Guideline Value for Nanbargal Avenue

Nanbargal Avenue guideline value

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

How the guideline value of Nanbargal Avenue has changed

Looking at the historical revisions, the guideline value for Nanbargal Avenue was Rs 600 per sq.ft in 2023, which remained unchanged in the 2024 revision. Prior to that, in 2017, the value was Rs 402 per sq.ft, marking a significant increase of 49% from 2017 to 2023. The 2012 revision also recorded a guideline value of Rs 600 per sq.ft, which indicates a decrease of 33% when compared to the 2017 figure.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained at Rs 600 per sq.ft, indicating no change during this period.

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 Nanbargal Avenue above this median.

• Nanbargal Avenue Extension: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total 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 duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nanbargal Avenue?

The Sub Registrar Office that covers Nanbargal Avenue 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 crucial factor in the registration process when buying or selling property in Karasangal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Nanbargal Avenue?

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

How has the guideline value changed over the years?

The guideline value has seen various changes, with a notable increase of 49% from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023, remaining at Rs 600 per sq.ft in 2024.

What is the land classification for Nanbargal Avenue?

Nanbargal Avenue is classified as Residential Special Type - II, indicating its designation for residential development.

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

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

How is stamp duty calculated for properties in Karasangal?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 6,00,000 would incur a stamp duty of Rs 42,000 at a rate of 7%.