Guideline Value for Navin Satish Nagar

Navin Satish Nagar guideline value

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

How the guideline value of Navin Satish Nagar has changed

The guideline value for Navin Satish Nagar has undergone several revisions over the years. In 2002, the guideline value was Rs 72 per sq.ft, which increased significantly to Rs 328 per sq.ft in 2007. This was followed by another substantial rise to Rs 1,500 per sq.ft in 2012. However, there was a decrease to Rs 1,005 per sq.ft in 2017. The value remained at Rs 1,500 per sq.ft in the 2023 revision and continues at this rate in the 2024 revision, showing no change from the previous year.

Looking at the changes, from 2002 to 2007, the guideline value increased by 356%. The value then jumped by 357% from 2007 to 2012. After a decline of 33% from 2012 to 2017, the value saw an increase of 49% from 2017 to 2023. Overall, from 2002 to 2024, the guideline value has increased by 1983%.

Guideline values in Nandhivaram

Nandhivaram village has a total of 169 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median guideline value in this area is Rs 1,500 per sq.ft, which is the same as the current guideline value for Navin Satish Nagar.

• N.C.K. Avenue: Rs 2,000 per sq.ft (2024)
• Narayanapuram Main Road: Rs 1,500 per sq.ft (2024)
• Narayanapuram: Rs 1,500 per sq.ft (2024)
• Nellikuppam Road: Rs 2,000 per sq.ft (2024)
• Nangooram Nagar: Rs 1,000 per sq.ft (2024)
• Nandhewarar Nagar 2 Street: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Navin 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, making the total cost for these fees 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.

You can use our stamp duty and registration fee calculator for more information on calculating these fees.

Which Sub Registrar Office covers Navin Satish Nagar?

The Sub Registrar Office that covers Navin Satish Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, 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 Nandhivaram

The guideline value is a crucial factor in the registration process when buying or selling property in Nandhivaram. It serves as the basis for calculating stamp duty and registration fees, which are mandatory expenses during the property transaction.

When a property is sold, the guideline value helps determine the minimum value at which the property can be registered. This ensures that the government receives the appropriate revenue from property transactions, reflecting the area's real estate market conditions.

Frequently asked questions

What is the current guideline value of Navin Satish Nagar?

The current guideline value of Navin Satish Nagar is Rs 1,500 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has seen various changes, with an overall increase of 1983% from Rs 72 per sq.ft in 2002 to Rs 1,500 per sq.ft in 2024.

What is the land classification for Navin Satish Nagar?

Navin Satish Nagar is classified as Residential Special Type - I under the Gooduvancheri SRO.

What are the stamp duty rates in Navin Satish Nagar?

The stamp duty rate for property transactions in Navin Satish Nagar is 7% of the guideline value or sale price, whichever is higher.

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

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone.