Guideline Value for Angappa Naicken Street [ From Mannady Street Junction To Ibrahim Street Junction]

Angappa Naicken street [ from Mannady street Junction to Ibrahim street Junction] guideline value

The current guideline value for Angappa Naicken street [ from Mannady street Junction to Ibrahim street Junction] is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Muthialpet village and falls under the Chennai North Joint I SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Angappa Naicken street [ from Mannady street Junction to Ibrahim street Junction] has changed

The guideline value for Angappa Naicken street has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 1,150 per sq.ft. In 2003, it increased to Rs 1,307 per sq.ft, marking a change of +14%. The value then rose to Rs 1,500 per sq.ft in 2007, reflecting a +15% increase. The 2012 revision saw the value jump significantly to Rs 6,500 per sq.ft, an increase of +333%. However, in the 2017 revision, the value decreased to Rs 4,355 per sq.ft, a decline of -33%. The 2023 revision brought the value back up to Rs 6,500 per sq.ft, and the most recent 2024 revision set it at Rs 7,100 per sq.ft, which is an increase of +9% from the previous year.

Overall, from the 2002 revision to the 2024 revision, the guideline value has increased by +517%. There are no revisions for this street in the years not listed above.

Guideline values in Muthialpet

In Muthialpet, there are 160 streets under the Chennai North Joint I SRO that carry a 2024 guideline value, ranging from Rs 3,800 to Rs 18,000 per sq.ft. The median guideline value for these streets is Rs 5,500 per sq.ft, placing Angappa Naicken street [ from Mannady street Junction to Ibrahim street Junction] above this median.

• Angappa Naicken street 2nd lane: Rs 5,500 per sq.ft (2024)
• Angappa Naicken Street (from Mookar Nallamuthu Street to Post Office Junction): Rs 16,500 per sq.ft (2024)
• Angappa Naicken street 1st lane: Rs 5,500 per sq.ft (2024)
• Angappa Naicken street [from N.S.C Bose Rd to Mookar Nallamuthu Street Junction]: Rs 16,500 per sq.ft (2024)
• Angappa Naicken street [from P.O street Junction to Mannady street Junction]: Rs 7,700 per sq.ft (2024)
• Alwarchary lane: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Angappa Naicken street [ from Mannady street Junction to Ibrahim street Junction]

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value amounts to Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total fees to Rs 6,39,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Angappa Naicken street [ from Mannady street Junction to Ibrahim street Junction]?

The Sub Registrar Office that covers Angappa Naicken street is the Chennai North Joint I Sub Registrar Office, located at Nsc Bose Road, Kuralagam First Floor, Esplanade Street, Chennai-105. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Muthialpet. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value as per government standards.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Angappa Naicken street?

The current guideline value for Angappa Naicken street [ from Mannady street Junction to Ibrahim street Junction] is Rs 7,100 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 1,150 per sq.ft in 2002 to Rs 7,100 per sq.ft in 2024, marking an overall increase of +517% over the years.

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

For a property valued at Rs 71,00,000, the stamp duty would be Rs 4,97,000 and the registration fee would be Rs 1,42,000, totaling Rs 6,39,000.

Which Sub Registrar Office covers this street?

The Chennai North Joint I Sub Registrar Office covers Angappa Naicken street, located at Nsc Bose Road, Kuralagam First Floor, Esplanade Street, Chennai-105.

What is the land classification for Angappa Naicken street?

The land classification for Angappa Naicken street [ from Mannady street Junction to Ibrahim street Junction] is Residential Class I Type - II.