Guideline Value for NAVIDAN @ NEW STREET

Navidan @ New Street guideline value

The current guideline value for Navidan @ New Street is Rs 880 per sq.ft, effective from 1 July 2024. This property is located in Thiruporur village, under the Thiruporur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Navidan @ New Street has changed

The guideline value for Navidan @ New Street has seen several revisions over the years. In 2007, the value was Rs 250 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012. However, in 2017, it dropped to Rs 536 per sq.ft. The value then rose again to Rs 800 per sq.ft in 2023, before reaching the current rate of Rs 880 per sq.ft in 2024. The register has no figures for this street in 2002 and 2003.

Between the revisions, the changes were notable. The increase from 2017 to 2023 was +49%, while the change from 2012 to 2017 was a decrease of -33%. The jump from 2007 to 2012 was substantial at +220%. Overall, from 2007 to 2024, the guideline value has increased by +252%.

Guideline values in Thiruporur

In Thiruporur, 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, with the median being Rs 880 per sq.ft. Navidan @ New Street's 2024 figure aligns with this median.

• Narayani Nagar: Rs 1,870 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 Navidan @ New Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600. In total, the fees would be Rs 79,200. Note that the 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 Navidan @ New Street?

The Sub Registrar Office covering Navidan @ New Street 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 information.

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

The guideline value is a crucial factor when registering property transactions in Thiruporur. 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 helps ensure that the transaction is recorded at a fair value, reflecting the current market conditions. It is essential for both buyers and sellers to be aware of the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Navidan @ New Street?

The current guideline value of Navidan @ New Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, with several revisions in between, including a drop in 2017 and increases in subsequent years.

What is the land classification for Navidan @ New Street?

Navidan @ New Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

How is stamp duty calculated for properties in Navidan @ New Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a stamp duty of Rs 61,600 based on the current guideline value.

Where is the Sub Registrar Office for Navidan @ New Street located?

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