Guideline Value for Nandagopal Nagar

Nandagopal Nagar guideline value

The current guideline value of Nandagopal Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur A village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Nandagopal Nagar has changed

In the 2017 revision, the guideline value was set at Rs 469 per sq.ft. This figure remained unchanged in the 2023 revision, where it stayed at Rs 700 per sq.ft. The 2024 revision also maintains the guideline value at Rs 700 per sq.ft, resulting in a 49% increase from the 2017 figure to both the 2023 and 2024 values.

There are no figures available for the years 2002, 2003, 2007, and 2012 for Nandagopal Nagar. Therefore, the only revisions that show a guideline value are from 2017, 2023, and 2024, with no change noted from 2023 to 2024.

Guideline values in Sriperumbudur A

In Sriperumbudur A village, a total of 238 streets under the Sriperumpudur SRO have a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, which is equal to the current guideline value of Nandagopal Nagar.

• Nanthagopal Reddy Avenue: Rs 1,200 per sq.ft (2024)
• Navaneetham Nagar: Rs 700 per sq.ft (2024)
• Nazareth Nagar: Rs 1,200 per sq.ft (2024)
• Nehru Street: Rs 700 per sq.ft (2024)
• Nethaji Nagar: Rs 1,200 per sq.ft (2024)
• New Ramanujar Nagar: Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Nandagopal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total cost to Rs 63,000. Please 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 Nandagopal Nagar?

The Sub Registrar Office that covers Nandagopal Nagar 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 Sriperumbudur A

The guideline value is a crucial factor in property transactions in Sriperumbudur A, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure that the registration process adheres to the legal requirements set by the Registration Department.

When a property is bought or sold, the guideline value is used to calculate the applicable stamp duty and registration fees. It is essential for both parties to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Nandagopal Nagar?

The current guideline value of Nandagopal Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49%, remaining at Rs 700 per sq.ft in both the 2023 and 2024 revisions.

What is the land classification for Nandagopal Nagar?

Nandagopal Nagar is classified as Residential Class III Type - I, which indicates its designated use for residential purposes.

Where is the Sub Registrar Office for Nandagopal Nagar located?

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

How is the stamp duty calculated for properties in Nandagopal Nagar?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 700 per sq.ft results in a total guideline value of Rs 7,00,000, leading to a stamp duty of Rs 49,000.