Guideline Value for NAGAMMAL NAGAR

Nagammal Nagar guideline value

The current guideline value of Nagammal Nagar is Rs 3,285 per sq.ft, effective from 1 July 2024. This area is located in Thiruverkadu village under the Kunrathur SRO, classified as Mixed Special Type - I.

How the guideline value of Nagammal Nagar has changed

The guideline value of Nagammal Nagar has seen significant changes over the years. The oldest recorded figure is from the 2017 revision, which was Rs 2,000 per sq.ft. This increased to Rs 2,986 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 sees the value at Rs 3,285 per sq.ft, reflecting a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that there are no figures for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruverkadu

In Thiruverkadu, there are 178 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,430 to Rs 3,520 per sq.ft. The median value for these streets is Rs 1,540 per sq.ft, placing Nagammal Nagar's 2024 guideline value above this median.

• Nagalingam Nagar: Rs 1,540 per sq.ft (2024)
• Munuswamy Nagar: Rs 1,540 per sq.ft (2024)
• Mahalakshmi Nagar Main Road: Rs 1,540 per sq.ft (2024)
• Mahalakshmi Nagar 9th Cross Street: Rs 1,540 per sq.ft (2024)
• Mahalakshmi Nagar 8th Cross Street: Rs 1,540 per sq.ft (2024)
• Mahalakshmi Nagar 7th Cross Street: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Nagammal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,285 per sq.ft, the total guideline value would be Rs 32,85,000. The stamp duty at 7% would amount to Rs 2,29,950, and the registration fee at 2% would be Rs 65,700, bringing the total cost for these fees to Rs 2,95,650. Please note that the 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 further calculations.

Which Sub Registrar Office covers Nagammal Nagar?

Nagammal Nagar falls under the Kunrathur Sub Registrar Office located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Thiruverkadu, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that buyers must pay during the registration process.

When buying or selling property, it is essential to be aware of the guideline value, as it directly affects the overall cost of the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Nagammal Nagar?

The current guideline value of Nagammal Nagar is Rs 3,285 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2017 to Rs 2,986 per sq.ft in 2023, and now to Rs 3,285 per sq.ft in 2024, reflecting significant increases over the years.

What is the median guideline value in Thiruverkadu?

The median guideline value for streets in Thiruverkadu is Rs 1,540 per sq.ft, with Nagammal Nagar's value being above this median.

What are the registration fees for a property in Nagammal Nagar?

For a property valued at Rs 32,85,000, the stamp duty would be Rs 2,29,950 and the registration fee would be Rs 65,700, totaling Rs 2,95,650.

Which office handles registrations for Nagammal Nagar?

The Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069, handles registrations for Nagammal Nagar.