Guideline Value for Angappa Naicken street[from N.S.C Bose Rd to Mookar Nallamuthu Street Junction]

Angappa Naicken street[from N.S.C Bose Rd to Mookar Nallamuthu Street Junction] guideline value

The current guideline value of Angappa Naicken street[from N.S.C Bose Rd to Mookar Nallamuthu Street Junction] is Rs 16,500 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 Commercial Class I Type - I.

How the guideline value of Angappa Naicken street[from N.S.C Bose Rd to Mookar Nallamuthu Street Junction] has changed

The guideline value for Angappa Naicken street has seen several revisions over the years. In 2007, the value was Rs 6,000 per sq.ft, which increased significantly to Rs 15,000 per sq.ft in 2012, representing a 150% rise. However, this value dropped to Rs 10,050 per sq.ft in 2017, marking a decrease of 33%. The value then rose to Rs 15,000 per sq.ft in 2023, which was a 49% increase. The most recent revision in 2024 set the guideline value at Rs 16,500 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 175%.

Guideline values in Muthialpet

Muthialpet village has 160 streets under the Chennai North Joint I SRO, with guideline values ranging from Rs 3,800 to Rs 18,000 per sq.ft. The median value for these streets is Rs 5,500 per sq.ft, which indicates that Angappa Naicken street's 2024 figure is above this median.

• Angappa Naicken Street(from Mookar Nallamuthu Street to Post Office 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)
• 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 N.S.C Bose Rd to Mookar Nallamuthu Street Junction]

For a 1,000 sq.ft plot at the current guideline value of Rs 16,500 per sq.ft, the total guideline value amounts to Rs 1,65,00,000. The stamp duty at 7% would be Rs 11,55,000, and the registration fee at 2% would be Rs 3,30,000, bringing the total to Rs 14,85,000. It is essential to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Angappa Naicken street[from N.S.C Bose Rd to Mookar Nallamuthu 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 during the registration of property transactions in Muthialpet. It serves as a benchmark for determining the minimum value of the property, ensuring that the transaction is registered at a value that reflects the market conditions.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial obligations associated with the transaction.

Frequently asked questions

What is the current guideline value of Angappa Naicken street?

The current guideline value of Angappa Naicken street[from N.S.C Bose Rd to Mookar Nallamuthu Street Junction] is Rs 16,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, rising from Rs 6,000 per sq.ft in 2007 to Rs 16,500 per sq.ft in 2024, which is an overall increase of 175%.

What is the land classification for Angappa Naicken street?

The land classification for Angappa Naicken street is Commercial Class I Type - I, indicating its suitability for commercial activities.

Where can I find the Sub Registrar Office for Angappa Naicken street?

The Sub Registrar Office for Angappa Naicken street is located at Nsc Bose Road, Kuralagam First Floor, Esplanade Street, Chennai-105.

How is stamp duty calculated for properties in Muthialpet?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. This ensures that the appropriate fees are collected during the registration process.