Guideline Value for NARAYANA NAGAR

Narayana Nagar guideline value

The current guideline value of Narayana Nagar, located in Pulipakkam village under the Chengleput Joint II SRO, is Rs 600 per sq.ft. This value is effective from 1 July 2024 and falls under the land classification of Residential Special Type - I.

How the guideline value of Narayana Nagar has changed

Over the years, the guideline value of Narayana Nagar has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 600 per sq.ft. The 2017 revision marked a significant increase to Rs 402 per sq.ft, reflecting a change of -33% from the previous 2012 figure. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, there was an increase of 49%, bringing the value back to Rs 600 per sq.ft. The overall change from the 2012 revision to the 2024 revision is 0%, as the value remains at Rs 600 per sq.ft.

Guideline values in Pulipakkam

Pulipakkam village has 12 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 600 to Rs 1,000 per sq.ft, with a median of Rs 600 per sq.ft. Narayana Nagar's 2024 figure is equal to this median.

• Nu-Tech Gardenia Phase - I: Rs 1,000 per sq.ft (2024)
• Nu-Tech Gardenia Phase - II: Rs 1,000 per sq.ft (2024)
• Nu-Tech Gardenia Phase - III: Rs 1,000 per sq.ft (2024)
• Pallava Garden: Rs 600 per sq.ft (2024)
• Pallavan Nagar: Rs 600 per sq.ft (2024)
• Purusothaman Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Narayana Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, making the total charges Rs 54,000. Duty is charged on the higher of the guideline value and the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Narayana Nagar?

The Sub Registrar Office that covers Narayana Nagar 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 information.

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

The guideline value is an important factor when registering property in Pulipakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official value of the property. It is crucial to note that the stamp duty is charged on the higher of the guideline value or the sale price, which can impact the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Narayana Nagar?

The current guideline value of Narayana Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft from 2012 to 2024, with a significant increase of 49% from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023.

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

Other streets in Pulipakkam include Nu-Tech Gardenia Phase - I, II, and III at Rs 1,000 per sq.ft, and Pallava Garden, Pallavan Nagar, and Purusothaman Nagar at Rs 600 per sq.ft.

What is the registration fee for property in Narayana Nagar?

The registration fee is 2% of the guideline value. For a property valued at Rs 6,00,000, the registration fee would be Rs 12,000.

How is stamp duty calculated in Narayana Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property with a guideline value of Rs 6,00,000, the stamp duty would be Rs 42,000.