Guideline Value for Navidhar Street

Navidhar Street guideline value

The current guideline value of Navidhar Street is Rs 1,550 per sq.ft, effective from 1 July 2024. This street is located in Thirunageswaram village under the Kunrathur SRO, classified as Residential Special Type - II.

How the guideline value of Navidhar Street has changed

The guideline value of Navidhar Street has undergone several revisions over the years. The 2012 revision recorded a value of Rs 1,400 per sq.ft, which decreased to Rs 938 per sq.ft in the 2017 revision. Following this, the value saw a significant increase to Rs 1,400 per sq.ft in 2023, and then rose again to Rs 1,550 per sq.ft in the 2024 revision, marking an increase of 11% from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 11%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirunageswaram

In Thirunageswaram, there are 105 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft, with a median value of Rs 1,550 per sq.ft. Navidhar Street's 2024 figure matches this median value.

• New Colony I to V Street /Lane: Rs 1,550 per sq.ft (2024)
• Muthukumaran Street: Rs 1,550 per sq.ft (2024)
• Mogalingam Nagar T.N.Sammandham Nagar: Rs 1,550 per sq.ft (2024)
• Mogalingam Nagar Rose Ramalingam Street: Rs 1,550 per sq.ft (2024)
• Mogalingam Nagar Nainiappan Street: Rs 1,550 per sq.ft (2024)
• Mogalingam Nagar Muthu Street: Rs 1,550 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 1,550 per sq.ft, the total guideline value amounts to Rs 15,50,000. The stamp duty, charged at 7%, would be Rs 1,08,500, while the registration fee at 2% would be Rs 31,000, bringing the total fees to Rs 1,39,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

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. You can find your SRO for further assistance.

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

The guideline value is a critical factor when registering property transactions in Thirunageswaram. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation set by the government.

When buying or selling property, the guideline value helps to standardize the pricing process, providing a transparent framework for both buyers and sellers. This ensures that all transactions are conducted fairly and in accordance with the legal requirements set forth by the registration authorities.

Frequently asked questions

What is the current guideline value of Navidhar Street?

The current guideline value of Navidhar Street is Rs 1,550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,400 per sq.ft in 2012 to Rs 938 per sq.ft in 2017, then increased to Rs 1,400 per sq.ft in 2023, and finally to Rs 1,550 per sq.ft in 2024.

What is the land classification for Navidhar Street?

Navidhar Street is classified as Residential Special Type - II under the Kunrathur SRO.

Where can I find the registration office for Navidhar Street?

The registration office for Navidhar Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for property in Navidhar Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 15,50,000 would incur a stamp duty of Rs 1,08,500 at 7%.