Guideline Value for Nanbargal Nagar Extension

Nanbargal Nagar Extension guideline value

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

How the guideline value of Nanbargal Nagar Extension has changed

In the 2012 revision, the guideline value was set at Rs 600 per sq.ft. This remained unchanged in the subsequent revisions of 2017 and 2023, where the values were Rs 402 per sq.ft and Rs 600 per sq.ft respectively. The 2017 revision saw a significant increase of 49% from the 2012 figure. However, from 2023 to 2024, there was no change, maintaining the value at Rs 600 per sq.ft.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 600 per sq.ft, showing no percentage change.

Guideline values in Karasangal

In Karasangal, 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 guideline value of Nanbargal Nagar Extension above this median.

• Nanbargal Nagar: Rs 600 per sq.ft (2024)
• Nanbargal Avenue Extension: Rs 600 per sq.ft (2024)
• Nanbargal Avenue: 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 Nagar Extension

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 fees to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nanbargal Nagar Extension?

The Sub Registrar Office that covers Nanbargal Nagar 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 crucial factor when registering property transactions in Karasangal. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid at the time of registration.

When a buyer or seller engages in a property transaction, the guideline value helps determine the official value of the property, ensuring that all fees are calculated accurately based on the established rates. This process is essential for maintaining transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Nanbargal Nagar Extension?

The current guideline value of Nanbargal Nagar 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 notable increase of 49% from Rs 402 per sq.ft in 2017. There was no change from 2023 to 2024.

What is the land classification of Nanbargal Nagar Extension?

Nanbargal Nagar Extension is classified as Residential Special Type - II, which indicates its suitability for residential development.

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

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

How is stamp duty calculated for properties in Nanbargal Nagar Extension?

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