Guideline Value for Nandha Nagar

Nandha Nagar guideline value

The current guideline value of Nandha Nagar is Rs 700 per sq.ft, as per the 2023 revision. This area is located in Rathinamangalam village, under the jurisdiction of the Gooduvancheri SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Nandha Nagar has changed

The guideline value for Nandha Nagar has seen several revisions over the years. In the 2007 revision, the guideline value was set at Rs 400 per sq.ft, which increased to Rs 700 per sq.ft in the 2012 revision, marking a significant rise of 75%. However, in the 2017 revision, the value dropped to Rs 469 per sq.ft, a decrease of 33% from the previous figure. The most recent revision in 2023 brought the guideline value back up to Rs 700 per sq.ft, reflecting an increase of 49% from 2017.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 75%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Rathinamangalam

Currently, there are no specific village figures provided for Rathinamangalam. Nandha Nagar is one of the streets under the Gooduvancheri SRO, and there are no other streets in Rathinamangalam listed with guideline values.

Stamp duty and registration fee for property in Nandha Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total cost for these fees to Rs 63,000. It is essential to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nandha Nagar?

Nandha Nagar falls under the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Rathinamangalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the property transfer process.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and fairly, reflecting the official value assigned to the property by the authorities. This value is essential for both the buyer and seller to understand the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Nandha Nagar?

The current guideline value of Nandha Nagar is Rs 700 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 700 per sq.ft in 2012, then decreased to Rs 469 per sq.ft in 2017, and finally returned to Rs 700 per sq.ft in 2023.

What is the stamp duty rate for properties in Nandha Nagar?

The stamp duty rate for properties in Nandha Nagar is 7% of the guideline value or sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is the guideline value determined for property transactions?

The guideline value is determined by the Registration Department and is used as a reference for calculating stamp duty and registration fees during property transactions in Rathinamangalam.