Guideline Value for Angalaparameswari Nagar 1st Street

Angalaparameswari Nagar 1st Street guideline value

The current guideline value of Angalaparameswari Nagar 1st Street is Rs 1,550 per sq.ft, effective from 1 July 2024. This street is located in Thirunageswaram village and falls under the Kunrathur SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Angalaparameswari Nagar 1st Street has changed

Looking at the revisions, the guideline value for Angalaparameswari Nagar 1st Street was Rs 938 per sq.ft in 2017, which then increased to Rs 1,400 per sq.ft in 2012. The value remained the same in 2012 and then saw a significant increase to Rs 1,400 per sq.ft in 2023. The latest revision in 2024 has raised the value to Rs 1,550 per sq.ft, marking an increase of 11% from the previous year.

From 2017 to 2023, there was a notable increase of 49%. However, between 2012 and 2017, the value decreased by 33%. Overall, from 2012 to 2024, the guideline value has increased by 11%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirunageswaram

In Thirunageswaram, there are 105 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft. The median value is Rs 1,550 per sq.ft, which is the same as the guideline value for Angalaparameswari Nagar 1st Street.

• Angalaparameswari Nagar 2nd Street: Rs 1,550 per sq.ft (2024)
• Angalaparameswari Nagar 3rd Street: Rs 1,550 per sq.ft (2024)
• Angalaparameswari Nagar Cross Street: Rs 1,550 per sq.ft (2024)
• Angalaparameswari Nagar Main Road: Rs 1,550 per sq.ft (2024)
• Amman Koil Street: Rs 1,550 per sq.ft (2024)
• Anna Nagar 1st Street: Rs 1,550 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 15,50,000. The stamp duty at 7% would be Rs 1,08,500, and the registration fee at 2% would be Rs 31,000, totaling Rs 1,39,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Angalaparameswari Nagar 1st Street?

The Sub Registrar Office that covers Angalaparameswari Nagar 1st Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a critical factor during property transactions in Thirunageswaram. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that all transactions reflect a fair valuation.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, which are mandatory for legal ownership transfer. This value helps maintain transparency in property dealings.

Frequently asked questions

What is the current guideline value for Angalaparameswari Nagar 1st Street?

The current guideline value for Angalaparameswari Nagar 1st Street is Rs 1,550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 938 per sq.ft in 2017 to Rs 1,550 per sq.ft in 2024, with various revisions in between, including Rs 1,400 per sq.ft in 2023.

What is the land classification for Angalaparameswari Nagar 1st Street?

The land classification for Angalaparameswari Nagar 1st Street is Residential Special Type - II.

Where can I find the registration office for this street?

The registration office for Angalaparameswari Nagar 1st Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 15,50,000, the stamp duty would be Rs 1,08,500 at a rate of 7%.