Guideline Value for NARAYANI APPARTMENT

Narayani Appartment guideline value

The current guideline value of Narayani Appartment is Rs 700 per sq.ft, effective from 1 July 2024. It is located in Ponneri_2 village under the Ponneri SRO, classified as Residential Class II Type - I.

How the guideline value of Narayani Appartment has changed

The guideline value for Narayani Appartment has seen several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 469 per sq.ft. This value increased to Rs 700 per sq.ft in the 2023 revision, marking a significant change of 49%. The 2024 revision maintained the same figure of Rs 700 per sq.ft, indicating no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Ponneri_2

In Ponneri_2 village, there are 75 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 1,300 per sq.ft, with a median value of Rs 700 per sq.ft. The guideline value of Narayani Appartment is equal to this median.

• Narayani Nagar: Rs 700 per sq.ft (2024)
• Neeli Appadurai Mudali St: Rs 1,200 per sq.ft (2024)
• Nethaji Avenue: Rs 700 per sq.ft (2024)
• Nethaji Nagar: Rs 700 per sq.ft (2024)
• New Kacheri Street: Rs 702 per sq.ft (2024)
• Masque St: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Narayani Appartment

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Narayani Appartment?

The Narayani Appartment falls under the jurisdiction of the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ponneri_2

The guideline value is a crucial factor when registering property transactions in Ponneri_2. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in the real estate market. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Narayani Appartment?

The current guideline value of Narayani Appartment is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in both 2023 and 2024, marking a 49% increase overall from 2017 to 2024.

Are there any years with no recorded guideline values for this street?

Yes, the register has no figures for the years 2002, 2003, 2007, and 2012 for Narayani Appartment.

What is the registration fee for a property in Narayani Appartment?

The registration fee for a property is calculated based on the guideline value. For a property valued at Rs 7,00,000, the registration fee would be Rs 14,000 at a rate of 2%.

Where is the Sub Registrar Office for Narayani Appartment located?

The Ponneri Sub Registrar Office, which covers Narayani Appartment, is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.