Guideline Value for NAGAMMAL NAGAR

Nagammal Nagar guideline value

The current guideline value of Nagammal Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Kalpakkam village and falls under the Ponneri Sub Registrar Office (SRO). The land classification for this street is Residential Class II Type - I.

How the guideline value of Nagammal Nagar has changed

The guideline value for Nagammal Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 100 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 67 per sq.ft. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%, and there has been no change from 2023 to 2024. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Kalpakkam

In Kalpakkam, 21 streets under the Ponneri SRO have a guideline value for 2024, ranging from Rs 100 to Rs 100 per sq.ft, with a median value of Rs 100 per sq.ft. The guideline value for Nagammal Nagar is equal to this median.

• Nalini Krishnan Nagar: Rs 100 per sq.ft (2024)
• Muthu Nagar: Rs 100 per sq.ft (2024)
• M K M Nagar: Rs 100 per sq.ft (2024)
• Nithyas Garden: Rs 100 per sq.ft (2024)
• Leelavathy Nagar: Rs 100 per sq.ft (2024)
• Lakshmi Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Nagammal Nagar

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Nagammal Nagar?

The Sub Registrar Office that covers Nagammal Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Kalpakkam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the property's guideline value or the sale price, whichever is higher.

When buying or selling property, understanding the guideline value helps both buyers and sellers to comply with legal requirements. It is advisable to check the latest guideline value before proceeding with any transaction to avoid discrepancies during registration.

Frequently asked questions

What is the current guideline value of Nagammal Nagar?

The current guideline value of Nagammal Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in both 2023 and 2024, reflecting a 49% increase over this period.

Are there any years without a guideline value for Nagammal Nagar?

Yes, the guideline value register has no figures for Nagammal Nagar for the years 2002, 2003, 2007, and 2012.

What is the stamp duty rate for properties in Nagammal Nagar?

The stamp duty rate for properties in Nagammal Nagar is 7%, calculated on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Nagammal Nagar located?

The Ponneri Sub Registrar Office, which covers Nagammal Nagar, is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.