Guideline Value for Navaneetha Kuppusamy Nagar

Navaneetha Kuppusamy Nagar guideline value

The current guideline value of Navaneetha Kuppusamy Nagar is Rs 1,002 per sq.ft, effective from 1 July 2024. This area is located in Ariyalur village under the Redhills SRO and is classified as Residential Class I Type - I.

How the guideline value of Navaneetha Kuppusamy Nagar has changed

The guideline value register for Navaneetha Kuppusamy Nagar shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision in 2024 has set the guideline value at Rs 1,002 per sq.ft.

Prior to the 2024 revision, there were no recorded figures for this street in the guideline value register. Therefore, the current value is the first recorded figure for Navaneetha Kuppusamy Nagar.

Guideline values in Ariyalur

In Ariyalur, there are 24 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 1,002 to Rs 1,008 per sq.ft, with a median of Rs 1,002 per sq.ft. The guideline value for Navaneetha Kuppusamy Nagar matches this median figure.

• Peria Muthu Nagar: Rs 1,004 per sq.ft (2024)
• Periyar Nagar Colony Main Street: Rs 1,002 per sq.ft (2024)
• Perumal Koil Street: Rs 1,002 per sq.ft (2024)
• Perumal Koil Street 1st Cross Street: Rs 1,002 per sq.ft (2024)
• Perumal Koil Street 2nd Cross Street: Rs 1,002 per sq.ft (2024)
• Perumal Koil Street 3rd Cross Street: Rs 1,002 per sq.ft (2024)

Stamp duty and registration fee for property in Navaneetha Kuppusamy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,002 per sq.ft, the total guideline value would be Rs 10,02,000. The stamp duty at 7% would be Rs 70,140, and the registration fee at 2% would be Rs 20,040, making the total cost Rs 90,180. 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 Navaneetha Kuppusamy Nagar?

The Sub Registrar Office covering Navaneetha Kuppusamy Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ariyalur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value helps ensure that the transaction reflects a fair value for tax purposes. Buyers should be aware that the stamp duty is charged based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Navaneetha Kuppusamy Nagar?

The current guideline value of Navaneetha Kuppusamy Nagar is Rs 1,002 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There have been no recorded figures for Navaneetha Kuppusamy Nagar in the guideline value register for the years 2002, 2003, 2007, 2012, 2017, and 2023. The 2024 revision is the first recorded figure for this street.

What is the land classification of Navaneetha Kuppusamy Nagar?

Navaneetha Kuppusamy Nagar is classified as Residential Class I Type - I.

What are the stamp duty rates in Navaneetha Kuppusamy Nagar?

The stamp duty rate applicable in Navaneetha Kuppusamy Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Navaneetha Kuppusamy Nagar located?

The Sub Registrar Office for Navaneetha Kuppusamy Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.