Guideline Value for NAYANTARRA AVENUE

Nayantarra Avenue guideline value

The current guideline value of Nayantarra Avenue is Rs 2,000 per sq.ft, effective from 1 July 2024. This street is located in Neelamangalam village under the Gooduvancheri SRO, and it is classified as Residential Special Type - I.

How the guideline value of Nayantarra Avenue has changed

The guideline value for Nayantarra Avenue has remained consistent in recent years. In the 2023 revision, the value was Rs 2,000 per sq.ft, which is the same as the 2024 revision. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Since the 2023 revision to the 2024 revision, there has been a change of +0%. This indicates that the guideline value has not increased or decreased during this period.

Guideline values in Neelamangalam

In Neelamangalam, there are 41 streets under the Gooduvancheri SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 2,000 per sq.ft. The median value for these streets is Rs 600 per sq.ft, placing Nayantarra Avenue's 2024 figure above that median.

• Namann nagar Extension: Rs 500 per sq.ft (2024)
• Namann nagar: Rs 500 per sq.ft (2024)
• Mupathamman Nagar: Rs 600 per sq.ft (2024)
• Palvadi Theru: Rs 600 per sq.ft (2024)
• Metro Square: Rs 600 per sq.ft (2024)
• Malar Avenue: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Nayantarra Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value would be Rs 20,00,000. The stamp duty at 7% would amount to Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, making the total fees together Rs 1,80,000. 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 Nayantarra Avenue?

The Nayantarra Avenue falls under the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an important factor when registering property transactions in Neelamangalam. 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, which is essential for legal and tax purposes. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Nayantarra Avenue?

The current guideline value of Nayantarra Avenue is Rs 2,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Nayantarra Avenue has remained at Rs 2,000 per sq.ft for both the 2023 and 2024 revisions, showing no change. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Nayantarra Avenue?

Nayantarra Avenue is classified as Residential Special Type - I. This classification can affect the guidelines and regulations applicable to property in this area.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Nayantarra Avenue?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 20,00,000, the stamp duty at 7% would be Rs 1,40,000.