Guideline Value for NAVA RATHNA NAGAR

Nava Rathna Nagar guideline value

The current guideline value of Nava Rathna Nagar is Rs 300 per sq.ft, as per the 2023 revision. This area is located in Thozhuvur village and falls under the Tiruvallur Joint 1 SRO. The land classification is Residential Class III Type - II.

How the guideline value of Nava Rathna Nagar has changed

In the 2012 revision, the guideline value was set at Rs 300 per sq.ft. However, in the 2017 revision, it decreased to Rs 201 per sq.ft, marking a decline of 33%. The most recent revision in 2023 saw an increase to Rs 300 per sq.ft, reflecting a rise of 49% from the 2017 figure.

Overall, comparing the 2012 and 2023 revisions, the guideline value has remained unchanged at Rs 300 per sq.ft. The register has no figures for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Thozhuvur

Currently, there are no specific village figures available for Thozhuvur. The guideline value of Rs 300 per sq.ft for Nava Rathna Nagar is the only figure provided. There are no other streets in Thozhuvur under the Tiruvallur Joint 1 SRO listed.

Stamp duty and registration fee for property in Nava Rathna Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, while the registration fee at 2% would be Rs 6,000, bringing the total charges to Rs 27,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nava Rathna Nagar?

The Sub Registrar Office that covers Nava Rathna Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. To find your SRO, visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Thozhuvur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the higher value between the guideline value and the sale price is used to calculate the applicable duties. This ensures that the government receives the correct amount of revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Nava Rathna Nagar?

The current guideline value of Nava Rathna Nagar is Rs 300 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, and then back to Rs 300 per sq.ft in 2023. This represents a decrease of 33% from 2012 to 2017 and an increase of 49% from 2017 to 2023.

What is the land classification for Nava Rathna Nagar?

Nava Rathna Nagar is classified as Residential Class III Type - II, indicating its designation for residential purposes.

Where is the Sub Registrar Office for Nava Rathna Nagar located?

The Sub Registrar Office for Nava Rathna Nagar is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

How is stamp duty calculated for properties in Nava Rathna Nagar?

Stamp duty is calculated based on the higher value between the guideline value and the sale price. For example, for a property with a guideline value of Rs 3,00,000, the stamp duty would be Rs 21,000 at 7%.