Guideline Value for Nova Nagar Annuxe

Nova Nagar Annuxe guideline value

The current guideline value of Nova Nagar Annuxe is Rs 1,210 per sq.ft, effective from 1 July 2024. This area is located in Baraniputjur village and falls under the Kunrathur SRO. The land classification for this locality is Residential Special Type - II.

How the guideline value of Nova Nagar Annuxe has changed

The guideline value of Nova Nagar Annuxe has seen several revisions over the years. The earliest recorded revision was in 2007, where the value was Rs 200 per sq.ft. This increased significantly to Rs 1,100 per sq.ft in 2012, marking a 450% rise. However, in 2017, the value dropped to Rs 737 per sq.ft, a decrease of 33%. The next revision in 2023 saw the value rise again to Rs 1,100 per sq.ft, and the most recent revision in 2024 has established the current value at Rs 1,210 per sq.ft, reflecting a 10% increase from the previous year. There are no figures available for the revisions in 2002 and 2003 for this street.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 505%. The changes between the revisions indicate fluctuations, with significant increases and decreases occurring at different points in time.

Guideline values in Baraniputjur

In Baraniputjur, there are 39 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 2,500 per sq.ft. The median value for these streets is Rs 1,210 per sq.ft, which is equal to the guideline value of Nova Nagar Annuxe.

• Nova Nagar: Rs 1,210 per sq.ft (2024)
• Perumal Koil Street: Rs 1,210 per sq.ft (2024)
• Pilliyar Koil Street: Rs 1,210 per sq.ft (2024)
• Poonamallee High Road: Rs 1,450 per sq.ft (2024)
• Mgk Vel Anenue: Rs 1,430 per sq.ft (2024)
• Mangadu - Moulivakkam Main Road: Rs 1,450 per sq.ft (2024)

Stamp duty and registration fee for property in Nova Nagar Annuxe

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value would be Rs 12,10,000. The stamp duty at 7% would amount to Rs 84,700, and the registration fee at 2% would be Rs 24,200, bringing the total to Rs 1,08,900. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nova Nagar Annuxe?

The Sub Registrar Office that covers Nova Nagar Annuxe is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Baraniputjur, as it determines the minimum price at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transfer of property ownership.

Additionally, the guideline value serves as a reference point for both buyers and sellers during negotiations. It ensures that all parties involved in the transaction have a clear understanding of the property's value as recognized by the local authorities.

Frequently asked questions

What is the current guideline value of Nova Nagar Annuxe?

The current guideline value of Nova Nagar Annuxe is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,210 per sq.ft in 2024, reflecting an overall increase of 505% over the years.

What is the land classification for Nova Nagar Annuxe?

Nova Nagar Annuxe is classified as Residential Special Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Nova Nagar Annuxe?

For a 1,000 sq.ft plot at the guideline value of Rs 1,210 per sq.ft, the total stamp duty and registration fees would amount to Rs 1,08,900.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069, and is responsible for property registrations in the area.