Guideline Value for Angala Parameswari Nagar

Angala Parameswari Nagar guideline value

The current guideline value of Angala Parameswari Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Parivakkam village under the Poonamallee SRO, classified as Residential Special Type - I.

How the guideline value of Angala Parameswari Nagar has changed

The guideline value for Angala Parameswari Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,000 per sq.ft in 2023, and the most recent revision in 2024 raised it further to Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

Between the revisions, the changes are as follows: from 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Parivakkam

In Parivakkam, there are 31 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 6,750 per sq.ft, with a median value of Rs 1,800 per sq.ft. The guideline value of Angala Parameswari Nagar is below this median.

• Arulmegu Palleswarar Nagar: Rs 660 per sq.ft (2024)
• Devi Karumari Amman Nagar: Rs 660 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 660 per sq.ft (2024)
• Fairmont Estates: Rs 2,000 per sq.ft (2024)
• Garden Town: Rs 3,500 per sq.ft (2024)
• Krishna Nagar Phase I: Rs 1,800 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 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost for these fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Angala Parameswari Nagar?

The Sub Registrar Office that covers Angala Parameswari Nagar is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Parivakkam. It serves as a reference point for determining the stamp duty and registration fees that need to be paid when buying or selling property in this area.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are levied. Buyers and sellers must be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Angala Parameswari Nagar?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification of Angala Parameswari Nagar?

Angala Parameswari Nagar is classified as Residential Special Type - I.

Where can I find the registration office for Angala Parameswari Nagar?

The registration office for Angala Parameswari Nagar is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

How is stamp duty calculated for property in Angala Parameswari Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, the stamp duty for a property valued at Rs 11,00,000 would be Rs 77,000 at a rate of 7%.