Guideline Value for E.V.R. Nagammai Street

E.V.R. Nagammai Street guideline value

The current guideline value of E.V.R. Nagammai Street is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Class III Type - II.

How the guideline value of E.V.R. Nagammai Street has changed

The guideline value for E.V.R. Nagammai Street has undergone several revisions over the years. In 2007, the guideline value was Rs 200 per sq.ft, which increased significantly to Rs 1,400 per sq.ft in 2012, marking a 600% increase. However, from 2012 to 2017, the value decreased to Rs 938 per sq.ft, reflecting a decline of 33%. The most recent revision in 2024 set the guideline value at Rs 1,500 per sq.ft, representing a 60% increase from 2017.

It is important to note that there are no figures available for the years 2023, 2003, and 2002 in the register for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 2,400 per sq.ft. E.V.R. Nagammai Street's 2024 guideline value is below this median.

• Ettiyamman Nagar Venkateswara Street: Rs 2,200 per sq.ft (2024)
• Ettiyamman Nagar (Perumal Koil Street): Rs 2,200 per sq.ft (2024)
• Ettiyamman Nagar (Kamarajar Street): Rs 2,200 per sq.ft (2024)
• Ettiyamman Nagar (Kamarajar Cross Street): Rs 2,200 per sq.ft (2024)
• Ettiyamman Nagar Extn AIR Back Side (S.No.208, 869, 177, 180): Rs 990 per sq.ft (2024)
• Ettiyamman Nagar AIR Back Side (S.No.208, 869, 177, 180): Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in E.V.R. Nagammai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total charges to Rs 1,35,000. 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 E.V.R. Nagammai Street?

The Sub Registrar Office that covers E.V.R. Nagammai Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor when buying or selling property in Thirumullaivoyal. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during property registration.

When a property is sold, the guideline value is used to calculate the applicable taxes, which can impact the overall cost of the transaction. It is important for both parties to understand the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of E.V.R. Nagammai Street?

The current guideline value of E.V.R. Nagammai Street is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2024, showing an overall increase of 650% over the years.

What are the other streets in Thirumullaivoyal?

Other streets in Thirumullaivoyal include Ettiyamman Nagar Venkateswara Street, Ettiyamman Nagar (Perumal Koil Street), and several others, with guideline values ranging from Rs 990 to Rs 2,200 per sq.ft.

Where can I find the Sub Registrar Office for E.V.R. Nagammai Street?

The Sub Registrar Office for E.V.R. Nagammai Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in E.V.R. Nagammai Street?

Stamp duty for properties in E.V.R. Nagammai Street is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total charges can be calculated based on the current guideline value.