Guideline Value for Angalaman Koil 1st Street, Nagelkeni

Angalaman Koil 1st Street, Nagelkeni guideline value

The current guideline value of Angalaman Koil 1st Street, Nagelkeni is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village under the Pammal SRO, classified as Residential Class II Type - II.

How the guideline value of Angalaman Koil 1st Street, Nagelkeni has changed

The guideline value for Angalaman Koil 1st Street has seen significant revisions over the years. The 2017 revision set the value at Rs 1,206 per sq.ft, which increased to Rs 1,800 per sq.ft in the 2023 revision, marking a 49% increase. The current value of Rs 1,980 per sq.ft in the 2024 revision represents a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft, with a median value of Rs 2,090 per sq.ft. Angalaman Koil 1st Street's 2024 figure is below this median.

• Angalaman Koil Street, Nagelkeni: Rs 1,980 per sq.ft (2024)
• Angalamman Koil Street (Thiruneermalai Main Road): Rs 2,200 per sq.ft (2024)
• Andal Parangkusam Street (Muvendar Nagar): Rs 1,760 per sq.ft (2024)
• Anjaneyar Koil Street, Lakshmi Narayanan Nagar: Rs 1,980 per sq.ft (2024)
• Anjenayar Koil Street: Rs 1,760 per sq.ft (2024)
• Anbazhagan Street (Anna Nagar): Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Angalaman Koil 1st Street, Nagelkeni

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600. Together, the total fees would amount to Rs 1,78,200. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Angalaman Koil 1st Street, Nagelkeni?

The Sub Registrar Office that covers Angalaman Koil 1st Street, Nagelkeni is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pammal. It determines the minimum value at which the property can be registered, ensuring that the transaction is recorded accurately for taxation purposes.

When a property is registered, the guideline value is used to calculate the stamp duty and registration fees that need to be paid. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Angalaman Koil 1st Street, Nagelkeni?

The current guideline value of Angalaman Koil 1st Street, Nagelkeni is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 64% overall. The most recent change was a 10% increase from Rs 1,800 per sq.ft in 2023 to Rs 1,980 per sq.ft in 2024.

What is the land classification of Angalaman Koil 1st Street, Nagelkeni?

Angalaman Koil 1st Street, Nagelkeni is classified as Residential Class II Type - II.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Angalaman Koil 1st Street, Nagelkeni is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the stamp duty calculated for properties in Pammal?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 19,80,000, the stamp duty at 7% would be Rs 1,38,600.