Guideline Value for Angappa Naicken street 1st lane

Angappa Naicken street 1st lane guideline value

The current guideline value of Angappa Naicken street 1st lane is Rs 5,500 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 II Type - I.

How the guideline value of Angappa Naicken street 1st lane has changed

The guideline value for Angappa Naicken street 1st lane has seen several revisions over the years. The earliest recorded figure is from 2002, where the value was Rs 1,485 per sq.ft. This increased to Rs 1,688 per sq.ft in 2003, marking a change of +14%. The value then rose to Rs 2,000 per sq.ft in 2007, which is a +18% increase. Following that, the value saw a significant jump to Rs 5,000 per sq.ft in 2012, reflecting a +150% change. However, it decreased to Rs 3,350 per sq.ft in 2017, which was a -33% reduction. The guideline value then increased to Rs 5,000 per sq.ft in 2023, showing a +49% change. Finally, the current value is Rs 5,500 per sq.ft as of the 2024 revision, representing a +10% increase.

There are no figures available for Angappa Naicken street 1st lane for the years not mentioned in the revisions. The overall change from 2002 to 2024 is +270%.

Guideline values in Muthialpet

In Muthialpet, there are 160 streets under the Chennai North Joint I SRO that have a 2024 guideline value ranging from Rs 3,800 to Rs 18,000 per sq.ft. The median value is Rs 5,500 per sq.ft, which is the same as the current guideline value for Angappa Naicken street 1st lane.

• Angappa Naicken street 2nd lane: Rs 5,500 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(from Mookar Nallamuthu Street to Post Office Junction): Rs 16,500 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 1st lane

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, while the registration fee at 2% would be Rs 1,10,000. Together, the total cost for these fees would be Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Angappa Naicken street 1st lane?

The Sub Registrar Office that covers Angappa Naicken street 1st lane is the Chennai North Joint I Sub Registrar Office, located at Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-105. For more information, you can find your SRO.

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

The guideline value is a crucial factor during the registration process for property transactions. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When buying or selling property in Muthialpet, the guideline value ensures that the transaction is recorded accurately, reflecting the value of the property as determined by the local authorities. This helps maintain transparency in property dealings.

Frequently asked questions

What is the current guideline value of Angappa Naicken street 1st lane?

The current guideline value of Angappa Naicken street 1st lane is Rs 5,500 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 1,485 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, showing an overall increase of +270% over the years.

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

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 4,95,000.

Which office handles registrations for Angappa Naicken street 1st lane?

The Chennai North Joint I Sub Registrar Office handles registrations for Angappa Naicken street 1st lane. It is located at Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-105.

What is the land classification for Angappa Naicken street 1st lane?

The land classification for Angappa Naicken street 1st lane is Residential Class II Type - I, indicating its suitability for residential purposes.