Guideline Value for Navarthinapuri

Navarthinapuri guideline value

The current guideline value of Navarthinapuri is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Koozhangacheri village and falls under the Sunguvarchattram SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Navarthinapuri has changed

The guideline value for Navarthinapuri has seen several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged in the subsequent 2017 revision. However, the 2017 revision saw a significant increase to Rs 268 per sq.ft, marking a +49% change from the previous figure. The 2023 revision maintained the value at Rs 400 per sq.ft, and the current 2024 revision continues this trend with no change, also at Rs 400 per sq.ft.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 400 per sq.ft.

Guideline values in Koozhangacheri

Koozhangacheri has 47 streets under the Sunguvarchattram SRO, with guideline values ranging from Rs 200 to Rs 1,200 per sq.ft. The median guideline value in this village is Rs 226 per sq.ft, placing Navarthinapuri's 2024 figure above that median.

• Navarathnapuri Phase - II: Rs 747 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 Navarthinapuri

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Navarthinapuri?

The Sub Registrar Office that covers Navarthinapuri 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 a crucial factor in the registration process when buying or selling property in Koozhangacheri. It determines the amount of stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately.

When a property is sold, the guideline value serves as a benchmark to assess the transaction's legitimacy. Authorities will charge fees based on this value, which helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Navarthinapuri?

The current guideline value of Navarthinapuri is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen revisions in 2012, 2017, 2023, and 2024. It was Rs 400 per sq.ft in 2012, dropped to Rs 268 per sq.ft in 2017, then returned to Rs 400 per sq.ft in 2023 and 2024.

What is the median guideline value in Koozhangacheri?

The median guideline value in Koozhangacheri is Rs 226 per sq.ft, with Navarthinapuri's 2024 figure above this median.

What are the stamp duty rates for properties in Navarthinapuri?

The stamp duty for properties in Navarthinapuri is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Navarthinapuri located?

The Sub Registrar Office for Navarthinapuri is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.