Guideline Value for ANGALAMMAN NAGAR

Angalamman Nagar guideline value

The current guideline value for Angalamman Nagar in Meyur village is Rs 100 per sq.ft, effective from 1 July 2024. This area falls under the Oothukkottai SRO and is classified as Residential Class I Type - I.

How the guideline value of Angalamman Nagar has changed

The guideline value for Angalamman Nagar has seen several revisions over the years. In 2012, the value was set at Rs 80 per sq.ft, which then decreased to Rs 54 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 85%, bringing the value back to Rs 100 per sq.ft. The 2023 revision maintained this value, showing no change heading into the 2024 revision.

It is important to note that there are no recorded figures for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 25%, reaching the current rate of Rs 100 per sq.ft.

Guideline values in Meyur

In Meyur, there are 12 streets under the Oothukkottai SRO that have a 2024 guideline value ranging from Rs 100 to Rs 150 per sq.ft, with a median value of Rs 100 per sq.ft. Angalamman Nagar's 2024 figure aligns with this median.

• Arul Babunagar: Rs 100 per sq.ft (2024)
• K R C Nagar: Rs 100 per sq.ft (2024)
• Meyur Madarn City: Rs 100 per sq.ft (2024)
• Rv Nagar: Rs 100 per sq.ft (2024)
• Sri Balaji Avenue: Rs 100 per sq.ft (2024)
• Sri Muthappa Nagar: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Angalamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, leading to a total of Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Angalamman Nagar?

The Angalamman Nagar area is covered by the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process for property transactions in Meyur. It serves as the basis for calculating the stamp duty and registration fees that are required when buying or selling property in the area.

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

Frequently asked questions

What is the current guideline value of Angalamman Nagar?

The current guideline value of Angalamman Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 80 per sq.ft in 2012 to Rs 54 per sq.ft in 2017, and then increased to Rs 100 per sq.ft in 2023 and 2024.

What is the land classification of Angalamman Nagar?

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

Where can I find the Oothukkottai Sub Registrar Office?

The Oothukkottai Sub Registrar Office is located near the government hospital in Uthukottai, 602026, Chennai registration zone.

How is the stamp duty calculated for properties in Angalamman Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 at a rate of 7%.