Guideline Value for NETHAJI NAGAR( S.NO.6/2E.7/2.8/2.4)

Nethaji Nagar( S.No.6/2e.7/2.8/2.4) guideline value

The current guideline value of Nethaji Nagar( S.No.6/2e.7/2.8/2.4) is Rs 300 per sq.ft. This property is located in Thozhuvur village and falls under the Tiruvallur Joint 1 SRO with a land classification of Residential Class III Type - II.

How the guideline value of Nethaji Nagar( S.No.6/2e.7/2.8/2.4) has changed

In the 2012 revision, the guideline value was set at Rs 300 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 201 per sq.ft, marking a decrease of 33%. However, in the 2023 revision, the guideline value increased to Rs 300 per sq.ft, reflecting a 49% increase from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has not changed, remaining at Rs 300 per sq.ft. The register does not provide figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Thozhuvur

Currently, there are no specific guideline values provided for other streets in Thozhuvur. Nethaji Nagar( S.No.6/2e.7/2.8/2.4) is the only street mentioned with a guideline value of Rs 300 per sq.ft.

Stamp duty and registration fee for property in Nethaji Nagar( S.No.6/2e.7/2.8/2.4)

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

Which Sub Registrar Office covers Nethaji Nagar( S.No.6/2e.7/2.8/2.4)?

The property in Nethaji Nagar( S.No.6/2e.7/2.8/2.4) is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. For further assistance, you can find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Thozhuvur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When buying or selling property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that all property transactions are fairly assessed for taxation purposes.

Frequently asked questions

What is the current guideline value of Nethaji Nagar?

The current guideline value of Nethaji Nagar( S.No.6/2e.7/2.8/2.4) is Rs 300 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has remained at Rs 300 per sq.ft until it dropped to Rs 201 per sq.ft in 2017. It then increased back to Rs 300 per sq.ft in 2023.

What are the stamp duty and registration fees for Nethaji Nagar?

For a 1,000 sq.ft plot in Nethaji Nagar, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000 based on the guideline value of Rs 3,00,000.

Which office handles registrations for Nethaji Nagar?

The Tiruvallur Joint 1 Sub Registrar Office handles registrations for properties in Nethaji Nagar. The office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

Is there a guideline value for other streets in Thozhuvur?

Currently, there are no guideline values provided for other streets in Thozhuvur, with Nethaji Nagar being the only street mentioned in the available data.