Guideline Value for Angalaparameswari 1st Street

Angalaparameswari 1st Street guideline value

The current guideline value of Angalaparameswari 1st Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar Sub Registrar Office (SRO). The land classification for this area is Residential Class IV Type - II.

How the guideline value of Angalaparameswari 1st Street has changed

Over the years, the guideline value for Angalaparameswari 1st Street has seen several revisions. The earliest recorded figure is from 2007, where the guideline value was Rs 800 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in 2012, marking a rise of 275%. However, it then decreased to Rs 2,010 per sq.ft in 2017, a drop of 33%. The value rebounded to Rs 3,000 per sq.ft in 2023, and further increased by 10% to the current value of Rs 3,300 per sq.ft in 2024.

There are no recorded figures for the years 2002 and 2003 for this street. The overall change from 2007 to 2024 reflects an increase of 313%, highlighting the fluctuations in the guideline value over the years.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO, with 2024 guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, which means that the value of Angalaparameswari 1st Street is below this median.

• Angalaparameswari 2nd Street: Rs 3,300 per sq.ft (2024)
• Angalaparameswari 3rd Street: Rs 3,300 per sq.ft (2024)
• Angalaparameswari 4th Street: Rs 3,300 per sq.ft (2024)
• Angalamman Koil Street: Rs 4,900 per sq.ft (2024)
• Andiyappan Naicken Street: Rs 4,900 per sq.ft (2024)
• Anjugam Nagar 1st Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Angalaparameswari 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Angalaparameswari 1st Street?

The Sub Registrar Office that covers Angalaparameswari 1st Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Kodambakkam. It serves as a benchmark for determining the minimum sale price of the property, ensuring that the transaction is registered at a fair value in accordance with government regulations.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the higher of the guideline value or the actual sale price, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Angalaparameswari 1st Street?

The current guideline value of Angalaparameswari 1st Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 313% over the years.

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

For a 1,000 sq.ft property at the current guideline value, the total stamp duty and registration fees would amount to Rs 2,97,000, based on the guideline value of Rs 33,00,000.

Which office handles registrations for Angalaparameswari 1st Street?

The Ashok Nagar Sub Registrar Office handles registrations for Angalaparameswari 1st Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Angalaparameswari 1st Street?

The land classification for Angalaparameswari 1st Street is Residential Class IV Type - II, indicating its designation for residential use.