Guideline Value for NAGATHAMMAN KOIL SATHYAVANIMUTHU 1ST LANE

Nagathamman Koil Sathyavanimuthu 1st Lane guideline value

The current guideline value for Nagathamman Koil Sathyavanimuthu 1st 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 Sathyavanimuthu 1st Lane has changed

In the 2012 revision, the guideline value was Rs 2,500 per sq.ft. This figure remained unchanged in the 2023 revision, where it was still Rs 2,500 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 2,700 per sq.ft, reflecting an 8% rise from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 8%. The register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO, with 2024 guideline values 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 Sathyavanimuthu 1st Lane.

• Nagathamman Koil Sathyavani Muthu 3rd 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 5th Lane: Rs 2,700 per sq.ft (2024)
• Nagathamman Koil Sathyavanimuthu 6th Lane: Rs 2,700 per sq.ft (2024)
• Nagathamman Koil Sathyavani Muthu 7th Lane: Rs 2,700 per sq.ft (2024)
• Nagathamman Koil Sathyavani Muthu 8th Lane: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Nagathamman Koil Sathyavanimuthu 1st 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 be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, making the total cost Rs 2,43,000. 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 detailed calculations.

Which Sub Registrar Office covers Nagathamman Koil Sathyavanimuthu 1st Lane?

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

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

The guideline value is a crucial factor during the registration process of property transactions in Perambur. It serves as a benchmark for calculating the stamp duty and registration fees that buyers need to pay when acquiring property.

When selling property, the guideline value helps establish a fair price for the transaction, ensuring that both parties are aware of the official valuation set by the government. This process is essential for maintaining transparency in real estate transactions.

Frequently asked questions

What is the current guideline value of Nagathamman Koil Sathyavanimuthu 1st Lane?

The current guideline value of Nagathamman Koil Sathyavanimuthu 1st 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 increased from Rs 2,500 per sq.ft in 2012 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 8% over this period.

Which Sub Registrar Office is responsible for this area?

The Purasaivakkam Sub Registrar Office is responsible for the registration of properties in Nagathamman Koil Sathyavanimuthu 1st Lane, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

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

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total cost of Rs 2,43,000 in fees.

What is the land classification for Nagathamman Koil Sathyavanimuthu 1st Lane?

Nagathamman Koil Sathyavanimuthu 1st Lane is classified as Residential Class III Type - II.