Guideline Value for Angalaparameswari 3rd Street

Angalaparameswari 3rd Street guideline value

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

How the guideline value of Angalaparameswari 3rd Street has changed

The guideline value for Angalaparameswari 3rd Street has undergone several revisions over the years. In 2007, the value was Rs 800 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012. However, it then decreased to Rs 2,010 per sq.ft in 2017. From 2017 to 2023, the value rose to Rs 3,000 per sq.ft, and the latest revision in 2024 set it at Rs 3,300 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

From 2007 to 2012, the guideline value increased by 275%. However, it saw a decrease of 33% from 2012 to 2017. The value then increased by 49% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 313%.

Guideline values in Kodambakkam

In Kodambakkam, the guideline values vary widely, with 1,031 streets under the Ashok Nagar SRO having a 2024 figure ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value is Rs 4,900 per sq.ft, making Angalaparameswari 3rd Street's 2024 figure below that median.

• Angalaparameswari 2nd Street: Rs 3,300 per sq.ft (2024)
• Angalaparameswari 4th Street: Rs 3,300 per sq.ft (2024)
• Angalaparameswari 1st 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 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Angalaparameswari 3rd Street?

The Sub Registrar Office covering Angalaparameswari 3rd Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the 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 an essential factor when buying or selling property in Kodambakkam. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used for calculating the applicable duties.

When registering a property, it is crucial to consider the guideline value as it ensures that the transaction is legally recognized and that all necessary fees are paid. This helps in maintaining transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Angalaparameswari 3rd Street?

The current guideline value of Angalaparameswari 3rd 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 seen several changes, starting from Rs 800 per sq.ft in 2007, increasing to Rs 3,300 per sq.ft in 2024, with various fluctuations in between.

What is the land classification for Angalaparameswari 3rd Street?

Angalaparameswari 3rd Street is classified as Residential Class IV Type - II.

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

The Ashok Nagar Sub Registrar Office covers Angalaparameswari 3rd Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 33,00,000 would incur a stamp duty of Rs 2,31,000 at 7%.