Guideline Value for Nri ஃபார்ஸட் சிட்டி பேஸ் 3

Nri ஃபார்ஸட் சிட்டி பேஸ் 3 guideline value

The current guideline value for Nri ஃபார்ஸட் சிட்டி பேஸ் 3 is Rs 520 per sq.ft, effective from 1 July 2024. This property is located in Papparambakkam village under the Manavalanagar SRO, classified as Residential Class II Type - I.

How the guideline value of Nri ஃபார்ஸட் சிட்டி பேஸ் 3 has changed

The guideline value for Nri ஃபார்ஸட் சிட்டி பேஸ் 3 has seen several revisions over the years. The 2017 revision set the value at Rs 348 per sq.ft, which was then increased to Rs 520 per sq.ft in the 2023 revision. The current value remains unchanged from the 2023 revision to the 2024 revision, reflecting a 49% increase from the 2017 figure.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. This means that the only revisions available are from 2017, 2023, and 2024, with the 2024 figure aligning with the median value of Rs 520 per sq.ft for other streets in Papparambakkam.

Guideline values in Papparambakkam

In Papparambakkam, there are 23 streets under the Manavalanagar SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 620 per sq.ft. The median value is Rs 520 per sq.ft, which is equal to the guideline value of Nri ஃபார்ஸட் சிட்டி பேஸ் 3.

• Nri ஃபா¢ஸ்ட் சிட்டி: Rs 520 per sq.ft (2024)
• NRI ê¤ì¢®: Rs 520 per sq.ft (2024)
• Metro City Phase - II: Rs 415 per sq.ft (2024)
• Metro City Phase-I: Rs 520 per sq.ft (2024)
• CVR ï裢: Rs 471 per sq.ft (2024)
• àì¢ «ôí¢ì¢ £¤õ£¢ õ¤î: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Nri ஃபார்ஸட் சிட்டி பேஸ் 3

For a 1,000 sq.ft plot at the current rate of Rs 520 per sq.ft, the guideline value amounts to Rs 5,20,000. The stamp duty at 7% would be Rs 36,400, and the registration fee at 2% would be Rs 10,400, totaling Rs 46,800. Duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Nri ஃபார்ஸட் சிட்டி பேஸ் 3?

The Nri ஃபார்ஸட் சிட்டி பேஸ் 3 is covered by the Manavalanagar Sub Registrar Office. The office is located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.

You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Papparambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Nri ஃபார்ஸட் சிட்டி பேஸ் 3?

The current guideline value of Nri ஃபார்ஸட் சிட்டி பேஸ் 3 is Rs 520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 348 per sq.ft in 2017 to Rs 520 per sq.ft in 2023 and remained the same in 2024, reflecting a 49% increase overall from 2017 to 2024.

Which office handles the registration for Nri ஃபார்ஸட் சிட்டி பேஸ் 3?

The Manavalanagar Sub Registrar Office handles the registration for Nri ஃபார்ஸட் சிட்டி பேஸ் 3, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.

What are the stamp duty and registration fees for property in Nri ஃபார்ஸட் சிட்டி பேஸ் 3?

For a 1,000 sq.ft plot, the stamp duty would be Rs 36,400, and the registration fee would be Rs 10,400, totaling Rs 46,800 based on the current guideline value of Rs 5,20,000.

What is the land classification of Nri ஃபார்ஸட் சிட்டி பேஸ் 3?

Nri ஃபார்ஸட் சிட்டி பேஸ் 3 is classified as Residential Class II Type - I, indicating its suitability for residential development.