Guideline Value for Nansi Nagar (Extn)

Nansi Nagar (Extn) guideline value

The current guideline value of Nansi Nagar (Extn) is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Atanancheri village and falls under the Gooduvancheri SRO. The land classification for this locality is Residential Special Type - I.

How the guideline value of Nansi Nagar (Extn) has changed

The guideline value for Nansi Nagar (Extn) has seen several revisions over the years. In the 2007 revision, the guideline value was Rs 160 per sq.ft, which increased significantly to Rs 600 per sq.ft in the 2012 revision, marking a 275% increase. However, it then decreased to Rs 402 per sq.ft in the 2017 revision, a reduction of 33%. The value remained at Rs 600 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 275%.

Guideline values in Atanancheri

In Atanancheri, there are 83 streets under the Gooduvancheri SRO that have a 2024 guideline value ranging from Rs 400 to Rs 2,500 per sq.ft, with a median value of Rs 700 per sq.ft. Nansi Nagar (Extn) has a 2024 guideline value that is below this median.

• Nanci Nagar: Rs 600 per sq.ft (2024)
• Naveen Nagar: Rs 600 per sq.ft (2024)
• M.K.R. Nagar: Rs 600 per sq.ft (2024)
• Mantharayalaya Nagar: Rs 600 per sq.ft (2024)
• Periyar Street: Rs 600 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Nansi Nagar (Extn)

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nansi Nagar (Extn)?

The Sub Registrar Office that covers Nansi Nagar (Extn) is 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 Atanancheri

The guideline value is a crucial factor in the registration of property transactions in Atanancheri. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for assessing the transaction value. Buyers and sellers must be aware of this value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Nansi Nagar (Extn)?

The current guideline value of Nansi Nagar (Extn) is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent changes showing no increase from 2023 to 2024, while there was a significant increase of 49% from 2017 to 2023.

What is the land classification for Nansi Nagar (Extn)?

Nansi Nagar (Extn) is classified as Residential Special Type - I, which indicates its suitability for residential development.

What are the stamp duty and registration fees for a property in Nansi Nagar (Extn)?

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.

Where is the Gooduvancheri Sub Registrar Office located?

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