Guideline Value for NARAYANI NAGAR

Narayani Nagar guideline value

The current guideline value of Narayani Nagar is Rs 1,870 per sq.ft, effective from 1 July 2024. This area is located in Thiruporur village, under the Thiruporur SRO, and is classified as Mixed Type - III land.

How the guideline value of Narayani Nagar has changed

The guideline value for Narayani Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft. However, in the 2023 revision, this figure decreased to Rs 1,700 per sq.ft, marking a decline of 15%. The most recent 2024 revision increased the value to Rs 1,870 per sq.ft, reflecting a rise of 10% from the previous year. Overall, from 2012 to 2024, the guideline value has decreased by 7%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street.

Guideline values in Thiruporur

In Thiruporur village, there are 31 streets under the Thiruporur SRO that carry a 2024 guideline value, ranging from Rs 495 to Rs 4,500 per sq.ft. The median value among these streets is Rs 880 per sq.ft, placing Narayani Nagar's 2024 figure above the median.

• Navidan @ New Street: Rs 880 per sq.ft (2024)
• North Mada Street: Rs 880 per sq.ft (2024)
• Old Mamallapuram Salai: Rs 2,205 per sq.ft (2024)
• Padavattamman Koil Street: Rs 495 per sq.ft (2024)
• Panguni Medu: Rs 495 per sq.ft (2024)
• Police Line Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Narayani Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,870 per sq.ft, the total guideline value amounts to Rs 18,70,000. The stamp duty, charged at 7%, would be Rs 1,30,900, while the registration fee at 2% would be Rs 37,400. Together, the total cost for these fees would be Rs 1,68,300. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Narayani Nagar?

The Sub Registrar Office that covers Narayani Nagar is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Thiruporur. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

It is important for buyers and sellers to be familiar with the current guideline value, as it directly impacts the costs associated with property registration. This value serves as a benchmark for the legal and financial aspects of property transactions in the area.

Frequently asked questions

What is the current guideline value of Narayani Nagar?

The current guideline value of Narayani Nagar is Rs 1,870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has decreased from Rs 2,000 per sq.ft in 2012 to Rs 1,700 per sq.ft in 2023, and then increased to Rs 1,870 per sq.ft in 2024. Overall, it has decreased by 7% from 2012 to 2024.

What is the land classification for Narayani Nagar?

Narayani Nagar is classified as Mixed Type - III land, which indicates the type of usage permitted in this area.

What are the stamp duty and registration fees for property in Narayani Nagar?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,68,300.

Where is the Sub Registrar Office for Narayani Nagar located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.