Guideline Value for Navalar Neduncheziyan Nagar Fire Proof House

Navalar Neduncheziyan Nagar Fire Proof House guideline value

The current guideline value for the Navalar Neduncheziyan Nagar Fire Proof House is Rs 2,500 per sq.ft, effective from 1 July 2024. This property is located in Chindadripet village, under the Periamet SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Navalar Neduncheziyan Nagar Fire Proof House has changed

In the 2024 revision, the guideline value was set at Rs 2,500 per sq.ft. The register has no figures for this street in the years 2023, 2017, 2012, 2007, 2003, and 2002, indicating that there were no recorded values for these years.

Since the 2024 revision is the first recorded figure for this street, there are no changes to report between revisions, as there are no prior values available for comparison.

Guideline values in Chindadripet

In Chindadripet, there are 98 streets under the Periamet SRO that carry a 2024 guideline value ranging from Rs 2,500 to Rs 18,100 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value for Navalar Neduncheziyan Nagar Fire Proof House is below this median.

• Navalar Neduncheziyan Nagar Coovam River Side: Rs 2,500 per sq.ft (2024)
• Navalar Neduncheziyan Nagar Lanes Slum: Rs 2,500 per sq.ft (2024)
• Nedunchizhiyan Nagar(Hut): Rs 2,500 per sq.ft (2024)
• New balakrishna Pillai street: Rs 2,500 per sq.ft (2024)
• New Bungalow Street: Rs 4,900 per sq.ft (2024)
• Nagamani Mudali street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Navalar Neduncheziyan Nagar Fire Proof House

For a 1,000 sq.ft plot at the current guideline value of Rs 2,500 per sq.ft, the total guideline value amounts to Rs 25,00,000. The stamp duty at 7% would be Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, bringing the total fees together to Rs 2,25,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Navalar Neduncheziyan Nagar Fire Proof House?

The Navalar Neduncheziyan Nagar Fire Proof House falls under the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Chindadripet. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. This value is used to calculate the stamp duty and registration fees, which are essential components of the transaction process.

Frequently asked questions

What is the current guideline value for Navalar Neduncheziyan Nagar Fire Proof House?

The current guideline value for Navalar Neduncheziyan Nagar Fire Proof House is Rs 2,500 per sq.ft, effective from 1 July 2024.

What is the land classification for this property?

The land classification for the Navalar Neduncheziyan Nagar Fire Proof House is Residential Class IV Type - I.

Have there been any changes in the guideline value for this property?

There are no recorded changes in the guideline value for Navalar Neduncheziyan Nagar Fire Proof House, as the register has no figures for this street in previous years.

Where can I find the registration office for this property?

The registration office covering Navalar Neduncheziyan Nagar Fire Proof House is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How is the stamp duty calculated for properties in Chindadripet?

Stamp duty in Chindadripet is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 25,00,000, the stamp duty would be Rs 1,75,000 at the current rate of 7%.