Guideline Value for Narmatha Extension

Narmatha Extension guideline value

The current guideline value of Narmatha Extension is Rs 1,540 per sq.ft, effective from 1 July 2024. This area is located in Chennerkuppam village under the Kunrathur SRO, classified as Residential Class I Type - II.

How the guideline value of Narmatha Extension has changed

Starting from the 2007 revision, the guideline value was Rs 450 per sq.ft. It saw a significant increase to Rs 1,400 per sq.ft in the 2012 revision, which was a rise of 211%. However, in the 2017 revision, the value decreased to Rs 938 per sq.ft, marking a decline of 33%. The value then increased substantially to Rs 1,400 per sq.ft in 2023, followed by a further rise to Rs 1,540 per sq.ft in the 2024 revision, which is an increase of 10%.

Overall, from 2007 to 2024, the guideline value has increased by 242%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Chennerkuppam

In Chennerkuppam, there are 74 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 6,895 per sq.ft. The median guideline value is Rs 1,540 per sq.ft, which is equal to the current value of Narmatha Extension.

• Narmatha Enclave: Rs 1,540 per sq.ft (2024)
• Navaler Street: Rs 1,320 per sq.ft (2024)
• M.R. Avenue: Rs 1,540 per sq.ft (2024)
• M.M. Koil Street (a) Mariamman Koil Street: Rs 1,540 per sq.ft (2024)
• Pallavan Nagar: Rs 1,320 per sq.ft (2024)
• Mettu Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Narmatha Extension

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, making the total Rs 1,38,600. 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 more details.

Which Sub Registrar Office covers Narmatha Extension?

The Narmatha Extension area is covered by the Kunrathur Sub Registrar Office, located at No.59. Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Chennerkuppam. It determines the minimum value on which stamp duty and registration fees are calculated.

Buyers and sellers must be aware that the guideline value can impact the overall cost of transactions. It is essential to refer to the latest figures to ensure compliance with the registration requirements.

Frequently asked questions

What is the current guideline value of Narmatha Extension?

The current guideline value of Narmatha Extension is Rs 1,540 per sq.ft, effective from 1 July 2024.

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 1,540 per sq.ft in 2024, reflecting an overall increase of 242% over the years.

What are the other streets in Chennerkuppam with their guideline values?

Other streets in Chennerkuppam include Narmatha Enclave and M.R. Avenue, both at Rs 1,540 per sq.ft, as well as Navaler Street, Pallavan Nagar, and Mettu Street, with values ranging from Rs 1,320 to Rs 1,540 per sq.ft.

How is stamp duty calculated in Narmatha Extension?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft property at the current guideline value would incur a stamp duty of Rs 1,07,800.

Where can I find the Sub Registrar Office for Narmatha Extension?

The Kunrathur Sub Registrar Office covers Narmatha Extension, located at No.59. Road Street, Kundrathur, Chennai -600 069. You can find more details through the provided link.