Guideline Value for Nanjil Nagar-I,II

Nanjil Nagar-I,II guideline value

The current guideline value for Nanjil Nagar-I,II is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Adhanoor village, under the Gooduvancheri SRO, classified as Residential Special Type - I.

How the guideline value of Nanjil Nagar-I,II has changed

Over the years, the guideline value for Nanjil Nagar-I,II has seen several revisions. The 2007 revision recorded a value of Rs 585 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2012 revision. However, in the 2017 revision, the value dropped to Rs 670 per sq.ft. The 2023 revision maintained the value at Rs 1,000 per sq.ft, and the current 2024 revision also holds the same figure, indicating no change from the previous year.

From 2017 to 2023, there was a significant increase of 49%. The overall change from the 2007 revision to the current 2024 revision reflects an increase of 71%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO, with the 2024 guideline values ranging from Rs 670 to Rs 3,000 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft, which aligns with the current guideline value for Nanjil Nagar-I,II. Below are the guideline values for other streets in Adhanoor:

• Nedunsalai Nagar: Rs 1,000 per sq.ft (2024)
• Muthumari Amman Koil Street: Rs 1,000 per sq.ft (2024)
• Muthammal Nagar: Rs 1,493 per sq.ft (2024)
• Murugathal Nagar: Rs 1,000 per sq.ft (2024)
• Murugadoss Nagar: Rs 1,000 per sq.ft (2024)
• Moorthi Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Nanjil Nagar-I,II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees together to Rs 90,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nanjil Nagar-I,II?

The Nanjil Nagar-I,II area falls under the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Adhanoor. It is used to determine the stamp duty and registration fees payable when buying or selling property. The guideline value ensures that the government receives appropriate revenue based on the property's assessed value.

When registering a property, the buyer must pay the stamp duty and registration fees based on the guideline value or the actual sale price, whichever is higher. This practice helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Nanjil Nagar-I,II?

The current guideline value of Nanjil Nagar-I,II is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, with the most recent being Rs 1,000 per sq.ft in both 2023 and 2024. The value was Rs 670 per sq.ft in 2017 and Rs 585 per sq.ft in 2007.

What are the stamp duty and registration fees for property in Nanjil Nagar-I,II?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 at 7%, and the registration fee would be Rs 20,000 at 2%, totaling Rs 90,000. Duty is charged on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers Nanjil Nagar-I,II?

The Gooduvancheri Sub Registrar Office covers Nanjil Nagar-I,II, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

What is the land classification of Nanjil Nagar-I,II?

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