Guideline Value for Quality Nagar

Quality Nagar guideline value

The current guideline value of Quality Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Kattupakkam village and falls under the Gooduvancheri SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Quality Nagar has changed

The guideline value of Quality Nagar has seen several revisions over the years. In 2007, the value was Rs 180 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2012. However, it dropped to Rs 268 per sq.ft in 2017. The most recent revisions in 2023 and 2024 have maintained the guideline value at Rs 400 per sq.ft, showing no change from the previous year. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, there was a notable increase of 49%, while the overall change from 2007 to 2024 stands at an increase of 122%. The fluctuations in the guideline value reflect various revisions, with the highest value recorded in 2012 at Rs 400 per sq.ft and the lowest in 2007 at Rs 180 per sq.ft.

Guideline values in Kattupakkam

In Kattupakkam, there are 27 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 1,500 per sq.ft, with a median value of Rs 500 per sq.ft. Quality Nagar's 2024 guideline value is below this median.

• Rajeswari Nagar: Rs 500 per sq.ft (2024)
• Sarvamangala Nagar: Rs 400 per sq.ft (2024)
• Selvi Nagar: Rs 672 per sq.ft (2024)
• Selvi Nagar Phase - II: Rs 672 per sq.ft (2024)
• Selvi Nagar Phase- III: Rs 800 per sq.ft (2024)
• Nehru Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Quality Nagar

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Quality Nagar?

The Sub Registrar Office that covers Quality Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Kattupakkam. It determines the minimum value at which a property can be registered, ensuring transparency and fairness in property dealings.

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 transaction. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Quality Nagar?

The current guideline value of Quality Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen fluctuations, with the most recent revision maintaining it at Rs 400 per sq.ft since 2023. The value was Rs 268 per sq.ft in 2017 and Rs 180 per sq.ft in 2007.

What is the land classification for Quality Nagar?

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

Where can I find the Gooduvancheri Sub Registrar Office?

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

How is stamp duty calculated for property in Quality Nagar?

Stamp duty for property in Quality Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a total of Rs 36,000 in fees.