Guideline Value for Navarathnapuri Phase - II

Navarathnapuri Phase - II guideline value

The current guideline value of Navarathnapuri Phase - II is Rs 747 per sq.ft, effective from 1 July 2024. This property is located in Koozhangacheri village, under the Sunguvarchattram SRO, and is classified as Mixed Type - III land.

How the guideline value of Navarathnapuri Phase - II has changed

The guideline value for Navarathnapuri Phase - II has remained consistent at Rs 747 per sq.ft since the 2023 revision, which also recorded the same figure. Prior to this, the 2017 revision set the guideline value at Rs 500 per sq.ft, indicating a significant increase of 49% over this period.

For the years 2002, 2003, 2007, and 2012, the register has no figure for this street. Overall, from 2017 to 2024, the guideline value has increased by 49%, maintaining the same rate of Rs 747 per sq.ft since 2023.

Guideline values in Koozhangacheri

In Koozhangacheri, there are 47 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 1,200 per sq.ft. The median guideline value for these streets is Rs 226 per sq.ft, placing the 2024 figure for Navarathnapuri Phase - II above this median.

• Navarthinapuri: Rs 400 per sq.ft (2024)
• Nehru Nagar: Rs 400 per sq.ft (2024)
• New Mellaniam Nagar: Rs 226 per sq.ft (2024)
• Muthallamman Kovil Street: Rs 200 per sq.ft (2024)
• Perumal Kovil Street: Rs 200 per sq.ft (2024)
• Lenin Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Navarathnapuri Phase - II

For a 1,000 sq.ft plot at the current guideline value of Rs 747 per sq.ft, the total guideline value would be Rs 7,47,000. The stamp duty at 7% would amount to Rs 52,290, and the registration fee at 2% would be Rs 14,940, bringing the total cost for these fees to Rs 67,230. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Navarathnapuri Phase - II?

The Sub Registrar Office that covers Navarathnapuri Phase - II is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

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

When you register a property, the guideline value is compared with the sale price, and the duty is charged on the higher amount. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Navarathnapuri Phase - II?

The current guideline value of Navarathnapuri Phase - II is Rs 747 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 747 per sq.ft since 2023. It increased from Rs 500 per sq.ft in 2017, marking a 49% rise over this period.

What are the guideline values for other streets in Koozhangacheri?

Other streets in Koozhangacheri have varying guideline values, ranging from Rs 200 to Rs 1,200 per sq.ft. The median value for these streets is Rs 226 per sq.ft.

What are the stamp duty and registration fees for properties?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, a 1,000 sq.ft plot at Rs 747 per sq.ft incurs a total fee of Rs 67,230.

Where can I find the Sub Registrar Office for Navarathnapuri Phase - II?

The Sub Registrar Office for Navarathnapuri Phase - II is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find more details online.