Guideline Value for ANGALA PARAMESHWARI NAGAR

Angala Parameshwari Nagar guideline value

The current guideline value of Angala Parameshwari Nagar is Rs 101 per sq.ft, effective from 1 July 2024. This area is located in Salavakkam village, under the Salavakkam SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Angala Parameshwari Nagar has changed

The guideline value for Angala Parameshwari Nagar has undergone several revisions over the years. In 2012, the guideline value was set at Rs 75 per sq.ft, which was later revised to Rs 50 per sq.ft in 2017, reflecting a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 100%, reaching Rs 100 per sq.ft. The most recent revision in 2024 has increased the value to Rs 101 per sq.ft, marking a 1% rise from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 35%.

Guideline values in Salavakkam

In Salavakkam, there are 38 streets under the Salavakkam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 250 per sq.ft, with a median value of Rs 150 per sq.ft. The guideline value for Angala Parameshwari Nagar is below this median.

• Angalamman Koil Street: Rs 126 per sq.ft (2024)
• Arunthathiyarpuram: Rs 126 per sq.ft (2024)
• Bazaar Street: Rs 200 per sq.ft (2024)
• Chandar Nagar Phase-4: Rs 150 per sq.ft (2024)
• Chandar Nagar Phase-I,II,III: Rs 150 per sq.ft (2024)
• Chetti Street: Rs 126 per sq.ft (2024)

Stamp duty and registration fee for property in Angala Parameshwari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 101 per sq.ft, the total guideline value would be Rs 1,01,000. The stamp duty at 7% would amount to Rs 7,070, while the registration fee at 2% would be Rs 2,020, bringing the total fees to Rs 9,090. It is essential to note that 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 Angala Parameshwari Nagar?

The Sub Registrar Office that covers Angala Parameshwari Nagar is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Salavakkam. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction is recorded accurately and fairly.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Angala Parameshwari Nagar?

The current guideline value of Angala Parameshwari Nagar is Rs 101 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 75 per sq.ft in 2012 to Rs 50 per sq.ft in 2017, then to Rs 100 per sq.ft in 2023, and finally to Rs 101 per sq.ft in 2024, showing a significant increase over the years.

What is the land classification for Angala Parameshwari Nagar?

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

What is the registration office for Angala Parameshwari Nagar?

The registration office for Angala Parameshwari Nagar is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

How is stamp duty calculated for properties in Angala Parameshwari Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 101 per sq.ft, the stamp duty would be Rs 7,070.