Guideline Value for Nageswara rao Road

Nageswara rao Road guideline value

The current guideline value of Nageswara rao Road is Rs 3,601 per sq.ft, effective from 1 July 2024. This road is located in 5. Athipattu village under the Konnur SRO, classified as Industries Type - II.

How the guideline value of Nageswara rao Road has changed

The guideline value of Nageswara rao Road has undergone several revisions over the years. The 2017 revision set the value at Rs 2,211 per sq.ft, which increased to Rs 3,300 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 has further raised the guideline value to Rs 3,601 per sq.ft, reflecting a 9% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 63%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in 5. Athipattu

In 5. Athipattu, there are 119 streets under the Konnur SRO, with guideline values ranging from Rs 1,100 to Rs 7,650 per sq.ft. The median guideline value in this village is Rs 2,200 per sq.ft, positioning Nageswara rao Road's 2024 figure above that median.

• Nadesan Nagar: Rs 2,750 per sq.ft (2024)
• Narmada Street (ICF Colony): Rs 2,400 per sq.ft (2024)
• Munuswamy Street: Rs 2,750 per sq.ft (2024)
• Mullai Street: Rs 2,200 per sq.ft (2024)
• Nehru Street 1Street(Chelliamman nagar): Rs 2,200 per sq.ft (2024)
• Nehru Street 2Street(Chelliamman nagar): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Nageswara rao Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,601 per sq.ft, the total guideline value amounts to Rs 36,01,000. The stamp duty at 7% would be Rs 2,52,070, and the registration fee at 2% would be Rs 72,020, bringing the total cost to Rs 3,24,090. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nageswara rao Road?

The Sub Registrar Office that covers Nageswara rao Road is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 5. Athipattu

The guideline value is a crucial factor in the registration process when buying or selling property in 5. Athipattu. It helps determine 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 compared to the sale price, and the higher of the two is used to calculate applicable duties. This ensures that the fees are based on a fair valuation of the property being transferred.

Frequently asked questions

What is the current guideline value of Nageswara rao Road?

The current guideline value of Nageswara rao Road is Rs 3,601 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 63% overall. The value rose from Rs 2,211 per sq.ft in 2017 to Rs 3,601 per sq.ft in 2024.

What is the median guideline value in 5. Athipattu?

The median guideline value in 5. Athipattu is Rs 2,200 per sq.ft, with Nageswara rao Road's 2024 figure being above this median.

What are the stamp duty rates for properties in Nageswara rao Road?

The stamp duty rate for properties in Nageswara rao Road is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Nageswara rao Road?

The Konnur Sub Registrar Office covers Nageswara rao Road, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.