Guideline Value for Navalar Neduncheziyan Nagar Lanes Slum

Navalar Neduncheziyan Nagar Lanes Slum guideline value

The current guideline value for Navalar Neduncheziyan Nagar Lanes Slum is Rs 2,500 per sq.ft, effective from 1 July 2024. This area is located in Chindadripet village and falls under the Periamet SRO. The land classification for this street is Residential Class IV Type - I.

How the guideline value of Navalar Neduncheziyan Nagar Lanes Slum has changed

The guideline value for Navalar Neduncheziyan Nagar Lanes Slum has undergone several revisions. However, the register has no figure for this street in the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision in 2024 sets the guideline value at Rs 2,500 per sq.ft.

Since there are no figures available for the previous revisions, the only current value to consider is the 2024 figure of Rs 2,500 per sq.ft. There have been no changes between the revisions above, indicating a consistent valuation in the most recent update.

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 Lanes Slum is below this median.

• Navalar Neduncheziyan Nagar Fire Proof House: Rs 2,500 per sq.ft (2024)
• Navalar Neduncheziyan Nagar Coovam River Side: 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 Lanes Slum

For a 1,000 sq.ft plot at the current rate of Rs 2,500 per sq.ft, the 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, together totaling Rs 2,25,000. 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 Navalar Neduncheziyan Nagar Lanes Slum?

The Navalar Neduncheziyan Nagar Lanes Slum is covered by the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process for property transactions in Chindadripet. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling a property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these charges are based on the higher of the guideline value or the sale price, which can significantly affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for Navalar Neduncheziyan Nagar Lanes Slum?

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

What land classification does Navalar Neduncheziyan Nagar Lanes Slum fall under?

Navalar Neduncheziyan Nagar Lanes Slum is classified as Residential Class IV Type - I.

What are the guideline values for other streets in Chindadripet?

In Chindadripet, other streets have varying guideline values ranging from Rs 2,500 to Rs 18,100 per sq.ft, with the median being Rs 3,300 per sq.ft.

How is stamp duty calculated for properties in Navalar Neduncheziyan Nagar Lanes Slum?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 25,00,000 would incur a stamp duty of Rs 1,75,000.

Where can I find the Sub Registrar Office for Navalar Neduncheziyan Nagar Lanes Slum?

The Sub Registrar Office covering Navalar Neduncheziyan Nagar Lanes Slum is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.