Guideline Value for ANGALA PARAMESWARI NAGAR

Angala Parameswari Nagar guideline value

The current guideline value of Angala Parameswari Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Pallikaranai village and falls under the Chennai South Joint I SRO. The land classification for this street is Residential Class IV Type - II.

How the guideline value of Angala Parameswari Nagar has changed

The guideline value for Angala Parameswari Nagar has seen several revisions over the years. Starting with the 2002 revision, the value was Rs 84 per sq.ft. In 2003, it increased to Rs 99 per sq.ft, marking an 18% rise. The 2007 revision saw a significant jump to Rs 400 per sq.ft, which was a 304% increase. Following this, the 2012 revision brought the value back to Rs 1,200 per sq.ft, a decrease of 200% from the previous figure. The 2017 revision saw the value rise to Rs 804 per sq.ft, while in 2023, it further increased to Rs 1,200 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2002 revision to the current 2024 revision, the guideline value has increased by 1,471%. The register has no figures for any other years for this street.

Guideline values in Pallikaranai

Pallikaranai village has a total of 749 streets under the Chennai South Joint I SRO, with 2024 guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value in this area is Rs 1,650 per sq.ft, indicating that Angala Parameswari Nagar's 2024 figure is below this median.

• Angalamman Koil Street: Rs 1,110 per sq.ft (2024)
• Angel Nagar: Rs 1,320 per sq.ft (2024)
• Anjani Nagar: Rs 1,320 per sq.ft (2024)
• Anjani Nagar Extn.: Rs 1,320 per sq.ft (2024)
• Annai Garden: Rs 1,320 per sq.ft (2024)
• Anbalagar Nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Angala Parameswari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400. Together, the total cost for these fees would be Rs 1,18,800. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Angala Parameswari Nagar?

The Sub Registrar Office that covers Angala Parameswari Nagar is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more details.

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

The guideline value plays a crucial role when buying or selling property in Pallikaranai. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers need to be aware that these fees are calculated based on the higher of the guideline value or the sale price.

When a property is registered, the guideline value ensures that the transaction is recorded accurately and transparently. It helps in standardizing property values across the region, making it easier for buyers and sellers to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Angala Parameswari Nagar?

The current guideline value of Angala Parameswari Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 84 per sq.ft in 2002 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 1,471% over this period.

What are the registration fees for property in Angala Parameswari Nagar?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which office handles registrations for Angala Parameswari Nagar?

The Chennai South Joint I Sub Registrar Office handles registrations for Angala Parameswari Nagar, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the median guideline value in Pallikaranai?

The median guideline value in Pallikaranai is Rs 1,650 per sq.ft, with Angala Parameswari Nagar's 2024 figure being below this median.