Guideline Value for NETHAJI STREET

Nethaji Street guideline value

The current guideline value of Nethaji Street in Navaloor village is Rs 1,650 per sq.ft, as per the 2023 revision. This street falls under the jurisdiction of the Thiruporur SRO and is classified as Residential Class I Type - I.

How the guideline value of Nethaji Street has changed

The guideline value for Nethaji Street has seen several revisions over the years. In the 2007 revision, the value was set at Rs 550 per sq.ft, which increased significantly to Rs 1,650 per sq.ft in the 2012 revision, marking a 200% increase. However, in the 2017 revision, the value decreased to Rs 1,105 per sq.ft, reflecting a drop of 33%. The most recent revision in 2023 brought the value back up to Rs 1,650 per sq.ft, representing a 49% increase from 2017.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 200%. It is important to note that there are no figures available for the guideline values of Nethaji Street in the revisions from 2002, 2003, and 2024.

Guideline values in Navaloor

Currently, there are no specific guideline values provided for other streets in Navaloor. Nethaji Street is the only street mentioned in the available data.

Stamp duty and registration fee for property in Nethaji Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000. Together, these fees would total Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nethaji Street?

The Sub Registrar Office that covers Nethaji 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 further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Navaloor. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a value that reflects the current market conditions as determined by the government.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This means that buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Nethaji Street?

The current guideline value of Nethaji Street is Rs 1,650 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2012, then decreased to Rs 1,105 per sq.ft in 2017, and finally returned to Rs 1,650 per sq.ft in 2023.

What are the stamp duty and registration fees for properties on Nethaji Street?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which office handles the registration for Nethaji Street?

The Thiruporur Sub Registrar Office handles the registration for Nethaji Street, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

What is the land classification for Nethaji Street?

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