Guideline Value for NIRANJAN NAGAR EXTENSION I

Niranjan Nagar Extension I guideline value

The current guideline value of Niranjan Nagar Extension I is Rs 700 per sq.ft, as per the 2023 revision. This area falls under Nathamedu village and is classified as Residential Class I Type - I. The relevant Sub Registrar Office for this location is the Tiruvallur Joint 1 SRO.

How the guideline value of Niranjan Nagar Extension I has changed

The guideline value for Niranjan Nagar Extension I has been recorded in the register for the year 2023 at Rs 700 per sq.ft. There are no figures available for the years 2024, 2017, 2012, 2007, 2003, and 2002 for this street, indicating that the guideline value has not changed in the records for these years.

Since the 2023 revision is the only figure provided, there are no changes to report between the revisions listed. The absence of figures for the previous years suggests a stable guideline value for the area during that time.

Guideline values in Nathamedu

Currently, there are no specific village figures available for Nathamedu. The guideline value for Niranjan Nagar Extension I is Rs 700 per sq.ft, and there are no other streets in Nathamedu under the Tiruvallur Joint 1 SRO.

Stamp duty and registration fee for property in Niranjan Nagar Extension I

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty is charged at 7%, resulting in Rs 49,000, and the registration fee at 2% amounts to Rs 14,000. Together, the total fees would be Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Niranjan Nagar Extension I?

The Sub Registrar Office covering Niranjan Nagar Extension I is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. For further assistance, you can find your SRO.

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

The guideline value is a crucial factor when registering a property in Nathamedu. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When a buyer or seller engages in a transaction, the guideline value helps determine the official value of the property for registration purposes. This ensures that all parties are aware of the fees associated with the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Niranjan Nagar Extension I?

The current guideline value of Niranjan Nagar Extension I is Rs 700 per sq.ft, as per the 2023 revision.

What land classification does Niranjan Nagar Extension I fall under?

Niranjan Nagar Extension I is classified as Residential Class I Type - I, indicating its suitability for residential development.

How is the stamp duty calculated for properties in Niranjan Nagar Extension I?

The stamp duty for properties in Niranjan Nagar Extension I is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 7,00,000, the stamp duty would be Rs 49,000.

Where is the Sub Registrar Office for Niranjan Nagar Extension I located?

The Tiruvallur Joint 1 Sub Registrar Office, which covers Niranjan Nagar Extension I, is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

Are there any other streets in Nathamedu with guideline values?

Currently, there are no other streets in Nathamedu listed under the Tiruvallur Joint 1 SRO, and thus no additional guideline values are available for comparison.