Guideline Value for Navidhar Street

Navidhar Street guideline value

The current guideline value of Navidhar Street is Rs 990 per sq.ft, effective from 1 July 2024. This street is located in Manancheri village, under the Kunrathur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Navidhar Street has changed

Over the years, the guideline value of Navidhar Street has seen several revisions. The earliest recorded figure is from 2007, where the value was Rs 250 per sq.ft. This increased significantly to Rs 900 per sq.ft in 2012, followed by a decrease to Rs 603 per sq.ft in 2017. The value then rose to Rs 900 per sq.ft in 2023, and the latest revision for 2024 sets the value at Rs 990 per sq.ft. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

In terms of percentage changes, the guideline value increased by 260% from 2007 to 2012, then decreased by 33% from 2012 to 2017. Following that, there was a substantial increase of 49% from 2017 to 2023, and a further increase of 10% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 296%.

Guideline values in Manancheri

In Manancheri, there are 59 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 3,400 per sq.ft. The median value among these streets is Rs 990 per sq.ft, which is equal to the guideline value of Navidhar Street.

• Narayana Nagar: Rs 990 per sq.ft (2024)
• Padmavathy Nagar: Rs 990 per sq.ft (2024)
• Palayakara Street: Rs 660 per sq.ft (2024)
• Pallavaram Main Road: Rs 1,320 per sq.ft (2024)
• M.M.Avenue: Rs 990 per sq.ft (2024)
• Parvathy Avenue: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Navidhar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty, charged at 7%, would amount to Rs 69,300, while the registration fee at 2% would be Rs 19,800, bringing the total fees to Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Navidhar Street?

The Sub Registrar Office that covers Navidhar Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Manancheri. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold.

When registering a property, the guideline value is considered to ensure that the transaction is recorded accurately. Buyers and sellers must be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Navidhar Street?

The current guideline value of Navidhar Street is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 250 per sq.ft in 2007 to Rs 990 per sq.ft in 2024, showing a significant overall increase of 296% over the years.

What are the stamp duty and registration fees for property in Navidhar Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 9,90,000. The stamp duty is Rs 69,300, and the registration fee is Rs 19,800, totaling Rs 89,100.

Which Sub Registrar Office covers Navidhar Street?

The Kunrathur Sub Registrar Office covers Navidhar Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification of Navidhar Street?

Navidhar Street is classified as Residential Class I Type - I, indicating its suitability for residential development.