Guideline Value

Corporate

Guideline Value for SRI NAVASAKTHI NAGAR

₹171/sq.ft.

The guideline value for Sri Navasakthi Nagar in Vengal village (Arani_tiruvallur SRO, Chennai zone) is Rs 171 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vengal

Village

Arani_Tiruvallur

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹171 /sq.ft.
From 1-4-2023 ₹171 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹114 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.10, S.p Kovil Street, Arani,ponneri(tk),thiruvallur(dt) - 601 101
044-27927859
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sri Navasakthi Nagar

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Sri Navasakthi Nagar guideline value

The current guideline value of Sri Navasakthi Nagar is Rs 171 per sq.ft, effective from 1 July 2024. This area is located in Vengal village and falls under the Arani_Tiruvallur SRO, classified as Residential Class IV Type - I.

How the guideline value of Sri Navasakthi Nagar has changed

The guideline value for Sri Navasakthi Nagar has seen several revisions over the years. The earliest recorded revision was in 2017, where the guideline value was Rs 114 per sq.ft. This figure increased by 50% to Rs 171 per sq.ft in the 2023 revision, and it remained the same in the 2024 revision, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value increased by 50% from Rs 114 per sq.ft to Rs 171 per sq.ft.

Guideline values in Vengal

In Vengal, there are 9 streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value ranging from Rs 130 to Rs 281 per sq.ft. The median guideline value for these streets is Rs 171 per sq.ft, which is equal to the current figure for Sri Navasakthi Nagar.

Stamp duty and registration fee for property in Sri Navasakthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 171 per sq.ft, the total guideline value amounts to Rs 1,71,000. The stamp duty at 7% would be Rs 11,970, and the registration fee at 2% would be Rs 3,420, bringing the total fees to Rs 15,390. Please 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 Sri Navasakthi Nagar?

The Sub Registrar Office that covers Sri Navasakthi Nagar is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri(tk), Thiruvallur(dt) - 601 101. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Vengal, as it determines the minimum value 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, ensuring that both parties adhere to the legal requirements.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. The guideline value helps in establishing a fair transaction and is a standard reference point for property dealings.

Frequently asked questions

What is the current guideline value of Sri Navasakthi Nagar?

The current guideline value of Sri Navasakthi Nagar is Rs 171 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 114 per sq.ft in 2017 to Rs 171 per sq.ft in 2023, and it remained the same in 2024. Overall, there has been a 50% increase from 2017 to 2024.

What are the stamp duty and registration fees for property in Sri Navasakthi Nagar?

For a property valued at Rs 1,71,000, the stamp duty is Rs 11,970 and the registration fee is Rs 3,420, totaling Rs 15,390. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Sri Navasakthi Nagar?

The Arani_Tiruvallur Sub Registrar Office covers Sri Navasakthi Nagar. It is located at No.10, S.p Kovil Street, Arani, Ponneri(tk), Thiruvallur(dt) - 601 101.

What is the significance of guideline value in property transactions?

The guideline value serves as a benchmark for property transactions, determining the minimum registration value. It is used to calculate the stamp duty and registration fees, ensuring compliance with legal standards during property sales.