Guideline Value for Nuzurath Nagar

Nuzurath Nagar guideline value

The current guideline value of Nuzurath Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This village falls under the Sriperumpudur SRO and is classified as Residential Class III Type - I.

How the guideline value of Nuzurath Nagar has changed

The guideline value for Nuzurath Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 469 per sq.ft, which remained unchanged at Rs 700 per sq.ft in the 2023 revision. The 2024 revision also maintains this figure at Rs 700 per sq.ft, indicating a 49% increase from the 2017 value.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only revisions that reflect a value are from 2017, 2023, and 2024, with no change in the guideline value between 2023 and 2024.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, placing Nuzurath Nagar's 2024 figure at this median level.

• N.S.K. Nagar: Rs 700 per sq.ft (2024)
• Om Sakthi Nagar: Rs 700 per sq.ft (2024)
• N.G.O. Colony Main Salai: Rs 1,200 per sq.ft (2024)
• N.G.O Colony IV th street: Rs 1,200 per sq.ft (2024)
• N.G.O. Colony Ist street: Rs 1,200 per sq.ft (2024)
• N.G.O. Colony IInd street: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Nuzurath Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. It is important to note that 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 Nuzurath Nagar?

The Sub Registrar Office that covers Nuzurath Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Sriperumbudur A, as it determines the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When registering a property, the guideline value serves as a benchmark for the transaction value. It ensures that the government receives the appropriate revenue from property transactions, reflecting the value of real estate in the area.

Frequently asked questions

What is the current guideline value of Nuzurath Nagar?

The current guideline value of Nuzurath Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in both 2023 and 2024, marking a 49% increase overall.

What is the land classification of Nuzurath Nagar?

Nuzurath Nagar is classified as Residential Class III Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in Nuzurath Nagar?

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000.

Which office handles the registration for Nuzurath Nagar?

The Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone, handles the registration for Nuzurath Nagar.