Guideline Value for Nanbargal Avenue Extension

Nanbargal Avenue Extension guideline value

The current guideline value of Nanbargal Avenue Extension is Rs 600 per sq.ft, effective from 1 July 2024. This property is located in Karasangal village under the Sriperumpudur SRO and is classified as Residential Special Type - II.

How the guideline value of Nanbargal Avenue Extension has changed

The guideline value for Nanbargal Avenue Extension has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged in the 2017 revision. However, the 2017 revision saw a significant increase of 49% from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023. The 2024 revision has maintained this value at Rs 600 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 600 per sq.ft.

Guideline values in Karasangal

In Karasangal village, there are 59 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 3,550 per sq.ft. The median value for these streets is Rs 402 per sq.ft, placing the 2024 value of Nanbargal Avenue Extension above this median.

• Nanbargal Avenue: Rs 600 per sq.ft (2024)
• Nanbargal Nagar: Rs 600 per sq.ft (2024)
• Nanbargal Nagar Extension: Rs 600 per sq.ft (2024)
• Nallatchi Amman Nagar: Rs 250 per sq.ft (2024)
• Nallatchi Amman Extension: Rs 250 per sq.ft (2024)
• Naveen Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Nanbargal Avenue Extension

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total to Rs 54,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Nanbargal Avenue Extension?

The Sub Registrar Office that covers Nanbargal Avenue Extension is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Karasangal. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

When a property is sold, the guideline value is used to assess the official value of the property, ensuring that the correct fees are calculated based on either the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Nanbargal Avenue Extension?

The current guideline value of Nanbargal Avenue Extension is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft from 2012 to 2024, with a significant increase from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023. There are no figures available for the years 2002, 2003, and 2007.

What is the land classification for Nanbargal Avenue Extension?

Nanbargal Avenue Extension is classified as Residential Special Type - II, which is relevant for determining its guideline value and potential use.

What are the stamp duty and registration fees for a property in this area?

For a 1,000 sq.ft plot valued at Rs 600 per sq.ft, the total guideline value is Rs 6,00,000. The stamp duty would be Rs 42,000 and the registration fee Rs 12,000, totaling Rs 54,000.

Where can I find the Sub Registrar Office for Nanbargal Avenue Extension?

The Sub Registrar Office for Nanbargal Avenue Extension is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.