Guideline Value for Narashimhapuram

Narashimhapuram guideline value

The current guideline value of Narashimhapuram is Rs 1,200 per sq.ft, as per the 2023 revision. This area falls under the Gooduvancheri Sub Registrar Office, classified as Residential Class I Type - I.

How the guideline value of Narashimhapuram has changed

Since the 2007 revision, the guideline value has seen significant changes. In 2007, the value was Rs 450 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2012 revision. However, it then dropped to Rs 804 per sq.ft in 2017. The most recent revision in 2023 saw a rise to Rs 1,200 per sq.ft again, marking a 49% increase from 2017.

Overall, from 2007 to 2023, the guideline value has increased by 167%. The revisions for the years 2002, 2003, and 2024 do not have figures listed for this street.

Guideline values in Vandalur

Currently, there are no specific village figures available for Vandalur. Narashimhapuram is one of the streets under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Narashimhapuram

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. 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 further calculations.

Which Sub Registrar Office covers Narashimhapuram?

The Gooduvancheri Sub Registrar Office covers Narashimhapuram. The office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Vandalur. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is either based on the current market value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Narashimhapuram?

The current guideline value of Narashimhapuram is Rs 1,200 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 450 per sq.ft in 2007 to Rs 1,200 per sq.ft in 2012, then decreased to Rs 804 per sq.ft in 2017, and returned to Rs 1,200 per sq.ft in 2023.

What are the stamp duty and registration fees for property in Narashimhapuram?

For a property valued at Rs 12,00,000, the stamp duty at 7% is Rs 84,000, and the registration fee at 2% is Rs 24,000, totaling Rs 1,08,000.

Which office handles registrations for Narashimhapuram?

The registrations for Narashimhapuram are handled by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202.

Are there any other streets in Vandalur with guideline values?

No specific figures for other streets in Vandalur are provided at this time, and Narashimhapuram is the only street mentioned under the Gooduvancheri SRO.