Guideline Value for Nanbargal Nagar

Nanbargal Nagar guideline value

The current guideline value of Nanbargal Nagar 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 has changed

Over the years, the guideline value for Nanbargal Nagar has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2023 revision, where it was still Rs 600 per sq.ft. The 2017 revision recorded a lower value of Rs 402 per sq.ft, showing a decrease of 33% from the 2012 figure. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, the guideline value increased by 49%, and from 2012 to 2024, it has remained stable at Rs 600 per sq.ft. Thus, the guideline value has not changed overall from 2012 to 2024, despite the fluctuations in earlier years.

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 is Rs 402 per sq.ft, placing Nanbargal Nagar's 2024 figure above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. Note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nanbargal Nagar?

Nanbargal Nagar falls under the jurisdiction of 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 buying or selling property in Karasangal. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is documented correctly and legally.

When registering a property, the guideline value helps determine the official price at which the property is valued for taxation purposes. Buyers and sellers should be aware of the current guideline values to ensure compliance with local regulations and to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Nanbargal Nagar?

The current guideline value of Nanbargal Nagar 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 since 2012, with a notable increase of 49% from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023. There were no figures for the years 2002, 2003, and 2007.

What other streets have similar guideline values?

Other streets in Karasangal, such as Nanbargal Avenue Extension, Nanbargal Nagar Extension, and Nanbargal Avenue, also have a guideline value of Rs 600 per sq.ft as of 2024.

What are the stamp duty and registration fees for properties in Nanbargal Nagar?

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Nanbargal Nagar located?

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