Guideline Value for NAGATHAMMAN KOIL SATHYAVANI MUTHU 7TH LANE

Nagathamman Koil Sathyavani Muthu 7th Lane guideline value

The current guideline value of Nagathamman Koil Sathyavani Muthu 7th Lane is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class III Type - II.

How the guideline value of Nagathamman Koil Sathyavani Muthu 7th Lane has changed

The guideline value for Nagathamman Koil Sathyavani Muthu 7th Lane has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which decreased to Rs 1,675 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 2,500 per sq.ft. The most recent revision in 2024 raised the guideline value to Rs 2,700 per sq.ft, reflecting an 8% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO with a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, which is equal to the guideline value of Nagathamman Koil Sathyavani Muthu 7th Lane.

• Nagathamman Koil Sathyavanimuthu 6th Lane: Rs 2,700 per sq.ft (2024)
• Nagathamman Koil Sathyavani Muthu 8th Lane: Rs 2,700 per sq.ft (2024)
• Nagathamman Koil Sathyavani Muthu 5th Lane: Rs 2,700 per sq.ft (2024)
• Nagathamman Koil Sathyvani Muthu 2nd Lane: Rs 2,700 per sq.ft (2024)
• Nagathamman Koil Sathyavani Muthu 4th Lane: Rs 2,700 per sq.ft (2024)
• Nagathamman Koil Sathyavani Muthu 3rd Lane: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Nagathamman Koil Sathyavani Muthu 7th Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nagathamman Koil Sathyavani Muthu 7th Lane?

The Sub Registrar Office that covers Nagathamman Koil Sathyavani Muthu 7th Lane is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

When buying or selling property in Perambur, the guideline value plays a crucial role during the registration process. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official records.

It is essential for buyers and sellers to be aware of the current guideline value, as it can affect the overall costs associated with property transactions. Understanding this value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Nagathamman Koil Sathyavani Muthu 7th Lane?

The current guideline value of Nagathamman Koil Sathyavani Muthu 7th Lane is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024, reflecting an 8% increase. The value also rose from Rs 1,675 per sq.ft in 2017 to Rs 2,500 per sq.ft in 2023, marking a 49% increase.

What is the classification of land in Nagathamman Koil Sathyavani Muthu 7th Lane?

Nagathamman Koil Sathyavani Muthu 7th Lane is classified as Residential Class III Type - II. This classification impacts the guideline value and potential uses of the land.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is 2%. For example, for a 1,000 sq.ft plot valued at Rs 27,00,000, the total stamp duty and registration fees would amount to Rs 2,43,000.

Which Sub Registrar Office covers this area?

The Purasaivakkam Sub Registrar Office covers Nagathamman Koil Sathyavani Muthu 7th Lane, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.