Guideline Value for NATHGEE NAGAR

Nathgee Nagar guideline value

The current guideline value of Nathgee Nagar is Rs 1,500 per sq.ft, effective from 1 July 2024. This area is located in SingaperumalKoil village under the Chengleput Joint II SRO, classified as Mixed Type - I land.

How the guideline value of Nathgee Nagar has changed

In the 2012 revision, the guideline value was set at Rs 1,500 per sq.ft. This remained unchanged until the 2017 revision, where it dropped to Rs 1,005 per sq.ft. However, the subsequent revisions saw a significant increase, with the 2023 revision maintaining the value at Rs 1,500 per sq.ft, which was the same as the 2012 revision. The 2024 revision again holds the guideline value at Rs 1,500 per sq.ft, indicating no change from the previous year.

Between the revisions, the most notable change occurred from 2017 to 2023, where the guideline value increased by 49%. Overall, from 2012 to 2024, there has been no net change in the guideline value for Nathgee Nagar.

Guideline values in SingaperumalKoil

In SingaperumalKoil, there are 33 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 2,000 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Nathgee Nagar's 2024 figure above this median.

• Narasimavarmar Street: Rs 1,100 per sq.ft (2024)
• Netaji Street (Anumandhapuram Salai) - East Side To G.S.T: Rs 1,500 per sq.ft (2024)
• Muthu Mariamman Koil Street: Rs 1,100 per sq.ft (2024)
• Om Ganapathy Nagar: Rs 800 per sq.ft (2024)
• M.G.R. Street: Rs 1,100 per sq.ft (2024)
• Mettu Street: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Nathgee Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, resulting in a total of Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nathgee Nagar?

The Sub Registrar Office that covers Nathgee Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in SingaperumalKoil, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

During the registration process, the guideline value is used to calculate the applicable stamp duty and registration fees. It is essential for both parties to be aware of this value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Nathgee Nagar?

The current guideline value of Nathgee Nagar is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,500 per sq.ft since 2012, with a drop to Rs 1,005 per sq.ft in 2017 before returning to Rs 1,500 per sq.ft in 2023 and 2024.

What is the land classification of Nathgee Nagar?

Nathgee Nagar is classified as Mixed Type - I land, which indicates a variety of permissible uses for the property.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Tamil Nadu.

How is the stamp duty calculated for properties in Nathgee Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 15,00,000 would incur a stamp duty of Rs 1,05,000 at a rate of 7%.