Guideline Value for Navalur

Navalur guideline value

The current guideline value of Navalur is Rs 300 per sq.ft, effective from 1 July 2024. This village falls under the Thirukazhukundram SRO and is classified as Residential Class V Type - I.

How the guideline value of Navalur has changed

In the 2017 revision, the guideline value for Navalur was Rs 201 per sq.ft. This figure remained unchanged in the 2023 revision, which also listed the value at Rs 300 per sq.ft. The most recent 2024 revision has maintained this value at Rs 300 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49% as well, reflecting the same rate in the most recent updates.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO with a 2024 guideline value ranging from Rs 300 to Rs 1,344 per sq.ft. The median value for these streets is Rs 600 per sq.ft, positioning Navalur's 2024 figure below this median.

• Nehru Street: Rs 700 per sq.ft (2024)
• North Kulam Street: Rs 400 per sq.ft (2024)
• North Mada Veethi: Rs 1,005 per sq.ft (2024)
• North Mada Veethi Cross Street: Rs 800 per sq.ft (2024)
• North Sannathi Street: Rs 900 per sq.ft (2024)
• North Street Mangalam: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Navalur

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. It is important to note that the 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 details.

Which Sub Registrar Office covers Navalur?

The Sub Registrar Office that covers Navalur is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thirukalukundrem A. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value as per the government’s assessment.

During registration, buyers and sellers must consider the guideline value to calculate applicable stamp duty and registration fees. This ensures transparency and compliance with local regulations in property transactions.

Frequently asked questions

What is the current guideline value for Navalur?

The current guideline value for Navalur is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Navalur was Rs 201 per sq.ft in 2017 and increased to Rs 300 per sq.ft in both the 2023 and 2024 revisions, showing a 49% increase overall from 2017 to 2024.

What is the median guideline value in Thirukalukundrem A?

The median guideline value for streets in Thirukalukundrem A is Rs 600 per sq.ft, with Navalur's value being below this median at Rs 300 per sq.ft.

What are the stamp duty and registration fees for a property in Navalur?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000.

Which office should I contact for property registration in Navalur?

The Thirukazhukundram Sub Registrar Office handles property registrations for Navalur. The office is located at Thiruchengode - 637 211, Chengalpattu registration zone.