Guideline Value for Nandhagopal Nagar

Nandhagopal Nagar guideline value

The current guideline value of Nandhagopal Nagar is Rs 1,322 per sq.ft, effective from 1 July 2024. This area is located in Melamaiyur village, under the Chengleput Joint I SRO, and is classified as Mixed Special Type - II.

How the guideline value of Nandhagopal Nagar has changed

The guideline value for Nandhagopal Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, but it decreased to Rs 1,005 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,200 per sq.ft in 2023, and most recently, it rose to Rs 1,322 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Between the revisions, the 2017 to 2023 period saw a 19% increase, while the 2012 to 2017 period experienced a significant decrease of 33%. Overall, from 2012 to 2024, the guideline value has decreased by 12%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Melamaiyur

In Melamaiyur, there are 37 streets under the Chengleput Joint I SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 3,000 per sq.ft. The median value for these streets is Rs 1,212 per sq.ft, placing Nandhagopal Nagar's 2024 figure above this median.

• Melamaiyur New Colony: Rs 1,322 per sq.ft (2024)
• Melamaiyur Colony: Rs 440 per sq.ft (2024)
• Manogari Avenue: Rs 1,650 per sq.ft (2024)
• Parvathi Nagar: Rs 1,100 per sq.ft (2024)
• Manickam Nagar: Rs 825 per sq.ft (2024)
• Lakshmi Nagar: Rs 1,212 per sq.ft (2024)

Stamp duty and registration fee for property in Nandhagopal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,322 per sq.ft, the total guideline value would be Rs 13,22,000. The stamp duty at 7% would amount to Rs 92,540, while the registration fee at 2% would be Rs 26,440. Together, the total cost for these fees would be Rs 1,18,980. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nandhagopal Nagar?

Nandhagopal Nagar falls under the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration process of property transactions in Melamaiyur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

Frequently asked questions

What is the current guideline value of Nandhagopal Nagar?

The current guideline value of Nandhagopal Nagar is Rs 1,322 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,322 per sq.ft in 2024.

What is the land classification of Nandhagopal Nagar?

Nandhagopal Nagar is classified as Mixed Special Type - II, which indicates the type of land use permitted in the area.

What are the stamp duty rates in Nandhagopal Nagar?

The stamp duty rate in Nandhagopal Nagar is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Nandhagopal Nagar?

The Chengleput Joint I Sub Registrar Office covers Nandhagopal Nagar and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.