Guideline Value for Navamani Street

Navamani Street guideline value

The current guideline value of Navamani Street is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Porur village, under the Kunrathur SRO, and is classified as Residential Special Type - II.

How the guideline value of Navamani Street has changed

The guideline value of Navamani Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 593 per sq.ft. It increased to Rs 657 per sq.ft in 2003, marking an 11% rise. The value then rose significantly to Rs 1,000 per sq.ft in 2007, an increase of 52%. In 2012, the value adjusted to Rs 3,200 per sq.ft, which was a substantial 220% increase from the previous revision. However, it decreased by 33% to Rs 2,144 per sq.ft in 2017.

From 2017 to 2023, the guideline value surged by 49% to Rs 3,200 per sq.ft. The latest revision in 2024 reflects a further increase of 10%, bringing the current value to Rs 3,520 per sq.ft. There are no figures available for revisions in years not mentioned in the register.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median value is Rs 3,960 per sq.ft, placing Navamani Street's 2024 figure below this median.

• Navasakthi Nagar: Rs 3,520 per sq.ft (2024)
• Narayanan Street: Rs 4,290 per sq.ft (2024)
• Nehru Street: Rs 3,520 per sq.ft (2024)
• Nethaji Nagar: Rs 3,520 per sq.ft (2024)
• Nethaji Nagar 1st Street: Rs 3,520 per sq.ft (2024)
• Nethaji Nagar 2nd Street: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Navamani Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total fees to Rs 3,16,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Navamani Street?

The Sub Registrar Office covering Navamani Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Porur. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

Frequently asked questions

What is the current guideline value of Navamani Street?

The current guideline value of Navamani Street is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 593 per sq.ft in 2002 to Rs 3,520 per sq.ft in 2024, reflecting an overall increase of 494% over the years.

What is the land classification of Navamani Street?

Navamani Street is classified as Residential Special Type - II, indicating its intended use for residential purposes.

What are the stamp duty and registration fees for property in Navamani Street?

For a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 3,16,800, including stamp duty and registration fees.

Where is the Sub Registrar Office for Navamani Street located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069, and it covers Navamani Street.