Guideline Value for Angalamman Kovil Street

Angalamman Kovil Street guideline value

The current guideline value of Angalamman Kovil Street is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Molachoor village, under the Sunguvarchattram SRO, and is classified as Residential Special Type - III.

How the guideline value of Angalamman Kovil Street has changed

Over the years, the guideline value for Angalamman Kovil Street has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2023 revision, where it was also Rs 600 per sq.ft. In the 2017 revision, the value was Rs 402 per sq.ft, indicating a decrease of 33% from the previous 2012 figure. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 600 per sq.ft. The recent 2024 revision has maintained this value, showing no change from the previous year. Overall, from 2012 to 2024, the guideline value has remained steady at Rs 600 per sq.ft.

Guideline values in Molachoor

In Molachoor village, 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 is Rs 600 per sq.ft, placing Angalamman Kovil Street at this median rate.

• AngalaParameshwari Street: Rs 500 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 Angalamman Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Angalamman Kovil Street?

The Sub Registrar Office that covers Angalamman Kovil 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 critical factor in the registration process when buying or selling property in Molachoor. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the government receives its due revenue from property transactions. Buyers and sellers should be aware of these values to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Angalamman Kovil Street?

The current guideline value of Angalamman Kovil Street is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft since 2012, with a notable increase of 49% from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023.

What is the classification of Angalamman Kovil Street?

Angalamman Kovil Street is classified as Residential Special Type - III, according to the guideline value register.

Where can I find the registration office for Angalamman Kovil Street?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a plot of 1,000 sq.ft at the guideline value of Rs 600 per sq.ft would incur a total cost of Rs 54,000 in fees.