Guideline Value for AngalaParameshwari Street

AngalaParameshwari Street guideline value

The current guideline value of AngalaParameshwari Street is Rs 500 per sq.ft, effective from 1 July 2024. This street is located in Molachoor village, under the Sunguvarchattram SRO, classified as Residential Class I Type - I.

How the guideline value of AngalaParameshwari Street has changed

In the 2012 revision, the guideline value for AngalaParameshwari Street was set at Rs 500 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 335 per sq.ft. The 2023 revision saw a return to Rs 500 per sq.ft, and this rate has been maintained in the 2024 revision, indicating no percentage change from 2023 to 2024.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. However, the overall change from the 2012 revision to the 2024 revision shows no increase, remaining at Rs 500 per sq.ft. The register has no figures for AngalaParameshwari Street in the years 2002, 2003, and 2007.

Guideline values in Molachoor

In Molachoor, there are 112 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 2,000 per sq.ft. The median value for these streets is Rs 600 per sq.ft, which means AngalaParameshwari Street's 2024 figure is below this median.

• Angalamman Kovil Street: Rs 600 per sq.ft (2024)
• Anandam Kabaleeswarar Co-Operative Nagar: Rs 600 per sq.ft (2024)
• Annai Nagar-I: Rs 500 per sq.ft (2024)
• Annai Nagar -II: Rs 500 per sq.ft (2024)
• Annai Nagar-III: Rs 500 per sq.ft (2024)
• Annai Nagar-IV: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in AngalaParameshwari Street

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total to Rs 45,000. 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 AngalaParameshwari Street?

The Sub Registrar Office that covers AngalaParameshwari Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Molachoor. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and fairness in property transactions.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees that need to be paid. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of AngalaParameshwari Street?

The current guideline value of AngalaParameshwari Street is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revisions being Rs 500 per sq.ft in both 2023 and 2024. There was a drop to Rs 335 per sq.ft in 2017, but it returned to Rs 500 per sq.ft in the following revisions.

What are the guideline values of other streets in Molachoor?

Other streets in Molachoor have varying guideline values, ranging from Rs 300 to Rs 2,000 per sq.ft. The median value for these streets is Rs 600 per sq.ft, which is higher than the guideline value of AngalaParameshwari Street.

What fees are associated with buying property on AngalaParameshwari Street?

When purchasing property on AngalaParameshwari Street, buyers must pay stamp duty at 7% and a registration fee at 2% of the guideline value. For a 1,000 sq.ft plot, these fees would total Rs 45,000.

Which office handles the registration for AngalaParameshwari Street?

The registration for AngalaParameshwari Street is handled by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.