Guideline Value for NIRMAL NAGAR (PER)

Nirmal Nagar (Per) guideline value

The current guideline value of Nirmal Nagar (Per) is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Sattamangalam village and falls under the Chengleput Joint II SRO with a land classification of Residential Class II Type - II.

How the guideline value of Nirmal Nagar (Per) has changed

The guideline value for Nirmal Nagar (Per) has undergone several revisions over the years. In 2012, the value was set at Rs 400 per sq.ft, which then decreased to Rs 268 per sq.ft in 2017. Following this, the value increased significantly to Rs 400 per sq.ft in 2023. The most recent revision in 2024 has raised the guideline value to Rs 440 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has seen a modest increase of 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street in the register.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Nirmal Nagar (Per) below this median.

• Nh2 Extension (Ward -7): Rs 1,320 per sq.ft (2024)
• Nvignesh Nagar Ninnaikarai (Ward -19): Rs 660 per sq.ft (2024)
• New Balaji Nagar Barathiar Street (Ward -3): Rs 990 per sq.ft (2024)
• Nethaji Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Om Sakthi Street (Per): Rs 660 per sq.ft (2024)
• Om Sakthi Street (Ward -15): Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Nirmal Nagar (Per)

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total fees to Rs 39,600. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Nirmal Nagar (Per)?

The Sub Registrar Office that covers Nirmal Nagar (Per) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Sattamangalam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value, as it directly impacts the total cost of the transaction. Buyers should ensure that the sale price is equal to or higher than the guideline value to avoid any issues during registration.

Frequently asked questions

What is the current guideline value of Nirmal Nagar (Per)?

The current guideline value of Nirmal Nagar (Per) is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification of Nirmal Nagar (Per)?

Nirmal Nagar (Per) is classified as Residential Class II Type - II under the Chengleput Joint II SRO.

What are the stamp duty and registration fees for property in Nirmal Nagar (Per)?

For a 1,000 sq.ft plot, the total guideline value is Rs 4,40,000. The stamp duty at 7% is Rs 30,800, and the registration fee at 2% is Rs 8,800, totaling Rs 39,600.

Where is the Sub Registrar Office for Nirmal Nagar (Per)?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.