Guideline Value for Navaneetham Nagar

Navaneetham Nagar guideline value

The current guideline value of Navaneetham Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This area is part of Sriperumbudur A village and falls under the Sriperumpudur SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of Navaneetham Nagar has changed

The guideline value for Navaneetham Nagar has seen several revisions over the years. In the 2017 revision, the value was set at Rs 469 per sq.ft. This figure remained unchanged in the 2023 revision, where it was still Rs 700 per sq.ft. The current 2024 revision maintains this rate at Rs 700 per sq.ft, showing no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, the increase is also 49%, as the value has remained stable at Rs 700 per sq.ft since 2023.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, making Navaneetham Nagar's 2024 figure equal to this median.

• Nazareth Nagar: Rs 1,200 per sq.ft (2024)
• Nehru Street: Rs 700 per sq.ft (2024)
• Nanthagopal Reddy Avenue: Rs 1,200 per sq.ft (2024)
• Nandagopal Nagar: Rs 700 per sq.ft (2024)
• Nethaji Nagar: Rs 1,200 per sq.ft (2024)
• New Ramanujar Nagar: Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Navaneetham Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, while the registration fee at 2% would be Rs 14,000. Together, the total cost for these fees would be Rs 63,000. 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 Navaneetham Nagar?

The Sub Registrar Office covering Navaneetham Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Sriperumbudur A. It serves as a benchmark for determining the minimum price at which a property can be sold or purchased, ensuring that the transaction is recorded accurately in the public register.

When you buy or sell property, the stamp duty and registration fees are calculated based on the guideline value. This ensures that the government receives the appropriate taxes from property transactions, reflecting the current market conditions.

Frequently asked questions

What is the current guideline value of Navaneetham Nagar?

The current guideline value of Navaneetham Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023 and has remained at that value through 2024, marking a 49% increase overall since 2017.

What is the median guideline value for streets in Sriperumbudur A?

The median guideline value for streets in Sriperumbudur A is Rs 700 per sq.ft, with Navaneetham Nagar's 2024 figure matching this median.

What are the registration fees for property in Navaneetham Nagar?

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000 in fees.

Where is the Sub Registrar Office for Navaneetham Nagar located?

The Sub Registrar Office for Navaneetham Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.