Guideline Value for Angalaparameswari 2nd Street

Angalaparameswari 2nd Street guideline value

The current guideline value of Angalaparameswari 2nd 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 SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Angalaparameswari 2nd Street has changed

Over the years, the guideline value of Angalaparameswari 2nd Street has seen significant changes. In the 2007 revision, the guideline value was Rs 800 per sq.ft, which increased dramatically to Rs 3,000 per sq.ft in the 2012 revision, marking a rise of 275%. However, the value then decreased to Rs 2,010 per sq.ft in the 2017 revision, a drop of 33%. The 2023 revision brought it back up to Rs 3,000 per sq.ft, and the most recent 2024 revision has set it at Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 313%.

Guideline values in Kodambakkam

The guideline values in Kodambakkam vary widely, with 1,031 streets under the Ashok Nagar SRO carrying a 2024 figure ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, placing Angalaparameswari 2nd Street's 2024 value below that median.

• Angalaparameswari 1st 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 2nd 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 fees to Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Angalaparameswari 2nd Street?

The Sub Registrar Office that covers Angalaparameswari 2nd Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Angalaparameswari 2nd Street?

The current guideline value of Angalaparameswari 2nd 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 significantly from Rs 800 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 313%.

What are the other streets in Kodambakkam with similar guideline values?

Other streets in Kodambakkam with similar guideline values include Angalaparameswari 1st, 3rd, and 4th Streets, all at Rs 3,300 per sq.ft in 2024.

What is the registration fee for property in Angalaparameswari 2nd Street?

The registration fee for property in Angalaparameswari 2nd Street is 2% of the guideline value. For a 1,000 sq.ft plot, this amounts to Rs 66,000.

Where is the Sub Registrar Office for Angalaparameswari 2nd Street located?

The Sub Registrar Office for Angalaparameswari 2nd Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.