Guideline Value for NSR காலனி

Nsr காலனி guideline value

The current guideline value of Nsr காலனி is Rs 612 per sq.ft, effective from 1 July 2024. This street is located in Nenmeli village under the Chengleput Joint I SRO and is classified as Residential Special Type - II.

How the guideline value of Nsr காலனி has changed

Since the 2017 revision, the guideline value for Nsr காலனி has increased from Rs 410 per sq.ft to Rs 612 per sq.ft in 2024, marking a significant change of 49%. The 2023 revision maintained the same rate of Rs 612 per sq.ft as in 2024, showing no change between these two years. The register has no figures for the years 2002, 2003, 2007, and 2012.

To summarize the revisions: the 2017 revision was Rs 410 per sq.ft, which rose to Rs 612 per sq.ft in both the 2023 and 2024 revisions. Therefore, the overall increase from 2017 to 2024 is also 49%.

Guideline values in Nenmeli

Nenmeli village has 53 streets under the Chengleput Joint I SRO with a 2024 guideline value ranging from Rs 400 to Rs 2,500 per sq.ft. The median guideline value in this village is Rs 612 per sq.ft, which is the same as the guideline value for Nsr காலனி.

• Nbj Avenue: Rs 1,195 per sq.ft (2024)
• M.V.R.Garden: Rs 1,045 per sq.ft (2024)
• P.T.S.Nagar: Rs 500 per sq.ft (2024)
• Rajeswari Nagar: Rs 550 per sq.ft (2024)
• Raj Garden: Rs 500 per sq.ft (2024)
• Ram Ravi Nagar: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Nsr காலனி

For a 1,000 sq.ft plot at the current guideline value of Rs 612 per sq.ft, the total guideline value amounts to Rs 6,12,000. The stamp duty at 7% would be Rs 42,840, and the registration fee at 2% would be Rs 12,240, bringing the total cost for these fees to Rs 55,080. Please note that 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 Nsr காலனி?

The Sub Registrar Office that covers Nsr காலனி is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial figure used during the registration of property transactions in Nenmeli. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that both buyers and sellers are aware of the official value assigned to a property.

When buying or selling property in Nenmeli, the guideline value helps determine the financial obligations associated with the transaction. It is essential for both parties to understand this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Nsr காலனி?

The current guideline value for Nsr காலனி is Rs 612 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 410 per sq.ft in 2017 to Rs 612 per sq.ft in 2024, reflecting a 49% increase overall. The values for 2023 and 2024 are the same at Rs 612 per sq.ft.

What are the other streets in Nenmeli and their guideline values?

Other streets in Nenmeli include Nbj Avenue at Rs 1,195 per sq.ft, M.V.R.Garden at Rs 1,045 per sq.ft, and P.T.S.Nagar at Rs 500 per sq.ft, among others.

What are the stamp duty and registration fees for property in Nsr காலனி?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 6,12,000, the total fees would amount to Rs 55,080.

Where is the Sub Registrar Office for Nsr காலனி located?

The Chengleput Joint I Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles registrations for properties in Nsr காலனி.