Guideline Value for NAVASAKTHI NAGAR

Navasakthi Nagar guideline value

The current guideline value of Navasakthi Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Melmaruvathur village under the Acchirapakkam SRO, and the land classification is Residential Special Type - I.

How the guideline value of Navasakthi Nagar has changed

According to the revisions, the guideline value for Navasakthi Nagar has remained consistent at Rs 600 per sq.ft for both the 2023 and 2024 revisions. The register has no figure for this street in the years 2017, 2012, 2007, 2003, and 2002.

The 2024 revision shows a change of +0% from the 2023 revision, indicating no increase or decrease in the guideline value over this period.

Guideline values in Melmaruvathur

In Melmaruvathur, three streets under the Acchirapakkam SRO have a guideline value for 2024, ranging from Rs 500 to Rs 600 per sq.ft. The median guideline value for these streets is Rs 600 per sq.ft, which is equal to the current guideline value of Navasakthi Nagar.

• Maruvoor Avenue Phase I II III IV: Rs 600 per sq.ft (2024)
• Gk Garden: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Navasakthi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value amounts to 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, totaling Rs 54,000. 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 Navasakthi Nagar?

The Sub Registrar Office that covers Navasakthi Nagar is the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process of property transactions in Melmaruvathur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value.

When buying or selling property, the guideline value helps in determining the legal value of the property, which is essential for documentation and compliance with local regulations. It is important to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Navasakthi Nagar?

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

How has the guideline value changed over the years?

The guideline value for Navasakthi Nagar has remained the same at Rs 600 per sq.ft in both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What are the other streets with guideline values in Melmaruvathur?

In Melmaruvathur, other streets under the Acchirapakkam SRO include Maruvoor Avenue Phase I II III IV with a guideline value of Rs 600 per sq.ft and Gk Garden with a guideline value of Rs 500 per sq.ft for 2024.

How is stamp duty calculated for properties in Navasakthi Nagar?

Stamp duty for properties in Navasakthi Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 600 per sq.ft has a total guideline value of Rs 6,00,000, leading to a stamp duty of Rs 42,000.

Where is the Sub Registrar Office for Navasakthi Nagar located?

The Acchirapakkam Sub Registrar Office, which covers Navasakthi Nagar, is located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone.