Guideline Value for Nagoda Nagar

Nagoda Nagar guideline value

The current guideline value of Nagoda Nagar, located in Madhavaram village under the Madhavaram SRO, is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - I.

How the guideline value of Nagoda Nagar has changed

The guideline value for Nagoda Nagar has seen significant changes over the years. In the 2017 revision, the value was Rs 804 per sq.ft. This increased to Rs 1,300 per sq.ft in the 2024 revision, marking a change of +62% from the previous figure. It is important to note that the register has no figure for this street in the years 2023, 2012, 2007, 2003, and 2002.

From the 2017 revision to the 2024 revision, the increase reflects a notable adjustment in the guideline value. The absence of figures for the other revisions indicates that there was no recorded change during those years for Nagoda Nagar.

Guideline values in Madhavaram

In Madhavaram, there are a total of 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, placing Nagoda Nagar's current value below this median.

• Nagavalli Avenue, Ponniammanmedu (Ward-23): Rs 1,300 per sq.ft (2024)
• Nagavalli Avenue 3rd Street (Ward 23): Rs 1,300 per sq.ft (2024)
• Nagavalli Avenue 2nd Street (Ward 23): Rs 1,300 per sq.ft (2024)
• Nagavalli Avenue 1st Street (Ward 23): Rs 1,300 per sq.ft (2024)
• Nagavalli Avenue: Rs 1,300 per sq.ft (2024)
• Nagappa Estate (Ward-30): Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Nagoda Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total cost for these fees to Rs 1,17,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nagoda Nagar?

The Sub Registrar Office covering Nagoda Nagar is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value serves as a reference point for determining the stamp duty and registration fees when buying or selling property in Madhavaram. It is crucial for both buyers and sellers to be aware of the guideline value to ensure compliance with local regulations during property transactions.

When a property is registered, the guideline value is used to calculate the applicable fees. This ensures that the transaction is documented accurately and that all necessary taxes are paid according to the established rates.

Frequently asked questions

What is the current guideline value of Nagoda Nagar?

The current guideline value of Nagoda Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value increased from Rs 804 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2024, reflecting a change of +62%.

Are there any years with no recorded guideline value for Nagoda Nagar?

Yes, the register has no figure for Nagoda Nagar in the years 2023, 2012, 2007, 2003, and 2002.

What is the median guideline value for streets in Madhavaram?

The median guideline value for streets in Madhavaram is Rs 1,600 per sq.ft, which is higher than the current value of Nagoda Nagar.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can visit the office for registration services.