Guideline Value for Angalamman Koil Street (Thiruneermalai Main Road)

Angalamman Koil Street (Thiruneermalai Main Road) guideline value

The current guideline value for Angalamman Koil Street (Thiruneermalai Main Road) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Angalamman Koil Street (Thiruneermalai Main Road) has changed

The guideline value for Angalamman Koil Street has seen significant changes over the years. In 2002, the guideline value was Rs 227 per sq.ft, which increased to Rs 257 per sq.ft in 2003, marking a change of +13%. By 2007, the value rose to Rs 570 per sq.ft, reflecting a substantial increase of +122%. The 2017 revision set the value at Rs 1,340 per sq.ft, which was a remarkable increase of +135% from the previous figure. The value further increased to Rs 2,000 per sq.ft in 2023, showing a rise of +49%.

The most recent revision in 2024 has set the guideline value at Rs 2,200 per sq.ft, which is a 10% increase from the 2023 figure. It is important to note that there is no figure available for the year 2012 for this street in the register.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value in the village is Rs 2,090 per sq.ft, placing Angalamman Koil Street's 2024 figure above this median.

• Angalaman Koil Street, Nagelkeni: Rs 1,980 per sq.ft (2024)
• Angalaman Koil 1st Street, Nagelkeni: Rs 1,980 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 Angalamman Koil Street (Thiruneermalai Main Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total cost for these fees Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Angalamman Koil Street (Thiruneermalai Main Road)?

The Sub Registrar Office that covers Angalamman Koil Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the 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 property transactions in Pammal, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are calculated based on the guideline value or the sale price, whichever is higher.

When a property is sold, the buyer must pay the stamp duty and registration fees based on the guideline value. This ensures that the government receives the appropriate revenue from property transactions and helps maintain transparency in the real estate market.

Frequently asked questions

What is the current guideline value for Angalamman Koil Street?

The current guideline value for Angalamman Koil Street (Thiruneermalai Main Road) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 227 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, representing an overall increase of +869% over the years.

What is the median guideline value in Pammal?

The median guideline value in Pammal is Rs 2,090 per sq.ft, with Angalamman Koil Street's 2024 figure being above this median.

What are the stamp duty and registration fees for properties in Pammal?

Stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 1,98,000.

Where can I find the Sub Registrar Office for Angalamman Koil Street?

The Sub Registrar Office for Angalamman Koil Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more details by visiting the appropriate link.