Guideline Value for NVIGNESH NAGAR NINNAIKARAI (WARD -19)

Nvignesh Nagar Ninnaikarai (Ward -19) guideline value

The current guideline value for Nvignesh Nagar Ninnaikarai (Ward -19) is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Sattamangalam 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

Over the years, the guideline value for Nvignesh Nagar Ninnaikarai has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which was then reduced to Rs 402 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 600 per sq.ft, and the latest revision in 2024 has raised it to Rs 660 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. The 2023 to 2024 revision reflects a 10% increase. Overall, comparing the 2012 figure to the current 2024 figure, there has been a 10% increase in the guideline value.

Guideline values in Sattamangalam

In Sattamangalam village, there are a total of 425 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 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 for Nvignesh Nagar Ninnaikarai (Ward -19) below this median.

• Nirmal Nagar (Per): Rs 440 per sq.ft (2024)
• Om Sakthi Street (Per): Rs 660 per sq.ft (2024)
• Om Sakthi Street (Ward -15): Rs 440 per sq.ft (2024)
• Nh2 Extension (Ward -7): Rs 1,320 per sq.ft (2024)
• Osiya Nagar: Rs 990 per sq.ft (2024)
• Ottakoothar Street (Ward -6): Rs 1,320 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 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. It's important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Nvignesh Nagar Ninnaikarai (Ward -19)?

The Sub Registrar Office that covers Nvignesh Nagar Ninnaikarai (Ward -19) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Sattamangalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is used to assess the applicable duties, ensuring that the transaction is recorded accurately. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the property transaction process.

Frequently asked questions

What is the current guideline value for Nvignesh Nagar Ninnaikarai (Ward -19)?

The current guideline value for Nvignesh Nagar Ninnaikarai (Ward -19) is Rs 660 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 back to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for Nvignesh Nagar Ninnaikarai?

Nvignesh Nagar Ninnaikarai is classified as Residential Class I Type - III, indicating its suitability for residential development.

How does the guideline value compare to other streets in Sattamangalam?

The guideline value for Nvignesh Nagar Ninnaikarai is Rs 660 per sq.ft, which is below the median guideline value of Rs 1,100 per sq.ft for other streets in Sattamangalam.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.