Guideline Value for Bangaru Ammal Nagar

Bangaru Ammal Nagar guideline value

The current guideline value of Bangaru Ammal Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Nemili_B village under the Sriperumpudur SRO and is classified as Residential Class II Type - I.

How the guideline value of Bangaru Ammal Nagar has changed

Over the years, the guideline value for Bangaru Ammal Nagar has seen several revisions. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 300 per sq.ft, which was then reduced to Rs 250 per sq.ft in the 2024 revision, marking a decrease of 17%.

The current value of Rs 250 per sq.ft aligns with the median guideline value for Nemili_B, which ranges from Rs 150 to Rs 1,500 per sq.ft for 97 streets under the Sriperumpudur SRO.

Guideline values in Nemili_B

Nemili_B village features a variety of guideline values across its streets. The current guideline value for Bangaru Ammal Nagar is equal to the median value of Rs 250 per sq.ft. Below are other streets in Nemili_B with their respective guideline values for 2024:

• Benzigar Nagar: Rs 250 per sq.ft (2024)
• Bhagavathy Nagar: Rs 200 per sq.ft (2024)
• Balaji Nagar: Rs 300 per sq.ft (2024)
• Bharathi Nagar: Rs 200 per sq.ft (2024)
• Bharathiyar Street: Rs 150 per sq.ft (2024)
• Bajanai Koil Street: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Bangaru Ammal 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 is charged at 7%, totaling Rs 17,500, while the registration fee is 2%, amounting to Rs 5,000. Together, these fees total Rs 22,500. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Bangaru Ammal Nagar?

The Sub Registrar Office that covers Bangaru Ammal Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Nemili_B. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction adheres to legal standards.

When buying or selling property, the guideline value influences the calculation of stamp duty and registration fees, which are essential components of the transaction process. It is important for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Bangaru Ammal Nagar?

The current guideline value of Bangaru Ammal 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 decreased from Rs 300 per sq.ft in 2023 to Rs 250 per sq.ft in 2024, a reduction of 17%. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Bangaru Ammal Nagar?

Bangaru Ammal Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find information about stamp duty and registration fees?

Information about stamp duty and registration fees can be accessed through the stamp duty and registration fee calculator available online.

Which Sub Registrar Office covers Bangaru Ammal Nagar?

The Sriperumpudur Sub Registrar Office covers Bangaru Ammal Nagar, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.