Guideline Value for Narayana Nagar Phase-II

Narayana Nagar Phase-II guideline value

The current guideline value of Narayana Nagar Phase-II, located in Thirupanthiyoor village under the Sunguvarchattram SRO, is Rs 350 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification.

How the guideline value of Narayana Nagar Phase-II has changed

The guideline value for Narayana Nagar Phase-II has seen several revisions over the years. In 2012, the value was set at Rs 350 per sq.ft. This remained unchanged until the next revision in 2017, which saw a decrease to Rs 234 per sq.ft, marking a reduction of 33%. However, by 2023, the value increased by 50% to Rs 350 per sq.ft, and this figure remained the same in the 2024 revision, indicating no change from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 350 per sq.ft.

Guideline values in Thirupanthiyoor

In Thirupanthiyoor, there are 53 streets under the Sunguvarchattram SRO, with a guideline value range from Rs 200 to Rs 900 per sq.ft. The median value is Rs 350 per sq.ft, which is equal to the current guideline value of Narayana Nagar Phase-II.

• Naddu street: Rs 400 per sq.ft (2024)
• Ozone City: Rs 350 per sq.ft (2024)
• Mettu Street: Rs 250 per sq.ft (2024)
• Melandai Street: Rs 250 per sq.ft (2024)
• MathaKovil Street: Rs 400 per sq.ft (2024)
• Pazhaiyapannur Road: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Narayana Nagar Phase-II

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value would be Rs 3,50,000. The stamp duty at 7% would amount to Rs 24,500, while the registration fee at 2% would be Rs 7,000. Together, these fees total Rs 31,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Narayana Nagar Phase-II?

The Sub Registrar Office that covers Narayana Nagar Phase-II is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Thirupanthiyoor. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately, reflecting the official value assigned to the property by the government. This value is essential for legal and financial purposes, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Narayana Nagar Phase-II?

The current guideline value of Narayana Nagar Phase-II is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revisions showing Rs 350 per sq.ft in 2023 and 2024, a significant increase from Rs 234 per sq.ft in 2017.

What is the range of guideline values in Thirupanthiyoor?

In Thirupanthiyoor, guideline values range from Rs 200 to Rs 900 per sq.ft, with a median value of Rs 350 per sq.ft, which is also the current value for Narayana Nagar Phase-II.

What fees are associated with buying property in Narayana Nagar Phase-II?

When buying property, the stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total fee of Rs 31,500 based on the current guideline value.

Where can I find the Sub Registrar Office for Narayana Nagar Phase-II?

The Sub Registrar Office for Narayana Nagar Phase-II is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.