Guideline Value for ANGALAMMAN NAGAR & ANNEX

Angalamman Nagar & Annex guideline value

The current guideline value of Angalamman Nagar & Annex is Rs 626 per sq.ft, effective from 1 July 2024. This area is located in Kakkalur village under the Tiruvallur Joint 1 SRO and is classified as Residential Class II Type - III.

How the guideline value of Angalamman Nagar & Annex has changed

The guideline value for Angalamman Nagar & Annex has seen several revisions over the years. The 2012 revision set the value at Rs 625 per sq.ft, which then decreased to Rs 419 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 626 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, the guideline value has remained stable from 2012 to 2024, showing no net change during this period.

Guideline values in Kakkalur

Kakkalur village features a range of guideline values, with 133 streets under the Tiruvallur Joint 1 SRO carrying a 2024 figure ranging from Rs 400 to Rs 3,000 per sq.ft. The median value is Rs 626 per sq.ft, which is equal to the current guideline value of Angalamman Nagar & Annex.

• Anjaneya Puram/ Nagar: Rs 626 per sq.ft (2024)
• Anjaneya Puram Streets/ Main Road: Rs 626 per sq.ft (2024)
• Ambethkar Street: Rs 626 per sq.ft (2024)
• Alli Street: Rs 626 per sq.ft (2024)
• Appasami Sami Salai/ Road: Rs 400 per sq.ft (2024)
• Appasami Street: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Angalamman Nagar & Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 626 per sq.ft, the total guideline value amounts to Rs 6,26,000. The stamp duty at 7% would be Rs 43,820, and the registration fee at 2% would be Rs 12,520, together totaling Rs 56,340. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Angalamman Nagar & Annex?

The Sub Registrar Office that covers Angalamman Nagar & Annex is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Kakkalur. It is used to determine the stamp duty and registration fees payable when registering a property sale. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher amount will be used for calculating the applicable fees.

When selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps maintain transparency in the real estate market. It is essential for both buyers and sellers to understand the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Angalamman Nagar & Annex?

The current guideline value of Angalamman Nagar & Annex is Rs 626 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained stable at Rs 626 per sq.ft from 2023 to 2024, after increasing from Rs 419 per sq.ft in 2017 to Rs 626 per sq.ft in 2023. The value was Rs 625 per sq.ft in 2012.

What is the classification of land in Angalamman Nagar & Annex?

Angalamman Nagar & Annex is classified as Residential Class II Type - III, which indicates its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, a 1,000 sq.ft plot would incur a total of Rs 56,340 in fees.

Where can I find the Sub Registrar Office for Angalamman Nagar & Annex?

The Sub Registrar Office for Angalamman Nagar & Annex is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.