Guideline Value for Namachivayam Avenue

Namachivayam Avenue guideline value

The current guideline value of Namachivayam Avenue is Rs 1,100 per sq.ft, as per the 2023 revision. This street is located in Urapakkam village, under the Gooduvancheri SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of Namachivayam Avenue has changed

Over the years, the guideline value of Namachivayam Avenue has seen several revisions. The 2007 revision set the value at Rs 600 per sq.ft, which increased significantly to Rs 1,100 per sq.ft in the 2012 revision, marking an increase of 83%. However, between the 2012 and 2017 revisions, the value dropped to Rs 737 per sq.ft, reflecting a decrease of 33%. The most recent revision in 2023 brought the guideline value back up to Rs 1,100 per sq.ft, representing a 49% increase from the 2017 figure.

In summary, from the 2007 revision to the 2023 revision, the overall increase in guideline value is 83%. Notably, there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Urapakkam

Currently, there are no specific village figures provided for Urapakkam. Namachivayam Avenue is one of the streets under the jurisdiction of the Gooduvancheri SRO.

Stamp duty and registration fee for property in Namachivayam Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Namachivayam Avenue?

The Sub Registrar Office that covers Namachivayam Avenue 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 information.

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

The guideline value is a crucial factor during property transactions in Urapakkam. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees that need to be paid during the sale process.

When buying or selling property, it is essential to consider the guideline value, as it ensures compliance with local regulations and helps in the accurate assessment of transaction costs.

Frequently asked questions

What is the current guideline value of Namachivayam Avenue?

The current guideline value of Namachivayam Avenue is Rs 1,100 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2012, then decreased to Rs 737 per sq.ft in 2017, and finally returned to Rs 1,100 per sq.ft in 2023.

What is the stamp duty rate for property in Namachivayam Avenue?

The stamp duty rate for property in Namachivayam Avenue is 7% of the guideline value or the sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

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

Are there any guideline values for Urapakkam village?

Currently, there are no specific village figures provided for Urapakkam, but Namachivayam Avenue is one of the streets under the Gooduvancheri SRO.