Guideline Value for Naveen Satish Nagar

Naveen Satish Nagar guideline value

The current guideline value of Naveen Satish Nagar is Rs 1,500 per sq.ft, effective from 1 July 2024. This area is located in Gooduvancheri village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Naveen Satish Nagar has changed

The guideline value for Naveen Satish Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 1,005 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 1,500 per sq.ft. The 2024 revision, effective from 1 July 2024, has kept the guideline value at the same rate of Rs 1,500 per sq.ft, resulting in a 49% increase from the 2017 figure.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Thus, the only available revisions are from 2017, 2023, and 2024, with the 2023 to 2024 change showing no increase (0%). Overall, the guideline value has risen by 49% from 2017 to 2024.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,500 per sq.ft, which aligns with the guideline value of Naveen Satish Nagar.

• Natarajapuram: Rs 1,200 per sq.ft (2024)
• Nataraja Nayakar Street: Rs 1,200 per sq.ft (2024)
• Nehru Street: Rs 1,500 per sq.ft (2024)
• Nethaji Street: Rs 1,500 per sq.ft (2024)
• Nakeeran Street: Rs 2,001 per sq.ft (2024)
• N.G.O. colony: Rs 2,001 per sq.ft (2024)

Stamp duty and registration fee for property in Naveen Satish Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, leading to a total of Rs 1,35,000. 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 Naveen Satish Nagar?

The Sub Registrar Office covering Naveen Satish Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Gooduvancheri. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to refer to the current guideline value to ensure compliance with registration requirements and to understand the financial implications associated with the transaction.

Frequently asked questions

What is the current guideline value of Naveen Satish Nagar?

The current guideline value of Naveen Satish Nagar is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,005 per sq.ft in 2017 to Rs 1,500 per sq.ft in both 2023 and 2024, marking a 49% increase overall from 2017 to 2024.

What are the other streets in Gooduvancheri with their guideline values?

Other streets in Gooduvancheri include Natarajapuram and Nataraja Nayakar Street at Rs 1,200 per sq.ft, Nehru Street and Nethaji Street at Rs 1,500 per sq.ft, and Nakeeran Street and N.G.O. colony at Rs 2,001 per sq.ft.

What is the registration fee for property in Naveen Satish Nagar?

The registration fee for property in Naveen Satish Nagar includes a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Naveen Satish Nagar located?

The Sub Registrar Office for Naveen Satish Nagar is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.