Guideline Value for Angappa Naicken Street [from P.o Street Junction To Mannady Street Junction]*

Angappa Naicken street [from P.O street Junction to Mannady street Junction]* guideline value

The current guideline value of Angappa Naicken street [from P.O street Junction to Mannady street Junction]* is Rs 7,700 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 - I.

How the guideline value of Angappa Naicken street [from P.O street Junction to Mannady street Junction]* has changed

The guideline value for Angappa Naicken street has undergone several revisions over the years. In 2002, the guideline value was Rs 1,734 per sq.ft. This increased to Rs 1,971 per sq.ft in 2003, reflecting a change of +14%. The value then rose to Rs 2,300 per sq.ft in 2007, marking an increase of +17%. Following this, the 2012 revision set the value at Rs 7,000 per sq.ft, which was a significant drop of -33% from the previous figure. The value remained at Rs 7,000 per sq.ft until the 2017 revision, which saw a notable increase to Rs 4,690 per sq.ft, representing a change of +49%.

The most recent revisions show a substantial increase leading up to the current value. In 2023, the guideline value was Rs 7,000 per sq.ft, and it increased to Rs 7,700 per sq.ft in 2024, reflecting a change of +10%. Overall, from 2002 to 2024, the guideline value has increased by +344%.

Guideline values in Muthialpet

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

• 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 Mookar Nallamuthu Street to Post Office Junction]: Rs 16,500 per sq.ft (2024)
• Angappa Naicken street [from Mannady street Junction to Ibrahim street Junction]: Rs 7,100 per sq.ft (2024)
• Angappa Naicken street 2nd lane: Rs 5,500 per sq.ft (2024)
• Angappa Naicken street 1st lane: Rs 5,500 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 P.O street Junction to Mannady street Junction]*

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 77,00,000. The stamp duty at 7% would amount to Rs 5,39,000, while the registration fee at 2% would be Rs 1,54,000. Together, the total cost for stamp duty and registration fee would be Rs 6,93,000. It is important to note that the duty is charged on the higher of the guideline value or 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 P.O street Junction to Mannady street Junction]*?

The Sub Registrar Office that covers Angappa Naicken street [from P.O street Junction to Mannady street Junction]* is the Chennai North Joint I Sub Registrar Office, located at Nsc Bose Road, Kuralagam First Floor, Esplaned 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 of property transactions in Muthialpet. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the sale or purchase of property.

When a property is registered, 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 the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Angappa Naicken street [from P.O street Junction to Mannady street Junction]?

The current guideline value of Angappa Naicken street [from P.O street Junction to Mannady street Junction]* is Rs 7,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,734 per sq.ft in 2002 to Rs 7,700 per sq.ft in 2024, representing an overall increase of +344% over the years.

What is the median guideline value in Muthialpet?

The median guideline value in Muthialpet is Rs 5,500 per sq.ft, with Angappa Naicken street [from P.O street Junction to Mannady street Junction]* being above this median at Rs 7,700 per sq.ft.

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

The stamp duty for properties in Angappa Naicken street [from P.O street Junction to Mannady street Junction]* is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which office handles the registration of properties in this area?

The Chennai North Joint I Sub Registrar Office handles the registration of properties in Angappa Naicken street [from P.O street Junction to Mannady street Junction]*, located at Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-105.