Guideline Value for NEWRY CLOVERY COUNTY

Newry Clovery County guideline value

The current guideline value of Newry Clovery County, located in Parivakkam village under the Poonamallee SRO, is Rs 3,500 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of Newry Clovery County has changed

Since the 2017 revision, the guideline value for Newry Clovery County has remained consistent. The 2017 revision recorded a value of Rs 3,500 per sq.ft, which was also the figure for the subsequent revisions in 2023 and 2024. The register has no figure for this street for the years 2002, 2003, 2007, and 2012.

In the 2023 revision, the guideline value was again set at Rs 3,500 per sq.ft, and this was unchanged in the 2024 revision. Overall, from 2017 to 2024, there has been no change in the guideline value.

Guideline values in Parivakkam

In Parivakkam, there are 31 streets under the Poonamallee SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 6,750 per sq.ft. The median guideline value for these streets is Rs 1,800 per sq.ft, placing Newry Clovery County's 2024 figure above that median.

• Om Sakthi Nagar: Rs 660 per sq.ft (2024)
• Oom Sundaram Nagar: Rs 1,550 per sq.ft (2024)
• Navin Avenue: Rs 660 per sq.ft (2024)
• Pav Green Field: Rs 3,000 per sq.ft (2024)
• Prime Gardens: Rs 1,440 per sq.ft (2024)
• Masilamani Nagar Extension: Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Newry Clovery County

For a 1,000 sq.ft plot at the current guideline value of Rs 3,500 per sq.ft, the total guideline value amounts to Rs 35,00,000. The stamp duty at 7% would be Rs 2,45,000, and the registration fee at 2% would be Rs 70,000, making the total cost for these fees Rs 3,15,000. 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 further calculations.

Which Sub Registrar Office covers Newry Clovery County?

The Sub Registrar Office that covers Newry Clovery County is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar, Poonamallee, Chennai - 600056. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration of property transactions in Parivakkam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, it is essential to refer to the guideline value to understand the financial implications. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, which can significantly affect the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Newry Clovery County?

The current guideline value of Newry Clovery County is Rs 3,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 3,500 per sq.ft since the 2017 revision, with no figures available for the years 2002, 2003, 2007, and 2012.

What is the land classification for Newry Clovery County?

The land classification for Newry Clovery County is Residential Special Type - III.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 35,00,000, the stamp duty at 7% would be Rs 2,45,000, and the registration fee at 2% would be Rs 70,000, totaling Rs 3,15,000 in fees.

Where can I find the Sub Registrar Office for Newry Clovery County?

The Sub Registrar Office for Newry Clovery County is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar, Poonamallee, Chennai - 600056.