Guideline Value for Nooruthin Nagar

Nooruthin Nagar guideline value

The current guideline value of Nooruthin Nagar is Rs 2,090 per sq.ft, effective from 1 July 2024. This area is located in the village of Mangadu -A under the Kunrathur SRO, and is classified as Residential Special Type - II.

How the guideline value of Nooruthin Nagar has changed

The guideline value for Nooruthin Nagar has seen significant changes over the years. In the 2017 revision, the value was Rs 1,273 per sq.ft. This increased to Rs 1,900 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 2,090 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mangadu -A

The village of Mangadu -A has 208 streets under the Kunrathur SRO with a 2024 guideline value range from Rs 1,320 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,870 per sq.ft, placing Nooruthin Nagar's 2024 figure above this median.

• Oa Dheen Nagar: Rs 2,200 per sq.ft (2024)
• O.A.K. Nagar Annexe: Rs 2,200 per sq.ft (2024)
• Om. Ganapathy Nagar: Rs 1,540 per sq.ft (2024)
• Om. Sakthi Nagar: Rs 1,870 per sq.ft (2024)
• Om. Sakthi Nagar Annexe: Rs 1,870 per sq.ft (2024)
• Othavadai Street: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Nooruthin Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,090 per sq.ft, the total guideline value would be Rs 20,90,000. The stamp duty at 7% would amount to Rs 1,46,300, and the registration fee at 2% would be Rs 41,800, bringing the total to Rs 1,88,100. 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 Nooruthin Nagar?

The Sub Registrar Office that covers Nooruthin Nagar 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 Mangadu -A

The guideline value is a crucial factor in property transactions in Mangadu -A. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the current guideline value to avoid any discrepancies during the registration process. This value serves as a benchmark for both buyers and sellers in the real estate market.

Frequently asked questions

What is the current guideline value of Nooruthin Nagar?

The current guideline value of Nooruthin Nagar is Rs 2,090 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,273 per sq.ft in 2017 to Rs 2,090 per sq.ft in 2024, reflecting a 64% increase over this period.

What are the other streets in Mangadu -A and their guideline values?

Other streets in Mangadu -A include Oa Dheen Nagar and O.A.K. Nagar Annexe at Rs 2,200 per sq.ft, Om. Ganapathy Nagar at Rs 1,540 per sq.ft, and Om. Sakthi Nagar at Rs 1,870 per sq.ft.

What is the stamp duty on property in Nooruthin Nagar?

The stamp duty for a property in Nooruthin Nagar is 7% of the guideline value or sale price, whichever is higher. For example, for a plot valued at Rs 20,90,000, the stamp duty would be Rs 1,46,300.

Where can I find the Sub Registrar Office for Nooruthin Nagar?

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