is charged at 7%, which totals Rs 70,000, and the registration fee is charged at 2%, amounting to Rs 20,000. Together, the total cost for stamp duty and registration fee would be Rs 90,000. It is essential to 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 Narayana Nagar Extn?

The Narayana Nagar Extn area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Kolapakkam, as it determines the stamp duty and registration fees payable at the time of registration. Buyers should be aware that the guideline value may differ from the actual sale price, and the duty is charged on the higher of the two.

When registering a property transaction, it is essential to refer to the latest guideline value to ensure compliance with local regulations and to accurately calculate the associated costs. This helps in avoiding any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Narayana Nagar Extn?

The current guideline value of Narayana Nagar Extn is Rs 1,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 360 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and returned to Rs 1,000 per sq.ft in 2023.

What are the stamp duty and registration fees for a property in Narayana Nagar Extn?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000.

Which Sub Registrar Office covers Narayana Nagar Extn?

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

Are there any other streets in Kolapakkam with guideline values?

Currently, there are no figures available for other streets in Kolapakkam under the Gooduvancheri SRO.