Guideline Value for Angu Nagar

Angu Nagar guideline value

The current guideline value for Angu Nagar, located in Maathoor village under the Sunguvarchattram SRO, is Rs 250 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class III Type - I land classification.

How the guideline value of Angu Nagar has changed

Over the years, the guideline value for Angu Nagar has seen several revisions. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged in the 2023 revision. However, prior to that, in the 2017 revision, the value was Rs 167 per sq.ft, marking a significant increase of 50% from 2017 to 2023. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. Overall, comparing the 2012 revision to the current 2024 revision, the guideline value has remained stable at Rs 250 per sq.ft, showing no change over this period.

Guideline values in Maathoor

In Maathoor, there are 47 streets under the Sunguvarchattram SRO that have a 2024 guideline value ranging from Rs 250 to Rs 2,687 per sq.ft, with a median value of Rs 500 per sq.ft. The guideline value for Angu Nagar is below this median.

• Angallamman Kovil Street: Rs 505 per sq.ft (2024)
• Angallamman Kovil Main Road: Rs 505 per sq.ft (2024)
• Ambethkar Street: Rs 500 per sq.ft (2024)
• Arunagiriyar Street: Rs 500 per sq.ft (2024)
• Agathiyar Street: Rs 500 per sq.ft (2024)
• Agaligai Street: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Angu Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty, charged at 7%, would be Rs 17,500, while the registration fee at 2% would be Rs 5,000, making the total fees Rs 22,500. 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 Angu Nagar?

The Sub Registrar Office that covers Angu Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Maathoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the buyer is required to pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Angu Nagar?

The current guideline value of Angu Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft since the 2012 revision, with a notable increase of 50% from Rs 167 per sq.ft in 2017 to the 2023 revision, which also maintained the value at Rs 250 per sq.ft.

What is the median guideline value in Maathoor?

The median guideline value in Maathoor is Rs 500 per sq.ft, while Angu Nagar's current guideline value is below this median.

What are the stamp duty and registration fees for Angu Nagar?

For a 1,000 sq.ft plot in Angu Nagar, the total guideline value is Rs 2,50,000. The stamp duty would be Rs 17,500, and the registration fee would be Rs 5,000, totaling Rs 22,500.

Which office registers properties in Angu Nagar?

The Sunguvarchattram Sub Registrar Office is responsible for registering properties in Angu Nagar, located on Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.