Guideline Value for Narayanan Nagar(Sri kanchi kamachi gardens)

Narayanan Nagar(Sri kanchi kamachi gardens) guideline value

The current guideline value for Narayanan Nagar(Sri kanchi kamachi gardens) is Rs 1,400 per sq.ft, effective from 1 July 2024. This area is located in Oragadam village under the Ambattur SRO, classified as Residential Class III Type - I.

How the guideline value of Narayanan Nagar(Sri kanchi kamachi gardens) has changed

The guideline value for Narayanan Nagar has seen significant changes over the years. The earliest recorded figure is from 2002, with a guideline value of Rs 76 per sq.ft. This increased to Rs 100 in 2003, followed by a rise to Rs 300 in 2007. The 2012 revision saw a further increase to Rs 1,300 per sq.ft, but this was followed by a decrease to Rs 871 in 2017. The guideline value then rose again to Rs 1,300 in 2023, before reaching the current figure of Rs 1,400 in 2024.

Between the revisions, there have been notable changes. From 2002 to 2024, the overall increase is +1,742%. The change from 2017 to 2023 was +49%, while the revision from 2012 to 2017 saw a decrease of -33%. The 2007 to 2012 revision had a significant increase of +333%, and from 2003 to 2007, the rise was +200%. The change from 2002 to 2003 was +32%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft, with a median of Rs 2,200 per sq.ft. Narayanan Nagar's 2024 figure of Rs 1,400 is below this median.

• Narayanasamy Street: Rs 2,400 per sq.ft (2024)
• Natesa pillai Street: Rs 1,900 per sq.ft (2024)
• Nathamuni Street (1st Ward): Rs 1,600 per sq.ft (2024)
• Nathamuni Street (Pudur): Rs 1,600 per sq.ft (2024)
• Nallamuthu Street: Rs 1,600 per sq.ft (2024)
• Nedunchezhiyan Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Narayanan Nagar(Sri kanchi kamachi gardens)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value would be Rs 14,00,000. The stamp duty at 7% would amount to Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total cost to Rs 1,26,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Narayanan Nagar(Sri kanchi kamachi gardens)?

The Sub Registrar Office covering Narayanan Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Oragadam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is sold, the registration office will assess the guideline value to ensure that the appropriate fees are collected. Buyers should be aware that the guideline value may differ from the actual sale price, and duty is charged on the higher of the two.

Frequently asked questions

What is the current guideline value of Narayanan Nagar?

The current guideline value of Narayanan Nagar(Sri kanchi kamachi gardens) is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 76 per sq.ft in 2002 to Rs 1,400 per sq.ft in 2024, marking an overall increase of +1,742% over the years.

What is the registration office for Narayanan Nagar?

The registration office for Narayanan Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

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

For a property valued at Rs 14,00,000, the stamp duty would be Rs 98,000 and the registration fee would be Rs 28,000, totaling Rs 1,26,000.

Where can I find more information about stamp duty and registration fees?

You can find more information about stamp duty and registration fees using our stamp duty and registration fee calculator.