Guideline Value for NPLS CITY RAJ NAGAR

Npls City Raj Nagar guideline value

The current guideline value for Npls City Raj Nagar is Rs 101 per sq.ft, effective from 1 July 2024. This property is located in 117. Pulipakkam village, under the Salavakkam SRO, and is classified as Residential Class II Type - I.

How the guideline value of Npls City Raj Nagar has changed

Over the years, the guideline value for Npls City Raj Nagar has seen several revisions. The 2012 revision set the value at Rs 60 per sq.ft, which then decreased to Rs 40 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 100 per sq.ft in 2023, and currently stands at Rs 101 per sq.ft from the 2024 revision.

In terms of percentage changes, the guideline value increased by 150% from 2017 to 2023, while it saw a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, there has been an increase of 68%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in 117. Pulipakkam

In 117. Pulipakkam, three streets under the Salavakkam SRO carry a 2024 guideline value ranging from Rs 100 to Rs 150 per sq.ft, with the median being Rs 101 per sq.ft. Npls City Raj Nagar's current guideline value matches this median.

• Krishna Nagar: Rs 150 per sq.ft (2024)
• S.K.Garden: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Npls City Raj Nagar

For a 1,000 sq.ft plot at the current rate of Rs 101 per sq.ft, the guideline value would be Rs 1,01,000. The stamp duty at 7% would amount to Rs 7,070, while the registration fee at 2% would be Rs 2,020, bringing the total to Rs 9,090. It is important to note that the 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 information.

Which Sub Registrar Office covers Npls City Raj Nagar?

The Sub Registrar Office that covers Npls City Raj Nagar is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in 117. Pulipakkam

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider the guideline value when negotiating sale prices, as it influences the stamp duty and registration fees applicable during the transaction.

When registering a property, the stamp duty is calculated based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property in the market.

Frequently asked questions

What is the current guideline value for Npls City Raj Nagar?

The current guideline value for Npls City Raj Nagar is Rs 101 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 60 per sq.ft in 2012 to Rs 101 per sq.ft in 2024, marking an overall increase of 68% over this period.

What is the land classification for Npls City Raj Nagar?

Npls City Raj Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the registration office for Npls City Raj Nagar?

The registration office for Npls City Raj Nagar is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

How is stamp duty calculated for properties in Npls City Raj Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a plot valued at Rs 1,01,000, the stamp duty at 7% would be Rs 7,070.