Guideline Value for NVIGNESH NAGAR NINNAIKARAI (WARD -19)

Nvignesh Nagar Ninnaikarai (Ward -19) guideline value

The current guideline value of Nvignesh Nagar Ninnaikarai (Ward -19) is Rs 661 per sq.ft, effective from 1 July 2024. This area is located in Peramanoor village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Class I Type - III.

How the guideline value of Nvignesh Nagar Ninnaikarai (Ward -19) has changed

Since the 2012 revision, the guideline value for Nvignesh Nagar Ninnaikarai has seen several changes. In 2012, the guideline value was Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in 2017. However, from 2017 to 2023, it increased significantly to Rs 600 per sq.ft, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 661 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peramanoor

In Peramanoor village, there are 430 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing the guideline value of Nvignesh Nagar Ninnaikarai below this median.

• Nirmal Nagar (Per): Rs 661 per sq.ft (2024)
• Om Sakthi Street (Per): Rs 661 per sq.ft (2024)
• Om Sakthi Street (Ward -15): Rs 550 per sq.ft (2024)
• Nh2 Extension (Ward -7): Rs 1,320 per sq.ft (2024)
• Ottakoothar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Paavanar Street (Ward -4): Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Nvignesh Nagar Ninnaikarai (Ward -19)

For a 1,000 sq.ft plot at the current guideline value of Rs 661 per sq.ft, the total guideline value would be Rs 6,61,000. The stamp duty at 7% would amount to Rs 46,270, while the registration fee at 2% would be Rs 13,220, totaling Rs 59,490. It is essential to note that the 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 Nvignesh Nagar Ninnaikarai (Ward -19)?

The Sub Registrar Office covering Nvignesh Nagar Ninnaikarai (Ward -19) 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 Peramanoor

The guideline value plays a crucial role in property transactions in Peramanoor. It is used to determine the stamp duty and registration fees during the purchase or sale of property. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When registering a property, the guideline value is referenced to calculate the applicable fees. This ensures that the transaction is recorded accurately and legally within the framework set by the local authorities.

Frequently asked questions

What is the current guideline value of Nvignesh Nagar Ninnaikarai?

The current guideline value of Nvignesh Nagar Ninnaikarai (Ward -19) is Rs 661 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 661 per sq.ft in 2024.

What is the land classification for Nvignesh Nagar Ninnaikarai?

The land classification for Nvignesh Nagar Ninnaikarai (Ward -19) is Residential Class I Type - III.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 6,61,000, the stamp duty would be Rs 46,270 and the registration fee would be Rs 13,220, totaling Rs 59,490.

Which office handles registrations for this area?

The Chengleput Joint II Sub Registrar Office handles registrations for Nvignesh Nagar Ninnaikarai (Ward -19), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.