Guideline Value for Angalaparameswari Nagar Cross Street

Angalaparameswari Nagar Cross Street guideline value

The current guideline value of Angalaparameswari Nagar Cross Street is Rs 1,550 per sq.ft. This street is located in Thirunageswaram village, under the Kunrathur SRO, and is classified as Residential Special Type - II.

How the guideline value of Angalaparameswari Nagar Cross Street has changed

The guideline value for Angalaparameswari Nagar Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,400 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 938 per sq.ft. However, the value increased to Rs 1,400 per sq.ft in the 2012 revision, and then to Rs 1,400 per sq.ft again in 2023, marking a 49% rise from the 2017 figure. The most recent revision in 2024 has further increased the guideline value to Rs 1,550 per sq.ft, reflecting an 11% increase from the 2023 figure.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Thirunageswaram

In Thirunageswaram, there are 105 streets under the Kunrathur SRO that carry 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 equal to the current guideline value of Angalaparameswari Nagar Cross Street.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,550 per sq.ft, the total 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, bringing the total cost for these fees to 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 Cross Street?

The Sub Registrar Office that covers Angalaparameswari Nagar Cross 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 plays a crucial role in property transactions in Thirunageswaram. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the property is registered at a value that reflects the current market conditions as per the government’s assessment.

It is essential for buyers and sellers to be aware of the guideline value, as it affects the overall cost of the transaction. Accurate knowledge of these values helps in better financial planning and compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Angalaparameswari Nagar Cross Street?

The current guideline value of Angalaparameswari Nagar Cross 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 1,400 per sq.ft in 2023 to Rs 1,550 per sq.ft in 2024, marking an increase of 11%. From 2017 to 2023, it rose by 49% from Rs 938 per sq.ft.

Is there a guideline value for Angalaparameswari Nagar Cross Street in earlier revisions?

The register has no figures for the years 2002, 2003, and 2007 for Angalaparameswari Nagar Cross Street. The last recorded values are from 2012 onwards.

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

For a property valued at Rs 15,50,000, the stamp duty would be Rs 1,08,500, and the registration fee would be Rs 31,000, totaling Rs 1,39,500. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles all registrations for properties in the area.