Guideline Value for NT nagar Extension

NT nagar Extension guideline value

The current guideline value of NT nagar Extension in Nallur village is Rs 700 per sq.ft, effective from 1 July 2024. This area falls under the Sriperumpudur Sub Registrar Office (SRO) and is classified as Mixed Type - II land.

How the guideline value of NT nagar Extension has changed

In the 2012 revision, the guideline value was set at Rs 700 per sq.ft. This figure remained unchanged in the subsequent revisions of 2017 and 2023. In 2017, the value had previously been Rs 469 per sq.ft, marking a significant increase of 49%. The guideline value from 2012 to 2017 saw a decrease of 33%, but overall, from 2012 to 2024, the value has remained constant at Rs 700 per sq.ft.

The 2024 revision shows no change from the 2023 figure, which is also Rs 700 per sq.ft. There are no figures available for the years 2002, 2003, and 2007 for this street in the register.

Guideline values in Nallur

In Nallur, there are 33 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 126 to Rs 700 per sq.ft, with a median value of Rs 250 per sq.ft. The guideline value for NT nagar Extension is above this median.

• New Tambaram Avenue: Rs 450 per sq.ft (2024)
• Mangala Nagar: Rs 175 per sq.ft (2024)
• Ramakrishna Nagar: Rs 200 per sq.ft (2024)
• Ranji Nagar: Rs 126 per sq.ft (2024)
• Krishna nagar: Rs 350 per sq.ft (2024)
• KJR nagar: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in NT nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, making a total of Rs 63,000. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers NT nagar Extension?

The NT nagar Extension falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Nallur. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty based on this value.

When a property is sold, the guideline value helps establish the official sale price for registration purposes. Buyers and sellers must consider this value to ensure compliance with legal requirements and to avoid any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value of NT nagar Extension?

The current guideline value of NT nagar Extension is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft in the revisions of 2012, 2017, and 2023. There was a significant increase of 49% from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023.

What is the land classification for NT nagar Extension?

NT nagar Extension is classified as Mixed Type - II land, which influences its guideline value and usage.

Where can I find the Sub Registrar Office for NT nagar Extension?

The Sub Registrar Office for NT nagar Extension is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in NT nagar Extension?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 700 per sq.ft would have a total guideline value of Rs 7,00,000, resulting in a stamp duty of Rs 49,000.