Guideline Value for ANGALA PARAMESWARI STREET

Angala Parameswari Street guideline value

The current guideline value of Angala Parameswari Street is Rs 2,160 per sq.ft, effective from 1 July 2024. This street is located in Nemilicherry village under the Pallavaram SRO, classified as Residential Class II Type - I.

How the guideline value of Angala Parameswari Street has changed

The guideline value for Angala Parameswari Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was a decrease of 33% from the Rs 1,340 per sq.ft recorded in the 2017 revision. The guideline value remained the same at Rs 2,000 per sq.ft in 2012 and did not change until the 2023 revision, which increased it to Rs 2,000 per sq.ft.

In 2023, the guideline value was revised to Rs 2,000 per sq.ft, and then it saw an increase of 8% to Rs 2,160 per sq.ft in the 2024 revision. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Nemilicherry

Nemilicherry village has a total of 172 streets under the Pallavaram SRO, with guideline values ranging from Rs 1,100 to Rs 3,300 per sq.ft. The median value among these streets is Rs 2,160 per sq.ft, which is equal to the guideline value of Angala Parameswari Street for 2024.

• Andavar Street: Rs 2,160 per sq.ft (2024)
• Annai Therasa Street: Rs 2,160 per sq.ft (2024)
• Annamalai Street: Rs 2,420 per sq.ft (2024)
• Ambedkar Nagar: Rs 2,160 per sq.ft (2024)
• Amaravathi Street: Rs 1,100 per sq.ft (2024)
• Alamaram Street: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in Angala Parameswari Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,160 per sq.ft, the total guideline value would be Rs 21,60,000. The stamp duty at 7% would amount to Rs 1,51,200, and the registration fee at 2% would be Rs 43,200. Together, the total cost for stamp duty and registration fee would be Rs 1,94,400. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Angala Parameswari Street?

The Sub Registrar Office covering Angala Parameswari Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Nemilicherry, the guideline value plays a crucial role in determining the registration fees and stamp duty. The guideline value is used as a benchmark to calculate these costs, ensuring that the transaction is recorded accurately in the official registry.

It is essential for buyers and sellers to be aware of the current guideline value as it affects the overall cost of the transaction. Understanding the guideline value helps in making informed decisions during the property buying or selling process.

Frequently asked questions

What is the current guideline value of Angala Parameswari Street?

The current guideline value of Angala Parameswari Street is Rs 2,160 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 2,160 per sq.ft in 2024. It was Rs 2,000 per sq.ft in 2023, and Rs 1,340 per sq.ft in 2017, showing a significant increase over the years.

What is the land classification for Angala Parameswari Street?

Angala Parameswari Street is classified as Residential Class II Type - I. This classification is important for understanding the type of development and usage allowed in the area.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Angala Parameswari Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 21,60,000 would incur a stamp duty of Rs 1,51,200 at a rate of 7%.