Guideline Value for NBJ AVENUE

Nbj Avenue guideline value

The current guideline value of Nbj Avenue in Nenmeli village is Rs 1,195 per sq.ft, effective from 1 July 2024. This property falls under the Chengleput Joint I SRO and is classified as Residential Special Type - III.

How the guideline value of Nbj Avenue has changed

The guideline value for Nbj Avenue has seen significant changes over the years. The register shows no figures for the years 2002, 2003, 2007, and 2012. In the 2017 revision, the guideline value was set at Rs 800 per sq.ft, which increased to Rs 1,195 per sq.ft in both the 2023 and 2024 revisions, reflecting a 49% increase from 2017 to 2023 and maintaining that same value into 2024.

From 2023 to 2024, there was no change in the guideline value, remaining at Rs 1,195 per sq.ft. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Nenmeli

In Nenmeli, there are 53 streets under the Chengleput Joint I SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 2,500 per sq.ft, with a median of Rs 612 per sq.ft. The guideline value of Nbj Avenue is above this median.

• M.V.R.Garden: Rs 1,045 per sq.ft (2024)
• Nsr காலனி: Rs 612 per sq.ft (2024)
• P.T.S.Nagar: Rs 500 per sq.ft (2024)
• Lake Avenue: Rs 800 per sq.ft (2024)
• Kumarasamy Nagar: Rs 500 per sq.ft (2024)
• Kumarasami Nagar Part - II: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Nbj Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,195 per sq.ft, the total guideline value amounts to Rs 11,95,000. The stamp duty at 7% would be Rs 83,650, and the registration fee at 2% would be Rs 23,900, totaling Rs 1,07,550. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nbj Avenue?

The Sub Registrar Office that covers Nbj Avenue is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Nenmeli, as it determines the stamp duty and registration fees applicable during the transaction. Buyers and sellers should be aware that the guideline value is used to assess the official value of the property for registration purposes.

When a property is registered, the guideline value will often be referenced to calculate the necessary fees, ensuring that all parties are aware of the financial obligations involved in the transaction. It is essential to consult the latest guideline values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Nbj Avenue?

The current guideline value of Nbj Avenue is Rs 1,195 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 800 per sq.ft in 2017 to Rs 1,195 per sq.ft in both 2023 and 2024, reflecting a 49% increase overall from 2017 to 2024.

What are the stamp duty and registration fees for property in Nbj Avenue?

For a 1,000 sq.ft plot at the guideline value of Rs 1,195 per sq.ft, the total guideline value is Rs 11,95,000. The stamp duty would be Rs 83,650, and the registration fee would be Rs 23,900, totaling Rs 1,07,550.

Which office handles property registrations for Nbj Avenue?

The Chengleput Joint I Sub Registrar Office handles property registrations for Nbj Avenue, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification for Nbj Avenue?

Nbj Avenue is classified as Residential Special Type - III, indicating its intended use for residential purposes.