Guideline Value for ANGILO NAGAR-2

Angilo Nagar-2 guideline value

The current guideline value of Angilo Nagar-2, located in Kosappur village under the Thiruvottiyur SRO, is Rs 1,002 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Angilo Nagar-2 has changed

The guideline value for Angilo Nagar-2 has seen significant changes over the years. In 2002, the guideline value was Rs 31 per sq.ft, which increased to Rs 34 per sq.ft in 2003, marking a 10% rise. The value then rose to Rs 200 per sq.ft in 2007, reflecting a substantial increase of 488%. By 2012, it further increased to Rs 300 per sq.ft, showing a 50% hike from the previous revision.

From 2012 to 2017, the guideline value decreased to Rs 201 per sq.ft, indicating a decline of 33%. However, from 2017 to 2023, it surged to Rs 1,002 per sq.ft, representing a remarkable increase of 399%. The guideline value remained unchanged at Rs 1,002 per sq.ft from 2023 to 2024, resulting in a 0% change during this period. Overall, from 2002 to 2024, the guideline value has increased by 3132%.

Guideline values in Kosappur

Kosappur village has 25 streets under the Thiruvottiyur SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 1,600 per sq.ft. The median value for these streets is Rs 1,002 per sq.ft, which is equal to the guideline value of Angilo Nagar-2.

• Anjela Nagar: Rs 1,002 per sq.ft (2024)
• Coramondal Green City: Rs 1,040 per sq.ft (2024)
• Donbosco Nagar: Rs 1,002 per sq.ft (2024)
• Dr.AMBETKAR NAGAR: Rs 1,000 per sq.ft (2024)
• Gnanaguru Nagar: Rs 1,002 per sq.ft (2024)
• Jain Nagar: Rs 1,002 per sq.ft (2024)

Stamp duty and registration fee for property in Angilo Nagar-2

For a 1,000 sq.ft plot at the current guideline value of Rs 1,002 per sq.ft, the total guideline value would be Rs 10,02,000. The stamp duty at 7% would amount to Rs 70,140, while the registration fee at 2% would be Rs 20,040. The total cost for stamp duty and registration would be Rs 90,180. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Angilo Nagar-2?

The Sub Registrar Office covering Angilo Nagar-2 is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Kosappur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Angilo Nagar-2?

The current guideline value of Angilo Nagar-2 is Rs 1,002 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 31 per sq.ft in 2002 to Rs 1,002 per sq.ft in 2024, marking an overall increase of 3132% over the years.

What is the land classification for Angilo Nagar-2?

The land classification for Angilo Nagar-2 is Residential Special Type - II.

What are the stamp duty and registration fees for property in Angilo Nagar-2?

For a property valued at Rs 10,02,000, the stamp duty would be Rs 70,140 and the registration fee would be Rs 20,040, totaling Rs 90,180.

Where is the Thiruvottiyur Sub Registrar Office located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.