Guideline Value for Nagarathinam Nagar

Nagarathinam Nagar guideline value

The current guideline value of Nagarathinam Nagar is Rs 1,200 per sq.ft, as per the 2023 revision. This area falls under the Gooduvancheri SRO and is classified as Residential Class I Type - I.

How the guideline value of Nagarathinam Nagar has changed

Over the years, the guideline value of Nagarathinam Nagar has seen several revisions. The 2007 revision set the value at Rs 550 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2012 revision. However, in 2017, the value dropped to Rs 804 per sq.ft, before rising significantly to Rs 1,200 per sq.ft in the 2023 revision.

From 2017 to 2023, the guideline value increased by 49%. The 2012 to 2017 period saw a decrease of 33%, while the value rose impressively by 118% from 2007 to 2012. Overall, from 2007 to 2023, the guideline value has increased by 118%.

Guideline values in Vandalur

Nagarathinam Nagar is one of the areas in Vandalur, which is covered under the Gooduvancheri SRO. There are no specific village figures available for this area.

Stamp duty and registration fee for property in Nagarathinam Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Nagarathinam Nagar?

The Sub Registrar Office that covers Nagarathinam Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Vandalur. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable during the transaction.

When a buyer approaches the registration office, the guideline value will be considered alongside the sale price. The higher of the two will be used to compute the applicable duties and fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Nagarathinam Nagar?

The current guideline value of Nagarathinam Nagar is Rs 1,200 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed multiple times, with the most recent revision in 2023 setting it at Rs 1,200 per sq.ft. It was Rs 804 per sq.ft in 2017, Rs 1,200 per sq.ft in 2012, and Rs 550 per sq.ft in 2007.

What is the classification of land in Nagarathinam Nagar?

Nagarathinam Nagar is classified as Residential Class I Type - I, indicating its designation for residential development.

What is the stamp duty rate for properties in Nagarathinam Nagar?

The stamp duty rate for properties in Nagarathinam Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Nagarathinam Nagar located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.