Guideline Value for Narmatha Enclave

Narmatha Enclave guideline value

The current guideline value of Narmatha Enclave, located in Ayyencheri village under the Gooduvancheri SRO, is Rs 1,500 per sq.ft. This value was established in the 2023 revision. The land classification for this area is Residential Special Type - II.

How the guideline value of Narmatha Enclave has changed

The guideline value for Narmatha Enclave has seen several revisions over the years. In 2007, the guideline value was Rs 402 per sq.ft. This increased significantly to Rs 1,500 per sq.ft in the 2012 revision, marking a rise of 273%. However, in the 2017 revision, the value decreased to Rs 1,005 per sq.ft, which was a drop of 33%. The most recent revision in 2023 set the guideline value back to Rs 1,500 per sq.ft, reflecting a 49% increase from 2017.

Overall, from 2007 to 2023, the guideline value has increased by 273%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Ayyencheri

Currently, there are no specific village figures available for Ayyencheri. Narmatha Enclave is a part of the Gooduvancheri SRO. The other streets in Ayyencheri have no figures provided.

Stamp duty and registration fee for property in Narmatha Enclave

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value would be Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Narmatha Enclave?

The Narmatha Enclave is covered by 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 Ayyencheri

The guideline value plays a crucial role in property transactions in Ayyencheri. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This ensures that the government collects the appropriate revenue based on the established values.

During the registration process, buyers must be aware that the stamp duty is calculated on the higher of the guideline value or the sale price. This means that if the sale price exceeds the guideline value, the stamp duty will be based on that higher amount.

Frequently asked questions

What is the current guideline value of Narmatha Enclave?

The current guideline value of Narmatha Enclave is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 402 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and returned to Rs 1,500 per sq.ft in 2023.

What is the land classification for Narmatha Enclave?

The land classification for Narmatha Enclave is Residential Special Type - II.

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.

How is stamp duty calculated in Ayyencheri?

Stamp duty in Ayyencheri is calculated based on the higher of the guideline value or the sale price. This ensures that the appropriate fees are collected during property transactions.