Guideline Value for NIRANJAN NAGAR

Niranjan Nagar guideline value

The current guideline value of Niranjan Nagar is Rs 700 per sq.ft. This area falls under Pakkam village and is registered with the Tiruvallur Joint 1 SRO. The land classification for this locality is Residential Class I Type - I.

How the guideline value of Niranjan Nagar has changed

Looking at the revisions, the guideline value for Niranjan Nagar was Rs 700 per sq.ft in 2012. In the 2017 revision, it decreased to Rs 469 per sq.ft, marking a decline of 33%. However, in the 2023 revision, the guideline value increased to Rs 700 per sq.ft again, representing a rise of 49% from the 2017 figure.

Overall, from 2012 to 2023, the guideline value has remained unchanged at Rs 700 per sq.ft. The register does not provide figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Pakkam

Currently, there are no village figures available for Pakkam. The guideline value for Niranjan Nagar is Rs 700 per sq.ft. There are no other streets in Pakkam listed under the Tiruvallur Joint 1 SRO.

Stamp duty and registration fee for property in Niranjan Nagar

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 at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total to Rs 63,000. 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 more details.

Which Sub Registrar Office covers Niranjan Nagar?

The Sub Registrar Office that covers Niranjan Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more information.

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

When buying or selling property in Pakkam, the guideline value plays a crucial role in determining the stamp duty and registration fees. The fees are calculated based on the higher value between the guideline value and the actual sale price.

This ensures that the government receives the appropriate revenue from property transactions. Buyers should be aware of the current guideline value as it directly impacts their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Niranjan Nagar?

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

How has the guideline value changed over the years?

The guideline value for Niranjan Nagar was Rs 700 per sq.ft in 2012, decreased to Rs 469 per sq.ft in 2017, and then increased back to Rs 700 per sq.ft in 2023.

What are the stamp duty and registration fees for a property in Niranjan Nagar?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty and registration fees would amount to Rs 63,000, including Rs 49,000 for stamp duty and Rs 14,000 for registration.

Which Sub Registrar Office covers Niranjan Nagar?

Niranjan Nagar is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

Are there any other streets in Pakkam with guideline values?

Currently, there are no other streets in Pakkam listed under the Tiruvallur Joint 1 SRO with guideline values provided.