Guideline Value for NAGALLAMMAN KOIL STREET

Nagallamman Koil Street guideline value

The current guideline value of Nagallamman Koil Street is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Podaturpet village under the Pallipattu SRO and is classified as Residential Class I Type - I.

How the guideline value of Nagallamman Koil Street has changed

In the 2017 revision, the guideline value was set at Rs 167 per sq.ft. This figure increased by 50% to Rs 250 per sq.ft in the 2023 revision. The register has no figures for the revisions in 2002, 2003, 2007, and 2012, indicating that there were no recorded changes for this street during those years.

With the 2024 revision, the guideline value remains at Rs 250 per sq.ft, showing no change from the 2023 figure. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 50%.

Guideline values in Podaturpet

In Podaturpet, there are 47 streets under the Pallipattu SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 300 per sq.ft. The median value is Rs 250 per sq.ft, placing Nagallamman Koil Street at this median level.

• Nadu Street: Rs 250 per sq.ft (2024)
• Nalla Thaneer Kulam Street: Rs 250 per sq.ft (2024)
• Nalla Thaneer Kuzham Street: Rs 250 per sq.ft (2024)
• Mettu Street: Rs 202 per sq.ft (2024)
• Meenakshi Nagar: Rs 200 per sq.ft (2024)
• Ootha Vadai Street: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Nagallamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees together to Rs 22,500. 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 details.

Which Sub Registrar Office covers Nagallamman Koil Street?

The Sub Registrar Office covering Nagallamman Koil Street is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Podaturpet. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

When a property is registered, the guideline value helps determine the official value of the property, which is essential for legal and financial documentation. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Nagallamman Koil Street?

The current guideline value of Nagallamman Koil Street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 50%, going from Rs 167 per sq.ft to Rs 250 per sq.ft in 2024. The 2023 revision also recorded the same value of Rs 250 per sq.ft.

What is the land classification of Nagallamman Koil Street?

Nagallamman Koil Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Nagallamman Koil Street?

The Sub Registrar Office for Nagallamman Koil Street is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 2,50,000 would incur a stamp duty of Rs 17,500 at 7%.